Ethereum Push Notification Service Raises $10M at $131M Valuation

The company hopes to address the lack of cross-blockchain communication with easy messaging tools.

AccessTimeIconApr 14, 2022 at 1:57 p.m. UTC
Updated May 11, 2023 at 5:43 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

One of the major pain points in the crypto user experience (UX) is the lack of cross-blockchain communication. Ethereum Push Notification Service (EPNS), a communication protocol hoping to solve that problem, has raised $10.1 million in a Series A funding round at a $131 million valuation.

Jump Crypto led the round with participation from Tiger Global, ParaFi, Sino Global Capital, Polygon Studios and Harmony Foundation, among others.

  • Crypto: The Game Is 'Cutthroat': Founder
    Crypto: The Game Is 'Cutthroat': Founder
  • Spot Crypto ETFs in Hong Kong Have 'Strong Attachments' to China: OSL Exec
    Spot Crypto ETFs in Hong Kong Have 'Strong Attachments' to China: OSL Exec
  • What Happens to the Spot Ether ETF if ETH Is Deemed a Security in Hong Kong?
    What Happens to the Spot Ether ETF if ETH Is Deemed a Security in Hong Kong?
  • Hong Kong's 'Mind Boggling' Journey to Bitcoin and Ether ETFs
    Hong Kong's 'Mind Boggling' Journey to Bitcoin and Ether ETFs
  • The EPNS protocol enables on-chain communications with the ability to opt-in for permissionless channel notifications and subscriptions. Instead of using usernames to connect as on Discord or Twitter, EPNS relies on a user’s on-chain identifier. Since launching in January, EPNS says the protocol has powered 4 million notifications sent to more than 44,000 subscribers.

    “We have a very aggressive plan to get to a million users,” EPNS founder Harsh Rajat told CoinDesk in an interview.

    EPNS currently provides on-chain notifications for CoinDesk media alerts, Ethereum Naming Service (ENS) domain expirations, Snapshot governance updates and Oasis vault liquidations, among other services.

    EPNS will use the funding to expand its team and develop on blockchains beyond Ethereum. The protocol is already in testnet on Polygon and plans to launch on BNB Chain, Harmony and an unspecified non-Ethereum Virtual Machine (EVM) chain by the end of the year, said Rajat. The company also plans to launch wallet-to-wallet communication in the third quarter.

    “A user on any blockchain should be able to receive a notification from any other service they use on any blockchain,” Rajat explained.

    “As Web 3 power users, Sino Global Capital faces the difficulty of monitoring numerous DeFi, gaming and governance platforms and proposals,” said Sino Global Capital CEO Matthew Graham in a statement. “EPNS solves a huge pain point for us and fellow Web 3 product users by creating and consolidating notifications into an easy-to-use dashboard with fantastic UI/UX.”


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.