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Solana’s Orca Secures $18 Million Fund With Polychain

Published 09/23/2021, 11:34 AM
Updated 09/23/2021, 12:00 PM
Solana’s Orca Secures $18 Million Fund With Polychain

  • Orca raised $18 million in a Series A funding round.
  • The investment will set their path toward making Orca the go-to swap for Solana.

Solana-Powered Defi platform Orca, raised $18 million in a Series A funding round.

The decentralized exchange (DEX) platform announced the news on Wednesday. Orca stresses that it secured $18 million in a Series A investment round with Polychain, Placeholder, and Three Arrows co-leading the funding.

According to the decentralized finance (DeFi) platform, the investment will jumpstart their path toward making Orca the go-to swap for the Solana ecosystem.

In addition, Orca stated that it has $300 million total-value locked (TVL) into the platform. Also, Orca noted that the $18 million in financing originates from well-known investors. This includes Polychain, Three Arrows, and Placeholder. Moreover, there were also other participants like Defiance,

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