Cointel has secured a significant $7.4 million funding round led by Avalanche and Sugafam, marking a major step forward for privacy-focused DeFi. The investment will fuel the development of innovative zero-knowledge privacy solutions, particularly on the Avalanche blockchain. Cointel’s strategic financing aims to bolster its R&D efforts and expand liquidity. The funding has led to a notable increase in TVL on Cointel’s protocol on Avalanche, with positive market reactions observed. Raymond Chen, CEO of Cointel, has expressed excitement for this step forward and anticipates strong community participation and ecosystem integrations. Sugafam’s investment aligns with the ongoing evolution of blockchain privacy protocols, while regulatory interest is anticipated as privacy integration in public blockchains continues to evolve.