Solana-based DEX Orca has raised $18 million in investment | NFT Token

Solana-based DEX Orca has raised $18 million in investment

Orca, the Solana-based decentralized exchange (DEX), has raised $18 million in Series A funding led by Polychain, Three Arrows Capital and Placeholder. The team will use the funds to continue developing its automated market maker (AMM).

Other participants in the funding round include Coinbase Ventures, Jump Capital, Sino Global Capital and Solana Capital, Orca said Wednesday. Orca will use the infusion of funding to continue developing its automated market maker (AMM).

"Not only is Orca responsive and accessible, but it brings fun to financial management, with a fun experience, community and a broader values-based mission. Teams like Orca will make cryptocurrency mainstream and redefine the way we think about finance in our daily lives," says Placeholder partner Chris Berniske.