Solana-Powered Defi Platform Orca Raises $18 Million — AMM Commands Over $300 Million TVL

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.

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Solana’s Orca Gets an $18 aumento de capital millonario

El miércoles, the Solana-based decentralized finance (definitivamente) 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 the go-to swap for the Solana ecosystem.”

Solana (SOL) has seen a massive increase in value gaining roughly 5,184% en 12 meses. The Solana protocol has attracted the development of all kinds of defi projects. Defi projects like Serum, Solaris, Parrot, Solrise, Dexlab, Senswap, Spiderswap, Solend, Port, Sypool, Solanax, Hydraswap, y más.

En el momento de escribir, the Orca defi protocol has $300 million total-value locked (TVL) into the platform. Orca details that the $18 million in financing stems from Three Arrows, Polychain, and Placeholder as the co-leads. Participation also came from firms like Defiance, Zee Prime, Empresas Coinbase, Solana Capital, Jump Capital, Sino Global Capital, and Collab & Divisa.

“Not only is Orca responsive and affordable, but it is finance made fun, with a cheery experience, comunidad, and broader values-based mission,” Placeholder partner Chris Burniske said during the announcement. “It’s teams like Orca that will bring crypto to the mainstream and redefine how we think of finance in our everyday lives.”

Orca launched in February 2021, by the Yutaro Mori y Grace “Ori” Kwan and the project started with no outside funding. “Since then, we’ve expanded the core team to 8, spanning three continents, broad professional experience, and many hobbies,” the Orca team said.

Three Arrows Executive: ‘Orca’s AMM Is a Critical Addition to the Solana Ecosystem’

The automated market maker (AMM) also has a native token called ORCA which is used for trading fees and liquidity pools on Aquafarms. kyle davies, the co-founder of Three Arrows believes a Solana AMM like Orca is needed.

“Orca’s AMM is a critical addition to the Solana ecosystem,” Davies remarked. “We are excited by the strength of the team, performance, and their community-focused mission,"Añadió.

While Solana has seen significant gains in 2021 and is now the seventh-largest crypto asset in terms of market cap, la red suffered an outage en septiembre 14, 2021. Solana users were not pleased with the situation and following the aftermath, the Solana project team published an official entrada en el blog that discusses the outage in-depth with a detailed timeline of the events.

What do you think about the Solana-based dex platform and AMM Orca raising $18 million from investors? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..

Etiquetas en esta historia
$300 Million TVL, 18 millón, Empresas Coinbase, Collab & Divisa, DeFi, defi app, Defiance, Jump Capital, kyle davies, Orca, Orca AMM, Orca Defi, Orca Dex, Sino Global Capital, Solana, Solana (SOL), Solana Capital, Solana Outage, permutas, Three Arrows, Zee Prime

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