Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called, a protocol that allows traders to access margin in a decentralized fashion. Mrgn Labs disclosed that the funding round was co-led by Multicoin Capital and Pantera Capital. Furthermore, Solana Ventures and Sino Global Capital participated in the fundraising as well.
, which allows people to swap tokens with up to 5x leverage. Metrics show the total value locked in Marginswap today is $4,604,514 across BSC , Ethereum, Avalanche, and Polygon.
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