- Scott Gray raises $5M for trading app.
- App covers Ethereum and Solana.
- Investors include Coinbase Ventures.
Scott Gray, founder of Genie, has successfully raised $5 million for his new social trading app, Share, which indexes on-chain trading on Solana, Base, and Ethereum.
Share’s potential to revolutionize on-chain transactions could influence trading activity in altcoins and memecoins, increasing liquidity and transparency across involved blockchains.
Scott Gray, known for founding Genie, has secured $5 million in funding for a new social trading app named Share. The app aims to index on-chain trading across major blockchains like Solana, Ethereum, and Base for enhanced market visibility.
Investors participating in the funding round include Coinbase Ventures, Collab+Currency, and Palm Tree Crypto. The app’s development could shift trading activities in Ethereum, Solana, and Base, potentially affecting liquidity and user participation across these ecosystems.
The introduction of Share may influence market dynamics by providing real-time feeds, trading data, and wallet tracking. These features can attract traders and increase transparency, potentially raising volatility in altcoin trading settings.
The app’s focus on three major blockchains may have implications for both market behavior and technological adoption. However, no specific metrics on transaction volumes or liquidity changes have been disclosed at this time.
Scott Gray, Founder & CEO, Share, “Share is the only app built from first principles that treats on-chain transactions as a new form of media. We index every transaction on Solana, Base, and Ethereum, and give every single wallet a Share profile whether or not they joined yet.”
While initial reactions remain limited due to the stealth launch strategy, Share offers potential benefits for on-chain user engagement. This mirrors historical impacts observed with platforms like Nansen, which have encouraged user participation in blockchain activity.
Insights suggest that as social trading platforms emerge, they can significantly influence market participation and asset volatility. Historical trends, such as the effect of platforms like Genie, demonstrate how tech advancements can reshape user interactions in the crypto industry.
