Narwhal Finance Closes Round of Funding at $25M Valuation
• Narwhal Finance, a decentralized dual-chain perpetual trading platform, has closed its strategic funding round with a $25 million valuation.
• The raised funds will be used to further enhance the social trading experience on the platform and provide an exceptional decentralized leveraged trading experience.
• Narwhal Finance has partnered with Pyth Network for its oracle services and Wormhole for its token bridging services.
Narwhal Finance Secures $25M Valuation
Narwhal Finance, a decentralized dual-chain perpetual trading platform operating on both Arbitrum and BNB Chain, has announced the completion of its strategic funding round with a $25 million valuation. Expressing deep gratitude to Animoca Ventures, Hailstone Ventures, and all angel investors for their support.
Funds To Enhance Social Trading Experience
The raised funds will be used to further enhance the social trading experience on the platform and provide an exceptional decentralized leveraged trading experience that is accessible to all. Traders maintain full custody over their funds at all times while liquidity providers earn USDT real yield from protocol revenue and fees as a counterparty. Trading on Narwhal Finance is further enhanced by features like token forums, copy trading vaults and livestreams.
Partnership For Oracle & Token Bridging Services
Narwhal Finance has also announced its partnership with Pyth Network for its oracle services, and Wormhole for its token bridging services, showcasing their commitment to growth and innovation. This partnership ensures that traders have access to up-to-date pricing information which allows them to make informed decisions when trading on the platform.
Inclusive Social Platform For All Traders
The platform strives to create an inclusive social platform to onboard novice and sophisticated traders alike by providing them with different monetization options to create a loyal community of traders. It facilitates leveraged trading for any assets on-chain using synthetic assets with up to 1000x leverage in order to simulate liquidity from top centralized exchanges at competitive rates.
Learn More About Narwhal’s Developments
Visit narwhal finance’s official website Twitter Medium or Telegram account in order learn more about the latest developments from Narwhal finance