$5 Million Raised by Cardano Project deFIRE Ahead of IDO
deFIRE has netted $5 million in a recent round of private funding. The Cardano-based smart order routing platform will build momentum with this backing as it leads up to an initial DEX offering (IDO) through Occam.fi’s launchpad OccamRazer. The capital injection will aid in expanding infrastructure, hiring new staff, and increasing the functionality of the […]
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Many blockchains have gained traction in the world of decentralized finance. Although Cardano is not often mentioned in this context, that situation may come to change soon. Decentralized smart order routing engine deFIRE has completed its $5 million pre-IDO funding round. Building The Cardano DeFi landscape At its core, the Cardano ecosystem lends itself well […]
On July 14, IOHK, the Cardano network developers, announced the project’s latest testnet called Alonzo white has been deployed. IOHK detailed that it has onboarded new participants and the move will help the project move “closer to smart contracts.” Two days later, a Cardano-based project called Spores raised $2.3 million to build a non-fungible token (NFT) and decentralized finance (defi) marketplace. Cardano Launches Alonzo White This week the Cardano (ADA) network launched the project’s successful hard fork of the Alonzo Blue testnet to the Alonzo White node.....
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of CWAP, being available to trade on the 11th June 2021 at 10:00AM UTC. CWAP was created by the DeFire team, as the native currency which sets the ‘right’ economic incentives via its platform. CWAP will start trading with USDT and BTC pairs. What is DeFire? DeFire is an order router across decentralized execution venues, or in layman terms, a DEX aggregator. What does it all mean? DeFire provides optimal order execution across the universe of decentralized exchanges and other order routing services. In....
Ethereum Layer 2 network “Base” has surpassed Cardano in terms of Total Value Locked (TVL) in just two weeks after its official launch, despite Cardano experiencing a multi-year head start in growth and development. Base TVL And Trading Volume Rises Above Cardano Presently, Cardano is facing criticism from users due to its TVL falling below that of the newly launched project “Base” built by Coinbase. One individual who has publicly criticized the project is Evan Van Ness, a Consensys member and Ethereum advocate. Van Ness took to his X (formerly Twitter) account which boasts....
Revuto, a subscription management service accepting crypto payments, has raised $1.7 million in a private sale. The round was led by BlackDragon VC and included a series of angel investors who contributed to the haul over the space of a week. Revuto is now preparing for a launch on Cardano as the first dApp to […]