Blockchain development and research company Peregrine Exploration recently announced the completion of a $3.6 million financing round. This funding round was co-led by well-known institutions Polychain Capital and Dragonfly, and also received support from investment firms such as Robot Ventures, Pier Two, EIV, and Global Coin Research, as well as participation from angel investors including Balaji Srinivasan, Jeff Fang, Julian Koh, and Sidney Powell. The success of this financing not only reflects market recognition of Peregrine Exploration's technical capabilities but also provides strong financial support for the company's future development. The funds raised will primarily be used to accelerate the development of its stablecoin protocol Level, aiming to enhance the stability and practicality of digital currencies through innovative technological means, further promoting the healthy development of the cryptocurrency market.