MEXC to list Analog: trading begins February 10

MEXC has announced the listing of Analog (ANLOG) in its Innovation Zone, with trading set to commence on Feb. 10. 

MEXC will list Analog (ANLOG) in the Innovation Zone and launch trading for the ANLOG/USDT pair on Feb. 10, according to the recent announcement. Deposits for ANLOG are already open, and withdrawals will be available starting Feb. 11.

Analog has already secured listings on a couple of major exchanges, namely KuCoin and Bitget. The token was first made available for pre-market trading on KuCoin, with the ANLOG/USDT pair launching officially on Jan. 24.

About Analog: an omnichain interoperability solution

Founded in 2021 by Victor Young and Sanchal Ranjan, Analog aims to solve challenges in cross-chain communication by enabling seamless communication between Layer 1 and Layer 2 networks. Unlike competitors such as LayerZero and Axelar, Analog offers an independent omnichain interoperability solution with a developer-focused, all-in-one toolkit that does not rely on third-party oracles. This simplifies smart contract development and connection across multiple blockchains. 

Analog has successfully raised multiple rounds of funding to fuel its development. In its latest round, the company secured an impressive $5 million, bringing its total funding to $21 million and boosting its valuation to $300 million. Key backers include Foresight Ventures, Gate Ventures, BackerDAO, and Black Label Ventures.

More than 50 projects have either built on or committed to building on Analog’s protocol, including Rarible, Pixelport, Meson Network, Dmail, and StationX, as reported by The Block. Additionally, the project is developing its own decentralized exchange, Zenswap, which will enable cross-chain token swaps across blockchains such as Tocoin (TON), Solana (SOL), and Bitcoin (BTC).