Spicenet
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anchored·4byRpT…whQmSummary
Spicenet is an early-stage DeFi interoperability protocol founded in 2023 and headquartered in Kingston, Canada, with a technical hub in Bengaluru, India. The project raised $3.4 million in a December 2024 seed round led by Hack VC and Magnus Capital, and is building a cross-chain brokerage network comprising two products — Spice Flow (multi-chain distribution) and Spice Edge (execution layer). As of May 2026, Spicenet remains pre-mainnet; no regulatory actions, fraud allegations, or security breaches have been publicly documented.
Connected Entities
9 entities · 60 linked investigations- Injective Protocol→mentioned with→Ethereum(70%)
- Injective Protocol→mentioned with→Binance(80%)
- Spicenet→mentioned with→Chainlink(70%)
- Hyperliquid→mentioned with→Uniswap(60%)
- Spicenet→mentioned with→Ethereum(65%)
- Hyperliquid→mentioned with→Arbitrum(65%)
- Spicenet→mentioned with→Hyperliquid(65%)
- Spicenet→mentioned with→Arbitrum(70%)
- Spicenet→mentioned with→Injective Protocol(60%)
- Hyperliquid→mentioned with→Ethereum(70%)
- + 12 more
Connected Through
8 shared actors · 598 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □Binanceorganization
- ⌂Uniswapprotocol
- □Arbitrumorganization
Timeline(9 events)
2023
Spicenet founded in Kingston, Canada by Karthik Pariti and Matthew McConnell. Initially conceived as a purpose-built sovereign rollup for the PepperDEX derivatives protocol.
Tracxn Company Profile28 May 2024
PepperDEX Twitter account announces SpiceNet, describing it as where 'speed meets decentralization,' marking early public visibility for the project.
PepperDEX on X11 December 2024
Spicenet closes $3.4 million seed round led by Hack VC and Magnus Capital, with participation from 8+ institutional investors and multiple angels including Zaki Manian and John Adler.
Spicenet Raises $3.4 Million in Seed Funding — BlocmatesSeptember 2025
Spice Flow testnet launches. The distribution SDK goes live on multiple testnets including Ethereum Sepolia, Arbitrum, and Citrea.
Spicenet Roadmap — Spicenet BlogOctober 2025
Linera announces partnership with Spicenet, integrating Spice Flow and Spice Edge with Linera's microchain architecture for real-time cross-chain execution.
Linera x Spicenet Partnership20 November 2025
Spicenet joins the Chainlink BUILD program, adopting Chainlink as its exclusive oracle and cross-chain interoperability infrastructure. SPICE token supply allocated to Chainlink stakers as part of the arrangement.
DeFi Interoperability Protocol Spicenet Joins Chainlink's BUILD — CryptoTimes26 November 2025
Hashlock completes comprehensive security audit of Spicenet codebase, awarding its highest 'Hashlocked' rating. Audit covers Spice Edge, Spice Flow, ZK proof integrations, and Merkle tree implementations.
Spicenet Achieves Hashlocked Rating in Comprehensive Security Audit — CoinGeckoDecember 2025
First Spice Flow Devnet goes live, enabling bridge-free trading via BrokexFi from Arbitrum and Base using Spicenet's infrastructure, in collaboration with Linera.
Linera on XFebruary 2026
Spice Edge testnet launches. The composable execution API/SDK connecting to Derive, Hyperliquid, Uniswap, and other liquidity venues becomes available to developers.
Spicenet Roadmap — Spicenet BlogDecision Log
- slot 445508982 · hash B9VDe7MHBvYZHY9YHgCKFHeUoTjv5SRgjFTJDe8YMVqw
- slot 425213126 · hash J6bEpYm1M5QLm3jgX7v3iRA3ZXwzVNrm5REAJBrG6RcY
- slot 425213124 · hash 25zzmZhttHV55P9hmWZBg7Qgysgv1XeEKrdtA6wmTGE2
- slot 423089080 · hash 2wABUqJREZ1hPv35YuKi264SkHsyV3wC84Y9ACWJkDtw
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 19 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/30/2026, 5:03:51 AM
last updated: 5/30/2026, 5:03:52 AM
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