Pantera Capital Leads $2.6M Seed Round for DEX Protocol Injective
The protocol, incubated by Binance Labs, sets out to solve some of the issues facing users of decentralized exchanges.
Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.
Only two decentralized exchange protocols reported a drop in volume during August.
The exchange now supports nearly 10 times more pairs than Binance.
Uniswap reported more than $1.76 billion in monthly volume as of Wednesday.
Uniswap reported 41% of July’s decentralized exchange volume.