Layer 1 project Defx has successfully closed a $2.5 million seed funding round, attracting investments from notable firms including Pantera Capital, CMT Digital, and gumi Cryptos Capital. Additional participants in the round were Baboon VC, CoinShares Ventures, Robot Ventures, and Polygon co-founder Sandeep Nailwal. The capital will be used to advance the development of Defx's decentralized exchange, which aims to enhance the efficiency of perpetual contract trading.
Defx Secures $2.5 Million in Seed Funding Led by Pantera Capital
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