"Defi.app Raises $4M, Launches 'SuperApp' to Challenge Centralized Exchanges"

Defi.app, a decentralized finance (DeFi) platform, has completed a $4 million funding round and launched its 'SuperApp' as an alternative to centralized exchanges. The beta version of the all-in-one decentralized application went live on Thursday, following the successful funding round that included participation from DCF Capital Partners, Balaji Srinivasan, and Pentoshi, with Mechanism Capital being a major investor.

The latest funding round brings Defi.app's total financing to $6 million, following a $2 million seed funding round last year. The platform aims to provide a user-friendly alternative to traditional centralized exchanges, offering a range of decentralized services through its SuperApp.

The beta launch of Defi.app allows users to access the DeFi world in a simple and intuitive way. The mobile and web application, including an iPhone version, enables users to buy ETH with fiat currencies, swap tokens, and swap EVM to Solana with no gas fees. The application is built by a team of 25 developers from Lyft and Robinhood, and incorporates components of Artificial Intelligence (AI). Users can access an AI Agent named Jarvis, which helps manage their crypto portfolio and find the best prices for buying and selling cryptocurrencies.

The success of Defi.app is still uncertain, as it seeks to challenge established centralized exchanges such as Coinbase and Binance. However, its focus on simplifying decentralized services may appeal to users looking for a more accessible and user-friendly DeFi experience.