According to Odaily, Zada Finance, a cross-rollup order book decentralized exchange (DEX) built on Scroll, has announced the completion of a new round of financing. The investment round saw participation from Cryptia Capital, NovaSeed Ventures, Pulse Capital, Axium Partners, Digitata Capital, and Hivemind Ventures. However, the specific amount of funding and valuation details have not been disclosed.
The newly acquired funds will be utilized to transition Zada Finance from an automated market maker (AMM) DEX to an order book model. Additionally, the company plans to explore Layer 3 solutions and account abstraction to enhance user experience. The primary goal is to aggregate liquidity across different rollups and address fragmentation issues through cross-rollup solutions.