About
Mode Network is an Ethereum L2 built with Optimism for AI-operated DeFi. Launched early 2024 and hit 20K users and $40M TVL in the first 24 hours. Hosts 50+ DeFi apps. Runs a sequencer fee-sharing 'onchain cooperative' that routes revenue back to developers and users. Partnered with Orderly to launch AI-powered perpetuals DEX. Building infrastructure for verifiable AI trading agents.
Key Facts
- [1]Funding: Total funding: $7M. Last round: Jan 2024. Stage: Late Stage.
- [2]Employees: Employee count: 11-50.
- [3]Company Type: Token company (token-based project).
- [4]Web3: Web3 and blockchain technology company. Token-based project.
- [5]Website: Official website: mode.network.
- [6]AI Technology: Core AI/ML technologies: Infrastructure.
- [7]Region: Region: Americas (United States).
Founder
James Ross
Co-founder
AI Technology
Infrastructure
AI/ML infrastructure, compute networks, and tooling
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Mode Network?
Mode Network is an Ethereum L2 built with Optimism for AI-operated DeFi. Launched early 2024 and hit 20K users and $40M TVL in the first 24 hours. Hosts 50+ DeFi apps. Runs a sequencer fee-sharing 'onchain cooperative' that routes revenue back to developers and users. Partnered with Orderly to launch AI-powered perpetuals DEX. Building infrastructure for verifiable AI trading agents. Mode Network is classified in the Crypto & Web3 segment at the Infrastructure layer of the financial AI stack.
Who founded Mode Network?
Mode Network was founded by James Ross (Co-founder).
How much funding has Mode Network raised?
Mode Network has raised $7M in total funding, placing the company at the Late Stage stage. The most recent round closed in Jan 2024. Among 38 funded Crypto & Web3 companies, Mode Network ranks #36 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Mode Network use?
Mode Network primarily leverages Infrastructure technology. AI/ML infrastructure, compute networks, and tooling. Within the Crypto & Web3 segment, 28 companies use this technology.
What market segment does Mode Network operate in?
Mode Network operates in the Crypto & Web3 market segment. AI-powered crypto and Web3 companies operate at the intersection of artificial intelligence, blockchain technology, and decentralized finance. This segment includes DeFi protocols enhanced by AI, crypto trading platforms, blockchain analytics tools, and the emerging category of on-chain AI agents.
Who are Mode Network's competitors?
Companies similar to Mode Network in the Crypto & Web3 space include Stripe ($9.8B raised), Natural ($10M raised), Catena Labs ($18M raised), Virtuals Protocol (VIRTUAL) ($16M raised), VaderAI. These companies operate in related areas of financial AI: Stripe focuses on ai-powered payments platform with fraud detection. Natural focuses on payments infrastructure for ai agent transactions. Catena Labs focuses on building payment rails for ai agents. (Based on AIFI Map classification data.)
What products does Mode Network offer?
Mode Network builds infrastructure-layer solutions for the financial services industry. The company's core offering: Ethereum L2 for AI-operated DeFi economy. The platform is powered by Infrastructure technology.
Is Mode Network publicly traded?
Mode Network operates as a token-based project rather than a traditional equity-backed company. It is a Web3-native platform leveraging blockchain and decentralized finance.
Does Mode Network use Web3 or blockchain technology?
Yes, Mode Network incorporates Web3 and blockchain technology. Ethereum L2 for AI-operated DeFi economy. The project operates as a token-based platform. Mode Network is part of the Crypto & Web3 segment in the AIFI directory.