DX25 Raises $750K Seed Funding For Advanced MultiversX-Based DEX

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Schwarzenbach, Switzerland, 2nd March, 2023, Chainwire

DX25 Labs has raised $750K in seed funding for its upcoming MultiversX-based decentralized exchange (DEX). The DX25 litepaper has been published as the platform prepares to launch its public testnet in Q2 2023.

Developed by Tacans Labs, the DeFi builder arm of Switzerland-based Tacans AG, DX25 is an advanced single-sided liquidity DEX built on the MultiversX blockchain. It will offer users an intuitive, easy-to-use interface with features such as concentrated liquidity, multiple fee levels, true margin and derivatives trading, and more.

The platform will leverage the benefits offered by the MultiversX ecosystem including low transaction cost, scalable infrastructure and environmentally conscious infrastructure to offer a radically different trading experience to users of the MultiversX ecosystem.

“We have developed a truly unique trading solution, setting DX25 apart from other DEXes in the crypto ecosystem. MultiversX offers a myriad of benefits and its focus on carbon neutrality drew us to develop on the blockchain. We’ve set out to develop a platform that offers users a comprehensive suite of powerful features without complicating the overall user experience” said Mathias Lundoe Nielsen, Chief Executive Officer of DX25 Labs

DX25 Labs currently has a team of over 40 staff dedicated to developing and marketing the platform. The team is led by award-winning Danish entrepreneur, Mathias Lundoe Nielsen as Chief Executive Officer, with James Davies, a TradFi and DeFi veteran serving as its Chief Product Officer. They’re joined