Solana Ecosystem DEX Fermi Labs Completes $1.2 Million Pre-Seed Round of Financing

Solana's ecological DEX Fermi Labs announced the completion of a $1.2 million Pre-Seed round of financing, with Equilibrium and Big Brain Holdings leading the investment. Angel investors such as Ashwath Balakrishnan, head of Delphi Digital consulting, and Robert Chen, CEO of blockchain security audit company OtterSec, also participated. The new funds will be used to build a scalable and capital-efficient order book DEX on Solana. In addition, the Solana Foundation has provided the company with a development grant, the specific amount of which has not been disclosed.