bloXroute Labs Attracts $70 Million to Develop High-frequency DeFi
Main page News, DeFi
Hot topic
13 April

bloXroute Labs project has recently completed a $70 million Series B funding round led by SoftBank Vision Fund 2. According to the company, the funds will be used to improve high-frequency trading in DeFi.

Other participants in the funding round include Dragonfly Capital, ParaFi Capital, Lightspeed Venture Partners, GSR, Jane Street, Flow Traders, RBF Capital and others.

Notably, the company has raised a total of $95 million.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

As reported by the project, it will use the funds to increase the staff from the current 30 to 100.

The BackRunMe solution enables users to conduct confidential transactions resistant to front-running and sandwich attacks. Users are able to avoid network congestion and quickly receive important trading information, such as market orders.

bloXroute CEO Uri Klarman has said:

"DeFi is peer-to-peer. You need to be connected with everyone because critical information — prices, position, arbitrage opportunities — can come from everywhere. This is where BloXroute comes in. We propagate DeFi information almost at the speed of light, allowing our users to make better trades."

Read also:
Please describe the error