Summary
- Liquid said it raised $7.6 million in seed funding.
- The investment round was led by Paradigm, and several venture capital firms participated.
- Liquid said it plans to use the funds for technology development to improve multi-chain integration and trading efficiency.
Liquid, a decentralized exchange (DEX) aggregator, has raised $7.6 million in seed funding.
On the 3rd (local time), according to cryptoasset (cryptocurrency) specialized media The Block, the investment round was led by Paradigm, with several venture capital firms, including General Catalyst, participating.
Liquid is a DEX aggregator that integrates liquidity across multiple blockchain networks to provide optimal trading routes; users can trade assets from various networks such as Ethereum (ETH), Solana (SOL), Avalanche (AVAX) through a single interface.
The company plans to use the funding to accelerate multi-chain integration and focus on developing its own routing engine and fee-optimization algorithms to improve trading efficiency.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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