Zenlink Completes Series A Funding Led by Alameda Research
Zenlink, a cross-chain DEX protocol based on Polkadot, Secured Series A Funding led by Alameda Research and followed by IOSG Ventures, Hashkey Capital, OKEx Blockdream Ventures, Hypersphere Ventures, SNZ Holding, SevenX Ventures, DFG, TRG Capital, PAKA. The angel round investors HashKey Capital and IOSG Ventures continued to invest in this round.
Since completing its angel round of funding in September 2020, Zenlink has grown rapidly, delivered two rounds of Web3 Foundation Grants while steadily advancing its product development, and reached deep cooperation with 10+ quality projects, accumulating a good community base and solid implementation of Roadmap.
The funds raised in this round will continue to be invested in expanding development resources, driving integration, developer incentives, third-party security audits, and global market development to drive widespread adoption of Zenlink in the Polkadot ecosystem and prepare Zenlink for a successful launch and continued growth.
Zenlink’s vision is to create the ultimate, open, and universal cross-chain DEX protocol and a new generation of cross-chain trading network, enabling Polkadot developers to easily build DEX and provide users with an efficient and smooth trading experience. We believe that the continuous improvement of Polkadot infrastructure and the development of Zenlink will bring more connectivity and imagination to the Web3 world.
About Alameda Research
Alameda Research was founded in October 2017. We manage over $1 billion in digital assets and trade $1–10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. We have a full-scale global operation with the ability to trade on all major exchanges and markets.
About Zenlink
Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to become the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WSAM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.
