Solana raises $40 million in strategic investments from OKEx, MXC exchanges
Over 50 market-ready projects have launched on Solana over the past month. The new capital infusion will help accelerate the growth and development of key projects. The Solana Foundation, the grants program behind the Solana high-performance blockchain, has inked partnerships with cryptocurrency exchanges OKEx and MXC to launch two strategic investment funds designed to fuel the ecosystem’s expansion. The two funds, which are collectively valued at $40 million, will help Solana bring more of its decentralized applications and protocols to market. Anatoly Yakovenko, president of the Solana....
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.”
Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million
While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps, decentralized....
On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a....
The decentralized exchange (dex) platform Orca has announced the platform has raised $18 million in a Series A financing round with Polychain, Placeholder, and Three Arrows co-leading the funding. The dex platform is a Solana-based project that aims to be the “go-to swap” platform for Solana.
Solana’s Orca Gets an $18 Million Capital Raise
On Wednesday, the Solana-based decentralized finance (defi) service Orca revealed the team has raised $18 million in a Series A funding round. The investment, Orca says, will “jumpstart our path toward making Orca....
A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures.
P2E Organization Avocado Guild Raises $18 Million From Strategic Investors
According to an announcement from Avocado Guild on Wednesday, the organization raised $18 million from strategic investors. The capital raise stemmed from the firm’s Series A funding round which....
On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value.
Solana Web3 Wallet Phantom Raises $109 Million
The Phantom wallet team has raised $109 million in a Series B financing round according to the firm’s recent blog post. Furthermore, Phantom also launched the Solana wallet’s iOS version for Apple smartphone users. According to the announcement, the $109 Series B was led by Paradigm. Additionally, Jump....