According to PANews on June 17, official sources reported that Defx, a Layer 1 blockchain project focused on privacy for specialized trading, has completed a $2.5 million seed round funding. Investors include Pantera Capital, CMT Digital, gumi Cryptos Capital (gCC), Baboon VC, CoinShares Ventures, Robot Ventures, Cadenza, as well as Polygon co-founder Sandeep Nailwal and Liminal founder Mahin Gupta.
According to the introduction, Defx is a decentralized exchange based on a Layer 1 blockchain optimized for high-performance perpetual contract trading. In a private "dark pool" execution environment, order information is encrypted using zero-knowledge proof technology while ensuring on-chain verifiability.
