Ethereum News Today: Pheasant Secures $2M to Build AI-Driven DeFi Interoperability Tools

Pheasant Network has raised $2 million in a seed funding round, led by Mint and supported by the Ethereum Foundation, Optimism Foundation, and Polygon Labs according to reports. The investment aims to enhance cross-chain interoperability by integrating artificial intelligence into decentralized finance (DeFAI). This development marks a significant milestone as the project moves toward a more advanced, AI-driven ecosystem.

The funding round also included participation from 90s and several individual investors according to reports. In addition to Mint's leadership, multiple Layer 2 ecosystems provided support to Pheasant Network's vision of improving decentralized finance experiences. The capital will accelerate the development of AI-powered tools and protocols across multiple blockchain networks.

Pheasant Network currently supports Ethereum and over 30 Layer 2 networks according to the announcement. Its Optimistic Interoperability mechanism has already processed more than $200 million in cross-chain volume. The project plans to use the new funds to expand the utility of its native token PNT and introduce AI-assisted routing and automated yield flows.

Strategic Vision and Roadmap

Pheasant Network's CEO, Tomo, emphasized the project's focus on merging AI with intent-based execution to improve DeFi interoperability according to the announcement. The team aims to create a more intuitive and efficient cross-chain experience by leveraging intent-based systems that allow users to specify desired outcomes without needing to manage complex transaction steps manually.

The project's roadmap includes the expansion of its cross-chain capabilities and the introduction of AI-driven automation for multi-step operations according to the announcement. Pheasant Network also plans to release a utility-oriented NFT series and enable one-click cross-chain actions to simplify user interactions.

Ecosystem Support and Market Conditions

Pheasant Network's funding comes amid a broader trend of venture capital activity in the crypto space, with larger funds favoring established projects according to market analysis. November 2025 saw only 57 disclosed crypto funding rounds, reflecting the ongoing consolidation in the industry. Despite this, projects like Pheasant Network continue to attract significant interest, particularly from Ethereum and Layer 2 ecosystem players.

The investment also aligns with the growing demand for AI integration in decentralized finance. As the industry evolves toward more interconnected and multi-chain environments, users face increasing complexity and operational risks according to industry reports. Pheasant Network's intent-based systems aim to address these challenges by optimizing execution paths and reducing user errors.

Next Steps and Future Goals

With the new capital, Pheasant Network will continue refining its AI-assisted routing and expanding its multi-stablecoin environment according to the roadmap. The team also plans to adopt emerging intent standards such as ERC7683 and launch Pheasant Points, a loyalty system that tracks user engagement and contributions to the ecosystem.

The project's roadmap outlines a transition into more advanced phases of development, with a focus on building a fully AI-enhanced DeFAI experience. The team will continue providing updates as it moves toward this vision.