• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Wiki Finance EXPO, Singapore (May 27, 2023)
    • Radical Finance, Hong Kong & Shenzhen (May 29-30, 2023)
    • Money 20/20, Amsterdam (June 6-8, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • FinTech Festival Asia, Thailand (September 27-28, 2023)
    • European Blockchain Convention, Barcelona (October 24-26, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Radical Finance Asia on May 29-30, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Econia Labs Secures $6.5M in Seed Funding to Revolutionize Decentralized Trading on the Aptos Blockchain

March 31, 2023 By Crypto Reporter PR

Econia Labs, the company pioneering a high-performance order book protocol for the Aptos blockchain, has secured $6.5 million in seed funding. The investment round was led by Dragonfly, with participation from Lightspeed Faction, Wintermute Ventures, Hudson River Trading, Flow Traders, Aptos Labs, and others.

The Econia protocol offers a fully on-chain settlement layer designed for maximum capital efficiency. Built on the Aptos blockchain and in close collaboration with the Aptos Labs core team, Econia enables integrations for a host of applications, ranging from spot trading to leveraged perpetual futures.

“We recognize significant utility in a blockchain-based order book that empowers integrating protocols to efficiently utilize capital on-chain,” said Alex, CEO of Econia Labs. “Our goal is to support an extensive trading ecosystem that leverages the Move programming language and Aptos’ Block-STM execution engine, and being backed by these notable investors is a major step in that direction.”

Kadin Donohoe, who led the investment at Dragonfly commented, “Amidst continued turbulence for CEXs, the need for decentralized order books is clear. Econia Labs has leveraged Aptos’s architecture to support atomic matching on-chain, and we are proud to support their vision for transparent, open markets.”

Econia Labs’ website is at econialabs.com and their official Twitter account is @EconiaLabs.

About
Econia Labs is building a cutting-edge, hyper-parallelized on-chain order book for the Aptos blockchain. Crafted to deliver unparalleled performance at web-scale, Econia harnesses the power of Aptos’ Block-STM execution engine for unrivaled performance and seamless composability. Serving as a foundational settlement layer, Econia paves the way for a diverse array of DeFi applications to flourish on its robust platform.

Filed Under: Press Releases

Primary Sidebar

Follow Us

Press Releases

Solid Ascent: TMS Network (TMSN) Climbs as Render Token (RNDR) and Monero (XMR) Lag Behind

May 30, 2023

XRP Price Up 10%, Litecoin (LTC) and Tradecurve (TCRV) Tipped for Larger Gains

May 30, 2023

TMS Network (TMSN) Writes Epic Crypto Saga, Filecoin (FIL) And Arbitrum (ARB) Just Footnotes

May 29, 2023

5 Reasons Why Bitcoin Could Reach $100,000 in 2024

May 29, 2023

Tradecurve Will Surpass Meme Coins Like Baby Doge Coin (BabyDoge) And Shiba Inu (SHIB) In 2023

May 29, 2023

Radical Finance 2023 Asia

Money 20/20

WFIS 2023

NFT Show Europe 2023

CyFrica 2023

Blockchain Expo Europe 2023

Fintech Festival Asia 2023

European Blockchain Convention 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter