About

Nibiru Chain is a layer-1 blockchain infrastructure designed for DeFi, smart contracts, and cross-chain interoperability within the Cosmos ecosystem. It is built using the Cosmos SDK and the Tendermint consensus algorithm, which enables fast and secure transaction finality. The chain supports CosmWasm smart contracts, allowing developers to write contracts in Rust, offering modularity and enhanced security compared to traditional Ethereum-based contracts.

History

In September 2022, Nibiru Chain secured $8.5M via its seed round, which was co-led by Tribe Capital, Republic Capital, Original Capital, and NGC Ventures, with additional participation from HashKey Capital, SaxeCap, Beco Capital, Alves Ventures, VC3 DAO, and others.

In 2023, the team accelerated development with multiple incentivized testnets and hackathons, ecosystem partnerships expanded to projects like Warp Protocol, Leap Wallet, and Zellic for security audits. Some of the notable technical milestones include the launching of CosmWasm, Oracle Module, and Nibi-Perps V1 on testnet.

In February 2024, the NIBI token was launched via CoinList, selling out $3M of allocation. Over 42K registrants and 5K purchasers participated. Furthermore, in the same month, Nibiru Chain closed a $12M funding round from Kraken Ventures, ArkStream Capital, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital to fuel ecosystem growth.

In March, the public mainnet launched with exchange listings, genesis NFT collection, and expansion initiatives in APAC (Korea, China, India, Japan, Vietnam, Thailand).

By the end of 2024, multiple flagship dApps were released by the team, notably Nibi-Perps, Nibi-Swap, NUSD, alongside full EVM compatibility, MultiVM ecosystem upgrades, structured products, and real-world asset integrations. Notable ecosystem projects were integrated included LayerZero, Astrovault, Frax Finance, HiYield, and OpenMark.

In April 2025, Abracadabra Money launched its MIMSwap on Nibiru EVM to facilitate stable swaps and provide liquidity within the ecosystem. MIMSwap is designed for exchanging tightly pegged assets, allowing users to earn yield on stablecoins.

In May 2025, announced the completion and live deployment of Nibiru V2, which unifies EVM and Wasm into a single, multi-VM blockchain environment. The update detailed the rollout of new consumer and DeFi apps such as LayerZero/Stargate, Oku.Trade, Syrup, and Sai Perps highlighted as major integrations.

By September 2025, Nibiru integrated with Steer Protocol, a turnkey asset management infrastructure offering Smart Pool Active Liquidity Management (ALM). This deployment enables high-efficiency vaults by combining Steer’s offchain automation with concentrated liquidity strategies. Furthermore, Elyx, a DeFi protocol focused on automated investment strategies, has also launched a new volatility-targeting vault on Nibiru.