, the trailblazing Automated Market Maker platform for runes on Bitcoin, is thrilled to announce the successful closure of its US$2 million seed investment round. This crucial funding milestone has garnered support from prominent blockchain investors, including Kenetic Capital, Mechanism Capital, Auros Ventures, Future Fund and Boosty Labs.
Jehan Chu, Founder of Kenetic Capital, emphasized the innovative aspects of the platform: “Runes Dex is poised to set an explosive pace for the entire ecosystem with their novel AMM and liquidity solutions, helping Runes revolutionize how Bitcoin is seen by the world.” Pascal Gautier, CEO & Chairman at Ledger, expressed his excitement over recent Bitcoin protocol developments: “Runes DEX is an exciting development happening in the Bitcoin DeFi ecosystem. I am personally really interested about the application layer built on top of L1 protocols and particularly on Bitcoin. You'll need to own your private keys to interact with L2s and the protocol application layer. If not self-custody, why crypto? More power to the user. More power to decentralization.
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