Fenix Finance, a decentralized exchange operating on the Blast network, has successfully closed a $300,000 seed funding round. The investment was led by Orbs, a Layer 3 blockchain protocol, which will also serve as a technology partner for Fenix. The seed funding is earmarked for developing Fenix's unified trading and liquidity marketplace on the Blast network.
The seed funding is earmarked for developing Fenix's unified trading and liquidity marketplace on the Blast network. A key component of this development is the imminent deployment of the Fenix Liquidity Hub, which Orbs’ Layer 3 technology will power. This hub aims to provide Blast users with token swapping capabilities, optimizing price execution by combining on-chain and off-chain liquidity sources.
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