According to ChainCatcher, Elys Network, a crypto trading platform in the Cosmos ecosystem, announced the completion of a $2.5 million seed round of financing, with participation from Comma3 Ventures, Cogitent Ventures, Persistence One, and Kahuna. The valuation has not yet been disclosed.
According to RootData, a Web3 asset data platform, Elys Network is a decentralized perpetual trading and leveraged lending platform based on oracles, with an ETF-style multi-asset index pool. Its features include being highly scalable, interoperable and secure, with high TPS and low transaction fees. Elys Network aims to become the PerpDex and integrated Defi consumer chain of Cosmos Hub.
