Startup looking to bring shared sequencing to life secures $1.7M

Radius is introducing a zero-knowledge solution dubbed Practical Verifiable Delay Encryption

article-image

FOTOSPLASH/Shutterstock modified by Blockworks

share

Radius, a startup looking to separate the tasks of sequencing and execution, has secured $1.7 million in its latest pre-seed funding round led by Hashed.

Other investors including Superscrypt, Lambdaclass and Crypto.com also participated in the round.

Radius is currently developing a trustless shared sequencing layer that aims to resolve the potentially damaging effects of centralized sequencing — where a single entity has control over the ordering of transactions in a block.

“A sequencer may front-run or sandwich user transactions, creating adverse price effects and forcing users to pay more and wait longer for their transactions to go through,” the company wrote in a blog post. 

Unlike traditional decentralized sequencer solutions, Radius notes that its zero-knowledge solution, “disempowers the influence of a centralized sequencer, rather than decentralizing it.” Its solution is known as the Practical Verifiable Delay Encryption (PVDE).

PVDE is designed to encrypt transactions and prevent the discovery of harmful maximum extractable value, or MEV — completely eliminating the need for trust in sequencers. 

This means that when a user submits their transaction, the sequencer who is rearranging the transaction will not be able to view its contents.

AJ Ji Hoon Park, the founder of Radius, notes that the company is “committed to setting the standard for a trustless shared sequencing layer that not only maximizes revenue for Rollups but also safeguards users from the harmful effects of MEV.” 

Alongside the development of PVDE, Radius is also creating an MEV-resistant decentralized exchange. This exchange, named 360, will protect its users from front-running bots and sandwich attacks. 

Although it is unclear when 360 will be launched, the company notes that it plans to release an early version of its sequencing layer solution early next year.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Yuga cofounder Greg Solano says it’s time to be thoughtful, ‘but also kinda fucking ruthless’

article-image

The stablecoin issuer now plans to offer 32 million Class A common stock shares at a price of up to $28 each

article-image

Let’s go whale watching, Bitcoin style: Investigating the mysterious “12ib7” wallet now worth $3.2 billion

article-image

Bitget’s L2 is undergoing a leadership change and will be helmed by Colin Goltra, formerly the blockchain’s chief growth officer

article-image

The funding was spread out across 61 rounds, a slight dip in both number of rounds and total funding in comparison to other months