Atlas DEX Completes $6M Funding Round Led By Jump Capital
The platform is designed to provide a seamless experience when trading any assets across multiple blockchains.
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Atlas DEX — a Solana based cross-chain decentralized exchange aggregator — has announced its fundraise of $6M led by Jump Capital. The funding round also has participation from Huobi Ventures, Genesis Block Ventures, Solidity Ventures, Genblock Capital, 3Commas Capital, Solar Eco Fund, Momentum 6, GSR, 0xVentures, Bixin Ventures, AU21, and Paramount Capital.
Atlas DEX is Helping to Unlock Cross-Chain Interoperability.
The platform is designed to provide a seamless experience when trading any assets across multiple blockchains. Atlas DEX splits trades across cross-chain liquidity pools to access the best price and minimizes slippage for users. At launch, users will be able to trade tokens on Solana, Binance Smart Chain, Ethereum and Polygon.
Ahmed Salam, Founder of Atlas DEX, mentioned:
“We believe the future of DeFi is multichain and user-centric. That’s why Atlas DEX is so valuable to users, because it delivers automatic trade execution across multiple chains at the best prices.”
Evans Huangfu, Senior Investment Manager at Huobi Ventures, said:
“The 1st Generation DEXes offered an alternative to CEXes, but the marketplace is still fragmented. We believe Atlas DEX has cutting-edge technologies to bridge all blockchain ecosystems, realize the interoperability of assets on public chains, and help users complete the conversion and transfer of assets under a safe environment.”
Saurabh Sharma, General Partner at Jump Capital, added:
“As the DeFi ecosystem grows, cross-chain interoperability becomes increasingly important to end users. We’re impressed at how Atlas DEX uses trusted technology and its intuitive user experience to simplify the complexities of cross-chain connectivity and reduce barriers for users.”
Atlas DEX has garnered strong support from the DeFi community and other key stakeholders. The platform plans to further integrate leading blockchains and develop new products such as an all-in-one DeFi dashboard, its own liquidity pools and an NFT marketplace.