The Taiko project, distinguished for its "based sequencing" architecture, is one of several competing for relevance among a deep field of Ethereum layer-2 networks. Taiko, a layer-2 scaling solution provider for the Ethereum blockchain, has raised $15 million in a series A funding round, adding to the growing amount of investment allocations to crypto projects from venture-capital firms. The fundraise was led by Lightspeed Faction, Hashed, Generative Ventures and Token Bay Capital, according to a press release. Other investors in the round included Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR and WW Ventures. The latest round brings Taiko's total fundraising across three rounds to $37 million.