$3M for DEXTools’ PerpTools from DEXForce and Orderly
European developers are enhancing decentralized finance (DeFi) with innovative tools that aim to consolidate user experience and broaden market access. The introduction of PerpTools, an on-chain perpetual futures trading platform, by the creators of the popular DEXTools analytics suite signifies a strategic move to integrate complex trading functionalities directly into existing user interfaces. This development is supported by a $3 million seed funding round, underscoring investor confidence in the growing DeFi infrastructure within Europe. PerpTools is built upon the Orderly liquidity layer and is seamlessly integrated within the DEXTools environment, which boasts over 30 million active users. This integration eliminates the need for users to navigate separate platforms or accounts for perpetual futures trading, offering a unified experience. The platform's development expands the DEXTools ecosystem beyond its current analytics, AI features, and prediction markets, now incorporating sophisticated derivatives trading capabilities. This consolidation directly impacts millions of DeFi users by streamlining access to advanced trading instruments. By merging powerful analytics with Orderly's liquidity infrastructure, PerpTools aims to foster the growth of decentralized derivatives markets, reinforcing Europe's position in building its own digital financial infrastructure. Future enhancements are planned, including advanced analytics and automated trading strategies, further solidifying the platform's utility and potentially driving wider adoption of European-developed DeFi solutions.
Curated and translated by Europe Digital for our multilingual European audience.
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