Elixir announced the completion of a Series B funding round that brings the project's valuation to $800 million. Mysten Labs and Maelstrom co-led the $8 million funding round, which also included participation from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, Validation Cloud and others.

Elixir is a modular DPoS network built to power liquidity on orderbook exchanges. When natively integrated by an exchange, Elixir enables users to supply liquidity to their order books. The network also allows exchanges to build other trustless products to enhance their liquidity.