"Inception Raises $3.5M for Liquidity Hub, Boosting Sonic's DEX"

DeFi platform Inception completes $3.5 million seed funding round, with participation from Metazero Capital and others.

Inception, a leading provider of Layer 3 (L3) blockchain technology, has announced the completion of a $3.5 million seed funding round. The round was led by Metazero Capital, with participation from other investors. The funds will be used to support the development and growth of Inception's Liquidity Hub, which aggregates on-chain and off-chain liquidity for optimal DEX trading. The integration will also provide SwapX users with improved execution prices, higher capital efficiency, and safeguarding against miner extractable value (MEV) issues. The partnership further represents the first deployment of Liquidity Hub on the Sonic blockchain, which sports a high-performance EVM of 10,000 TPS and sub-second finality.

Orbs Liquidity Hub expands to Sonic’s leading DEX

SwapX is aiming for the position as the top DEX on Sonic, providing its liquidity providers with the best-ever liquidity management capabilities and seamless swaps of assets among users. The newly integrated Orbs’ Liquidity Hub improves liquidity pools for SwapX traders, offering better competitive pricing for swaps.

The Orbs Liquidity Hub is decentralized and modular, leveraging decentralized APIs and on-chain solver auctions. Professional traders and market makers can, therefore, compete in auctions to bid for swap requests, optimizing price discovery and improving execution. SwapX will source liquidity from beyond native pools, offering superior swap efficiency to customers. It will also benefit liquidity providers by improving capital utilization.

The product has already been deployed to ten blockchain ecosystems and includes among the major players the likes of Quickswap and THENA. The new release deploys Orbs’ adoption with cutting-edge trading solutions, integrating it into SwapX. This positions SwapX as a leading DeFi space with unmatched efficiency and security.

Digital Currency Group spins out new crypto mining subsidiary

Capital markets company Digital Currency Group (DCG) has spun out a new cryptocurrency mining subsidiary, Fortitude Mining. The new subsidiary will operate as a standalone mining business, previously part of Foundry, a decentralized mining and staking service. The financial details of the acquisition were not publicized. Fortitude Mining’s website