April 18, 2024
Thruster Finance, a decentralized exchange on Ethereum's Layer 2 storage platform called Blast, has raised $7.5 million in seed funding. The funding round was led by Pantera Capital and included investments from OKX Ventures, Mirana Ventures, Paradise Capital, Manifold Ventures, and Arche Fund. With this funding, Thruster Finance's valuation is now estimated at $70 million.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Thruster Finance | Apr 18, 2024 | $7.5m | Seed | $7.5m | Pantera Capital | Exchange |
Thruster Finance utilizes Blast for layer two on Ethereum, ensuring deep liquidity and optimized market prices. The platform boasts over 100,000 active users and has achieved $2 billion in trading volume, reflecting its robust activity and market trust. The design of Thruster Finance is tailored to provide high returns and reliable services, catering specifically to user needs.
Looking to the future, Thruster Finance plans to expand its platform, enhance the user experience, and increase its engineering crew. The company aims to integrate its products with other DeFi protocols, which will boost its market presence and liquidity.
Thruster Finance is focused on revolutionizing the DeFi space by leveraging its deep liquidity and user-centric design to offer high returns and dependable services. This approach positions the company to influence the broader DeFi ecosystem significantly.
About Thruster Finance
Thruster Finance is a decentralized exchange that provides high returns and reliable services for DeFi users. Built on Ethereum's Layer 2 storage platform, Blast, It offers deep liquidity and optimized market prices.
Website: https://www.thruster.finance/
X Account: @ThrusterFi
X Followers today: 90,700
X Followers 30 days ago: 85,739
X Follower change: 4,961 (+5.8%)
About Investor
Investor: Pantera Capital
Description: Pantera Capital is a venture capital firm supporting innovative blockchain and cryptocurrency projects.
Location: United States
Website: https://panteracapital.com/
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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