According to Deep Tide TechFlow, Meridian, a decentralized liquidity market and liquidity staking protocol built on Movement, has announced the completion of a $4 million seed funding round, led jointly by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. Following this funding, Meridian plans to expand its global team, actively recruiting talent in engineering, product, and marketing. The protocol is currently live on the testnet and plans to launch simultaneously on the Movement mainnet on its first day. Notably, compared to existing EVM and SVM solutions, the Move ecosystem currently accounts for only a small portion of on-chain liquidity and trading volume. Meridian aims to leverage the security and composability of the Move language to bridge this gap.

<div>
<p>According to TechFlow, Meridian, a decentralized liquidity market and liquid staking protocol built on Movement, has announced the completion of a $4 million seed round of financing, led jointly by ParaFi Capital and Borderless Capital, with participation from institutions such as Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures.
After securing this funding, Meridian plans to expand its global team, actively recruiting talent in engineering, product, and marketing fields. The protocol is currently live on the testnet and plans to launch concurrently on the Movement mainnet on the first day.</p>
<p>It is noteworthy that, compared to existing EVM and SVM solutions, the Move ecosystem currently accounts for only a small portion of on-chain liquidity and trading volume. Meridian plans to leverage the security and composability of the Move language to bridge this gap.</p>
</div>

The Move ecosystem's DeFi project Meridian has completed a $4 million seed round of financing, led by ParaFi Capital and Borderless Capital.