Turtle, a protocol focused on on-chain liquidity distribution, has raised an additional $5.5 million in funding, bringing its total capital raised to $11.7 million. The new investment will accelerate Turtle’s expansion as it continues to build what it calls the “Liquidity Distribution Protocol,” designed to coordinate capital and protocols across Web3 through a transparent, data-driven infrastructure.
The round follows a period of rapid growth for Turtle, which now supports over 358,000 connected wallets and has routed more than $5.5 billion in liquidity to its partner networks. In just 18 months since launch, the company has become one of the largest liquidity hubs in the decentralized ecosystem.
Turtle’s product vision is organized around three pillars. First, Curated Opportunities, which include structured liquidity campaigns such as Boosted Deals and large-scale ecosystem programs for networks like TAC, Linea Ignition, Katana, and Avalanche. These have helped major blockchain ecosystems bootstrap billions in liquidity through transparent, on-chain coordination.
The second pillar, Consolidated Liquidity, is achieved through Turtle Vaults, which provide passive, risk-adjusted rewards while optimizing capital allocation and campaign efficiency. Vaults serve as a foundation for larger ecosystem efforts, enhancing risk management and long-term alignment between liquidity providers and partner protocols.
The third pillar, Distributed Network, involves the Earn Widget and Liquidity Leaderboard. These tools allow exchanges, wallets, and analytics platforms to integrate liquidity opportunities directly into their user interfaces while rewarding users and communities for participation through activity and influence tracking.
Together, these components form a comprehensive distribution network that curates, consolidates, and broadcasts liquidity opportunities across an expanding Web3 ecosystem.
The funding round saw participation from a diverse group of investors, including Bitscale VC, Theia, Trident Digital, SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, Wise3 Ventures, and others. Founders and angel investors from leading blockchain projects such as Polygon, 1inch, Gnosis, Altlayer, ECHO, Spartan, Hypernest, Sky9, Selini, Figment Capital, and Binance also took part in the round.
With backing from more than 150 of the world’s most active on-chain liquidity providers, Turtle plans to use the new capital to enhance its Earn infrastructure, expand its engineering team, and deepen integrations across multiple blockchain ecosystems.
Turtle has also generated more than $6 million in revenue to date by monetizing liquidity activity through wallets, vaults, and APIs, validating the sustainability of its coordination-based model over traditional incentive systems.
KEY QUOTES:
“Liquidity is the infrastructure everything else runs on. It’s long been opaque, fragmented, and expensive. We’re making liquidity programmable — transparent, efficient, and coordinated — so protocols can attract capital sustainably, and capital providers can deploy it with confidence.”
Essi Lagevardi, CEO of Turtle
