December 31, 2024
Hyperfluid, a hybrid orderbook AMM decentralized exchange (DEX) built on the Aptos blockchain, has completed a pre-seed funding round, securing investments from Ankaa Labs and BlockBooster. As a fully on-chain trading platform, Hyperfluid aims to reshape the decentralized finance (DeFi) landscape by offering enhanced liquidity and a more efficient trading experience. This funding will support the platform's continued development and expansion.
Hyperfluid leverages its hybrid architecture to merge the benefits of traditional orderbooks with the decentralized advantages of automated market makers (AMMs). The project is focused on optimizing the trading experience for users on the Aptos blockchain, a network known for its scalability and fast transaction speeds. The platform is positioned to provide liquidity solutions tailored to the needs of the growing Aptos ecosystem, with a focus on improving user interaction with DeFi protocols.
The pre-seed funding is led by Ankaa Labs, a Web3 accelerator launched by Aptos, OKX Ventures, and Alcove Pro, and BlockBooster, an Asian Web3 venture studio supported by OKX Ventures. Both investors have a strong presence in the Web3 space and are focused on backing blockchain-based solutions. With these partnerships in place, Hyperfluid is poised to play a pivotal role in the future of DeFi on the Aptos blockchain.
About Hyperfluid
Hyperfluid is a hybrid orderbook AMM DEX on the Aptos blockchain, combining traditional orderbooks with AMM features to enhance liquidity. It aims to provide an efficient trading experience for users and institutions, advancing DeFi on Aptos.
Website: https://hyperfluid.xyz/
X: @Hyperfluidxyz
About Investors
Ankaa Labs
Ankaa Labs is a Web3 accelerator focused on fostering the growth of decentralized technologies. Launched by Aptos, OKX Ventures, and Alcove Pro, Ankaa Labs provides startups with critical resources to scale their blockchain-based solutions.
Website: https://ankaa.pro/
BlockBooster
BlockBooster is a Web3 venture studio backed by OKX Ventures and other prominent organizations in the blockchain space. The studio aims to support emerging blockchain projects and is committed to becoming a trusted partner for promising Web3 builders.
Location: Hong Kong
Website: https://www.blockbooster.io/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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