Funding Round Success
Kinetex is proud to announce the successful completion of a $1 million funding round supported by Gnosis and Factor. This collaboration represents a crucial step for Kinetex in bringing their unique cross-chain trading solution to the market. The funding round has included strong institutional investment, enabling Kinetex to advance its innovative cross-chain trading approach, integrating zero-knowledge (Zk) technology.
Innovative Solutions
Kinetex is completing the testing phase for the Flash Trade mode, which will introduce a resolving-based approach to cross-chain trading. In this model, professional resolvers will compete to fulfill user orders, addressing various challenges present in cross-chain trading today, such as price slippages, high gas costs, long wait times, and more. Kinetex strives to empower crypto users by developing solutions that enable easy and efficient use of DeFi services globally.
About Kinetex
Kinetex is a cutting-edge blockchain technology company co-founded by Tigran Bolshoi and Mike Shishko in 2023. With the successful launch of Liquidity Aggregation and the Kinetex dApp, the company has already achieved significant milestones in revolutionizing cross-chain trading. Their commitment to open accessibility for the crypto community and the development of superior cross-chain solutions sets them apart in the blockchain industry.
Hot Take
Kinetex’s successful funding round and ongoing developments mark a significant milestone for the company. The integration of Zk technology and the introduction of the resolving-based approach to cross-chain trading demonstrate Kinetex’s commitment to delivering efficient and accessible DeFi solutions. As they continue to innovate and empower crypto users, Kinetex is poised to become a leader in the blockchain industry.
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