Zeta Markets Secures $5M Strategic Investment
Zeta Markets celebrates a pivotal moment as it secures a $5M strategic investment, marking a significant step towards advancing its mission to redefine the DeFi landscape.
Zeta Markets achieves a significant milestone as it secures a $5M strategic funding round, boosting total funding to $13.5 million. Electric Capital leads the investment, with contributions from DACM, Airtree Ventures, Selini Capital, and notable angel investors including Anatoly Yakovenko of Solana, Mert Mumtaz of Helius, and Richard Wu of Tensor. The company expresses gratitude to investors, highlighting their excitement to collaborate with industry leaders and advance the boundaries of DeFi
A Journey of Resilience and Innovation
Originating from the second Solana hackathon in 2021, Zeta’s journey has been marked by resilience and innovation. Despite challenges like the 2022 bear market, the FTX collapse, and network obstacles, Zeta remains steadfast in its commitment to delivering an unparalleled trading experience. The company is dedicated to innovation, speed, simplicity, and security, ensuring they stay at the forefront of the rapidly evolving DeFi landscape.
Market Leadership and Vision for Growth
Zeta emerges as a frontrunner on Solana’s DEX leaderboard, boasting a market share exceeding 41%. Zeta, well-positioned for long-term success, has facilitated over 6 million trades and processed $6 billion in volume for over 100,000 wallets. The company aims to onboard a significant portion of the world’s traders, driven by a vision to build the ultimate perpetuals exchange free of compromises.
Accelerating Innovation and Expansion
The recent funding round serves as a catalyst for Zeta’s continued growth and innovation. It enables a ground-up DEX redesign, team expansion, and an enhanced go-to-market strategy. Moreover, the funds will support the development of the first DeFi Layer 2 (L2) on Solana, aimed at achieving the performance of a centralized exchange while upholding the security and self-custodial nature of a decentralized exchange. This strategic investment signifies a significant step forward in realizing Zeta’s vision and bringing their innovative solutions to fruition.
Zeta and Investor Voices
“We are thrilled to see the Zeta Markets team deepen their commitment to Solana with the unveiling of their ambitious L2 roadmap.” said Avichal Garg, Co-founder and General Partner of Electric Capital “We have seen firsthand their perseverance through the bear market and their commitment to the Solana ecosystem. The Zeta team’s focus on building high-quality, decentralized solutions that solve real problems for users has resulted in tremendous momentum this year. After launching, they have been 50% of perp volume on Solana for many days. We are proud to continue to support them as they broaden their vision beyond their successful DEX.” – said Avichal Garg, Co-founder and GP of Electric Capital
”We are incredibly grateful for the support of Electric Capital and our new investors who doubled down on our vision despite the uncertainty of the bear market. At Zeta Markets, our aim is to craft the ultimate one-stop trading platform, where users can benefit from the transparency of DeFi without having to sacrifice convenience and speed. This fundraise helps accelerate our current momentum and deliver an order of magnitude improvement via a ground-up redesign of our DEX.” said Tristan Frizza, Co-founder of Zeta Markets.
About Zeta
Zeta Markets is pioneering the development of the premier crypto perpetuals exchange, leveraging the power of Solana, the blockchain driving crypto mass adoption. Offering a fusion of unparalleled speed and user experience akin to centralized exchanges, Zeta stands out by ensuring full self-custody and transparency for users through its operation on the public blockchain network of Solana. This unique approach merges the efficiency of centralized platforms with the security and transparency inherent in decentralized systems, positioning Zeta as a trailblazer in the crypto exchange landscape.
SOURCE
https://blog.zeta.markets/zeta-markets-leverages-chainlink-price-feeds-to-secure-perpetuals-exchange-669937847e52
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