Layer 1 blockchain project Defx completes $2.50 million seed round financing, with participation from Pantera Capital and others.

ChainCatcher reports that the Layer 1 blockchain project Defx has completed a $2.50 million seed round of financing. Investors include Pantera Capital, CMT Digital, gumi Cryptos Capital (gCC), Baboon VC, CoinShares Ventures, Robot Ventures, and Polygon co-founder Sandeep Nailwal. The new funds are intended to support the development of a decentralized exchange optimized for perpetual contract trading.