Atlas DEX — a cross-chain decentralized exchange aggregator built on Solana — has announced its fundraise of $6M. The private funding round was led by Jump Capital also had participation from Huobi Ventures, Genesis Block Ventures, Solidity Ventures, Genblock Capital, 3Commas Capital, Solar Eco Fund, Momentum 6, GSR, 0xVentures, Bixin Ventures, AU21, and Paramount Capital.
Atlas DEX is designed for users to have a seamless trading experience when trading any assets across multiple blockchains. The platform uses cross-chain liquidity pools to access the best price and minimizes slippage for users. For their cross-chain DEX mainnet launch, users will be able to trade tokens on Solana, Binance Smart Chain, Ethereum and Polygon.
“We believe the future of DeFi is multichain and user-centric. That’s why Atlas DEX is so valuable to users, because it delivers automatic trade execution across multiple chains at the best prices” says Ahmed Salam, Founder of Atlas DEX.
Evans Huangfu, Senior Investment Manager at Huobi Ventures, commented:
“The 1st Generation DEXes offered an alternative to CEXes, but the marketplace is still fragmented. We believe Atlas DEX has cutting-edge technologies to bridge all blockchain ecosystems, realize the interoperability of assets on public chains, and help users complete the conversion and transfer of assets under a safe environment.”
Saurabh Sharma, General Partner at Jump Capital, commented:
“As the DeFi ecosystem grows, cross-chain interoperability becomes increasingly important to end users. We’re impressed at how Atlas DEX uses trusted technology and its intuitive user experience to simplify the complexities of cross-chain connectivity and reduce barriers for users.”
Atlas DEX is pioneering cross-chain interoperability and has seen strong support from the DeFi community and other key stakeholders. The platform plans to further integrate leading blockchains and develop new products such as an all-in-one DeFi dashboard, its own liquidity pools and an NFT marketplace.