Solana DEX Zeta Markets raises $5 million in token round

Solana DEX Zeta Markets has raised $5 million in a token round ahead of its token launch, airdrop and Solana Layer 2 rollup.

Zeta Markets, a Solana-based decentralized exchange for trading crypto perpetuals, has raised $5 million in a strategic funding round led by Electric Capital.

Zeta's new funding round comes nearly three and a half years after it raised $8.5 million in a round led by Jump Capital in December 2021. The new round brings Zeta's total funding to $13.5 million. "The goal is to have a high degree of customization and really tailor the infrastructure to a trading use-case to provide an experience that competes with centralized exchanges," he said. "This means more control over block space, congestion, fee markets, transaction latency, etc. By building this on Solana, as opposed to an isolated app chain, we strongly believe we can tap into the rapidly growing pool of TVL and liquidity that is flocking to Solana DeFi," he added.

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