Merkle Trade Announces a $2.1M Investment Round
Merkle Trade finalized a $2.1M investment round co-led by Hashed and Arrington Capital.
We are glad to be among the backers and support the project’s goal of developing an immersive and entertaining omnichain Perp DEX. The project has also received investment participation from Amber Group, Aptos Labs, DoraHacks, and others.
Powered by Pyth Network and LayerZero Labs, Merkle Trade is a highly efficient and secure decentralizing trading platform integrating leverage up to 1,000x with fun and social features characteristic of popular online and RPG games.
In just four months, Merkle Trade has catapulted to the top of the perp DEX market on Aptos, boasting a staggering 90K traders and over $5 billion in trading volume. It’s now a formidable player, ranking among the top 10 across decentralized derivatives platforms.
The funds raised will accelerate the platform’s gamifying and social aspects, including an in-app marketplace for NFT items, trading battles, and copy trading features.
Read the full announcement: ➡️ here
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and has a particularly strong focus on the MultiversX ecosystem.
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