In a recent investment round led by Pantera Capital, decentralized exchange (DEX) Brine Fi secured $16.5 million at a valuation of $100 million. Notable participants included Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, and Protofund Ventures. This funding is significant amidst a decline in venture capital for digital asset firms. DEX trading volumes have also dropped during the crypto bear market, with Brine Fi offering a solution through its non-custodial, decentralized orderbook powered by Ethereum scaling system StarkWare, enabling privacy and high-speed trade execution.
Pantera Capital Leads $16.5M Investment in ZK-Powered DEX Brine Fi at $100M Valuation
