Cross-chain protocol LI.FI has successfully raised $29 million in a funding round led by Multicoin Capital and CoinFund. The capital will be directed towards enhancing its cross-blockchain price discovery and transaction path optimization tools. LI.FI plans to expand into perpetual contracts, prediction markets, and yield strategies, alongside growing its team. The company, which is currently profitable, offers aggregated routing services for fintech, wallets, and trading platforms. With partners like Robinhood, Binance, and Kraken, LI.FI handles a monthly transaction volume of $8 billion. Its platform, often referred to as "encrypted Google Maps," facilitates cost-effective multi-chain transactions for businesses.