Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round

Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round

1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion. 1inch Network....


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The funding round had backing from some of crypto’s biggest venture funds, which continue to bet big on the future of DeFi. Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and increase access to liquidity within the decentralized finance, or DeFi, market. The investment round vastly exceeded the initial target of $70 million amid active participation from leading venture funds, 1inch Network disclosed Wednesday. Crypto-finance unicorn Amber Group led the funding....

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