Decentralized exchange Brine Fi has raised $16.5 million at a valuation of $100 million in an investment round led by Pantera Capital, with participation from Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures, and others.
Brine Fi, powered by the Ethereum scaling system StarkWare, is a non-custodial, decentralized order book that allows privacy for trading positions via so-called zero-knowledge proofs.
According to DefiLlama data, volumes on DEXs have dropped sharply after a brief period of growth this spring, recently averaging at just above $1 billion per day. Cryptocurrency and blockchain startups received 76% less investment in Q2 2023 than in the same period a year ago, according to Crunchbase.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
DEX
Fund Raising
Pantera Capital
