What information is available about Merkle Trade's recent fundraising of $3 million on the Aptos platform?
Answered on : 2024-01-24
Sources
Answer
1. Merkle Trade, a decentralized trading platform on Aptos, raised approximately $3 million in a recent funding round on the X platform[1].
2. The fundraising was part of a larger initiative, with Aptos Labs raising a total of around $400 million, showcasing substantial financial support for the Aptos ecosystem[1].
3. Notable figures in the Aptos DeFi space, including Merkle Trade, Aries Markets, and Amnis Finance, have contributed to the platform's growth, with Merkle Trade being a key player[3].
4. The interview with Ye, the co-founder of Merkle Trade, provides insights into the company's ambitions and position as a leading Perpetual DEX on Aptos[2].
**References:**
- [1] Aptos Analysis: Technology, Token Economics, Network
- [2] An Interview with Ye — Co-founder of Merkle Trade
- [3] Rahul Kulkarni - Exploring the DeFi State of Aptos
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