According to BlockBeats, Fenix Finance, a liquidity market on the Blast network, has successfully raised $300,000 in a seed funding round. The round was led by Orbs, a technology partner of Fenix. This investment will be used to build a unified trading and liquidity market for Fenix on the Blast network.
The investment from Orbs will strengthen its existing support for Fenix as a technology partner. Fenix has confirmed that it will immediately deploy the Fenix Liquidity Hub, which is supported by Orbs L3. This will allow Blast users to execute token exchanges at the best prices by combining on-chain and off-chain liquidity.
The seed funding will be instrumental in enhancing the capabilities of Fenix Finance and expanding its reach in the market. The immediate deployment of the Fenix Liquidity Hub is expected to provide a significant boost to the Blast network, enabling users to optimize their token exchanges.
