On December 18, COINOTAG News reported that Fuse Energy, a Solana-based DeFi project, has closed a $70 million Series B financing round. The round was co-led by Lowercarbon Capital and Balderton Capital, valuing the company at approximately $5 billion.

Proceeds will accelerate product development and ecosystem expansion within the Solana DeFi space, reinforcing investor confidence in scalable on-chain financial primitives. The milestone signals sustained venture appetite for Solana-native DeFi infrastructure and reinforces Fuse Energy’s strategic position within the ecosystem.