Dubai-based venture capital firm Cypher Capital has announced the completion of a six-figure investment in MEV solution Wallchain, which will fuel Wallchain's Web3 research and development plans to grow revenue, launch new MEV solutions and provide users with Activate cashback. Foresight News previously reported that in December 2022, Wallchain won the first prize of the BNB Chain European Innovation Incubator Project, which can provide short-term and long-term protection for individuals and prevent miners from using unfair practices to obtain arbitrage profits from DeFi transactions.