Conduit: The Innovation Engine in the Encryption Field

In the wave of rapid development of cryptocurrency and blockchain technology, Conduit is becoming a key driver in the industry with its unique positioning and innovative solutions. This article will delve into Conduit’s two core applications in the encryption field: as a blockchain infrastructure platform and a stablecoin payment service platform, revealing how it provides strong support for developers and enterprises, driving the development of the entire industry.

Conduit: The Rise of Blockchain Infrastructure Platforms

Conduit, as a blockchain infrastructure platform, is dedicated to simplifying the deployment and management of Rollups, providing strong support for developers. Blockchain networks like Ethereum have long faced challenges related to scalability and high transaction fees, while Rollups, as a Layer 2 scaling solution, significantly increase throughput and reduce transaction costs by batch processing transactions and submitting data to Layer 1. However, the deployment and management of Rollups often require a deep technical background and high development costs, which pose a significant barrier for many project teams. Conduit makes L2/L3 deployment simple and efficient by offering Rollup-as-a-Service (RaaS), allowing developers to focus on innovation instead of being bogged down by technical details.

The core features of Conduit include rapid deployment, customizable technology stack, highly available sorting, auto-scaling RPC, built-in block explorer and faucet, natively integrated applications and tools, a feature-rich dashboard, hosted infrastructure, and advanced monitoring systems. These features provide robust infrastructure support for high-performance blockchain projects such as DeFi, NFTs, and consumer applications. Whether it is decentralized exchanges (DEX), Web3 social platforms, DeFi ecosystems, or on-chain clearing and NFT ecosystems, Conduit can provide customized solutions to meet the needs of different projects.

Conduit: Innovator in Stablecoin Payment Services

Another core application of Conduit is as a stablecoin payment service platform, providing efficient cross-border payment solutions for businesses. In international trade, cross-border payments have always been a complex and costly process. Conduit helps businesses simplify payment processes, reduce transaction costs, and increase transaction efficiency by supporting the exchange and payment of stablecoins and local fiat currencies. Established in 2021, Conduit has enabled its clients to save over 60% in settlement time and reduce transaction costs by over 50%, significantly enhancing operational efficiency and competitiveness.

Conduit’s stablecoin payment service is particularly suitable for import and export enterprises in regions such as Africa and Latin America. Businesses in these areas often face high cross-border payment costs and long settlement times, and Conduit’s solution offers them a more efficient and cost-effective option. By collaborating with local banks and financial institutions, Conduit ensures the security and compliance of payments, providing businesses with reliable cross-border payment services.

The Conduit team and future outlook

Andrew Huang, the founder of Conduit, has a rich technical background and industry experience. He graduated from the Massachusetts Institute of Technology and has worked at well-known companies such as X, Pinterest, Wish, and Quill, focusing on the infrastructure and system architecture of rapidly growing platforms. Andrew also serves as a resident entrepreneur at Paradigm (a well-known encryption fund), accumulating deep industry resources and connections. Conduit has raised a total of $44 million, including $7 million in the seed round in March 2023 and $37 million in the Series A round in June 2024. This funding will be used for product development, expanding the Ethereum ecosystem, and helping developers deploy and scale Rollups more easily.

Looking to the future, Conduit will continue to delve deeply into the blockchain infrastructure and stablecoin payment service sectors, promoting technological innovation and application expansion. With the continuous development of blockchain technology and the growing maturity of the cryptocurrency market, Conduit is expected to become a key infrastructure provider in the industry, offering more efficient and reliable solutions for global enterprises and developers.

The industry value and potential of Conduit

The rise of Conduit in the encryption field not only provides strong support for developers and enterprises but also injects new vitality into the development of the entire industry. Whether as a blockchain infrastructure platform or as a stablecoin payment service platform, Conduit has demonstrated its unique value and potential. With continuous technological advancements and the gradual maturity of the market, Conduit is expected to play a more important role in the encryption field, promoting the industry’s development to a higher level.