Key Points:
Barter, a DeFi liquidity solver, has closed $3 million in seed funding led by web3-focused venture capital firm Maven 11. Other contributors include luminaries like Lattice, Anagram, and DCG. The fund, founded in 2023, reportedly executes up to $20 million in on-chain transactions on EVM-compatible blockchains daily, addressing an important component in the DeFi ecosystem.
Barter intends to use the capital raised to expand its team, speed up research work, and further develop AppChain, its flagship DeFi product. AppChain links liquidity and order flow for fast and efficient settlement of trades. The innovative construction of the validator set on this platform ensures seamless matching and settlement of transactions, solving major pain points in decentralized trading, according to The Block.
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With the new $3 million in funding, Barter positions itself to further build on its AppChain technology to manage liquidity and order flow across numerous blockchains. This tool enables Barter to offer developers and users alike seamless on-chain trade settlement, smoothing their exposure to DeFi trading. The company has attracted over $20 million in daily transactions due to its innovative approach.
The co-founder of Barter emphasized the significance of the funding in the development of decentralized swap and trading research. In the bigger picture, tackling fragmented ecosystems' liquidity challenges places them at the center of the growth and success of DeFi platforms.
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