According to ChainCatcher, BeInCrypto reported that the derivative DEX ZKX based on Starknet and Ethereum announced the completion of a new round of strategic financing of US$7.6 million. This round of financing was participated by Flowdesk, GCR, DeWhales and previous investors Hashkey, Amber Group, Crypto.com, and StarkWare.
It is reported that the new funds will be used to accelerate the expansion of the ZKX protocol and introduce new features such as social copy trade pool and expand to cross-chain interoperability.
According to Web3 asset data platform RootData, ZKX is a permissionless derivatives protocol built on StarkNet, with a decentralized order book and a unique way to offer complex financial instruments as swaps. The protocol is powered by DAO and will provide a higher trading experience through gamified leaderboards and unique liquidity governance.
