Symphony Network: Solving DeFi's Biggest Challenges

The DeFi space is constantly evolving, but it faces two major hurdles: liquidity fragmentation and poor user experience. Enter Symphony Network, the brainchild of the team behind Cadence, which previously achieved over $300 million in volume and $1 million in fee revenue.

Originally focused on a capital-efficient perp protocol, the Cadence team recognized that these systemic issues couldn't be solved by a single protocol. Leveraging their experience from projects like Metamask, Axelar, and Karaksn, they pivoted. The result is Symphony Network, positioned as the first agnostic execution network designed to tackle DeFi's scalability problems head-on.

From Cadence to Symphony: A New Era for DeFi
Remember Cadence? Launched in March 2023, it was a successful perp protocol boasting $300M+ in volume and $1M in fees. But its creators quickly identified critical roadblocks to DeFi's growth: fragmented liquidity and a clunky user experience.