Magpie Protocol, Swap Execution Engine, Raised $1.60M in a Public Sale Round

March 27, 2025

Magpie Protocol has completed a $1.6 million token sale on Fjord Foundry, drawing participation from more than 800 investors. The funding reflects the growing interest in decentralized finance (DeFi) solutions that facilitate cross-chain liquidity aggregation. The round was backed by various partners, including the Sonic Ecosystem, underscoring collaborative efforts within the DeFi sector.

The project enables users to swap assets across different blockchains without manually bridging funds. By aggregating liquidity from decentralized exchanges, Magpie Protocol aims to provide efficient trading with reduced slippage. This latest capital infusion follows previous funding initiatives and strategic partnerships, supporting the development of its cross-chain infrastructure. The platform’s native token, $FLY, will play a role in governance and utility within its ecosystem.

Following the raise, Magpie Protocol is preparing to introduce new features and integrations designed to enhance functionality and expand its user base. Further details on upcoming developments and the token’s utility will be shared soon.

About Magpie Protocol

Magpie Protocol is a cross-chain liquidity aggregator that facilitates token swaps across multiple blockchains without requiring users to bridge assets manually. By sourcing liquidity from decentralized exchanges, the protocol aims to improve efficiency, reduce costs, and mitigate risks associated with cross-chain transactions. Magpie Protocol focuses on enhancing interoperability within the DeFi ecosystem and broadening access to decentralized liquidity.

Website: https://magpieprotocol.io/

X: @magpieprotocol 

About Investor

Fjord Foundry

Fjord Foundry is a decentralized platform designed to help blockchain projects raise capital through liquidity bootstrapping pools (LBPs). By leveraging a fair and transparent token distribution mechanism, Fjord Foundry enables community participation in early-stage funding without relying on traditional venture capital.

Location: Fjord, Norway

Website: https://www.fjordfoundry.com/

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