Narwhal Finance, a decentralized perpetual trading platform based on both Arbitrum and BNB Chain, closed a strategic funding round with a $25 million valuation. This round was funded by Animoca Ventures, Hailstone Ventures, and angel investors.
Narwhal Finance will use the raised funds to further enhance the social trading experience and decentralized leveraged trading experience on the platform. Meanwhile, Narwhal Finance has also announced its partnership with Pyth Network for its oracle services, and Wormhole for its token bridging services.
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