According to ChainCatcher, LayerPixel, a DeFi solution based on TON, announced the completion of a $2 million seed round of financing, led by Kenetic Capital, with participation from Foresight Ventures, Waterdrip Capital and others.

LayerPixel aims to provide one-stop DeFi services for Telegram Mini App developers. Its core products include TON chain's first Weighted-Pool decentralized trading platform PixelSwap, account abstraction wallet PixelWallet, and lightweight oracle Pixacle.

LayerPixel said that it will provide seamless API access and SDK integration in the future to help more developers enter the TON ecosystem.