Termina, a platform developed by Nitro Labs providing SVM-as-a-Service, has successfully raised $4 million in a seed funding round led by Lemniscap. The funding aims to address the current lack of SVM infrastructure in the market. Nitro Labs is focused on building infrastructure that allows developers to create customizable Solana-based networks optimized for privacy and performance. Over 20 ecosystem partners are currently collaborating with Termina to facilitate the quick and efficient deployment and management of these SVM networks. Additionally, other notable developments include Deep Blue's integration with Arbitrum to enhance stablecoin issuance and Nebra's launch of its Universal Proof Aggregation for zk-proof solutions to increase efficiency in verification processes. Truflation has also introduced its first Memecoin Index, allowing investors to track the performance of leading meme coins.

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