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
Learn more about Merkle Trade: ➡️ here
