Ethereum

Cryptocurrency

Spartan

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Decentralized exchange Brine Fi has raised $16.5 million at a valuation of $100 million in an investment round led by <a target="_blank" href="https://tokeninsight.com/en/capitals/pantera-capital">Pantera Capital</a>, with participation from Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures, and others.
Brine Fi, powered by the Ethereum scaling system StarkWare, is a non-custodial, decentralized order book that allows privacy for trading positions via so-called zero-knowledge proofs.
According to DefiLlama data, volumes on DEXs have dropped sharply after a brief period of growth this spring, recently averaging at just above $1 billion per day. Cryptocurrency and blockchain startups received 76% less investment in Q2 2023 than in the same period a year ago, according to Crunchbase.
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Decentralized Exchange Brine Fi Raises $16.5 Million Led by Pantera Capital

TokenInsight

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