According to TechFlow, on July 26, 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, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club and dozens of angel investors.

LayerPixel aims to provide one-stop DeFi services for developers of Telegram Mini App. The core products of the platform include PixelSwap, the first Weighted-Pool decentralized trading platform of TON chain, PixelWallet, the account abstraction wallet, and Pixacle, a lightweight oracle. LayerPixel said that its products will also provide seamless API access and SDK integration in the future to help more developers enter the TON ecosystem.