Andre Cronje Raises Funds for High-Leverage On-Chain Trading Platform, Flying Tulip

Flying Tulip, a new decentralized exchange (DEX) built on the Sonic (S) layer-1 blockchain, has launched its first public fundraising round targeting US investment funds. Led by Andre Cronje, co-founder of Sonic Labs, the platform seeks to raise capital for yield generation strategies. 2025 marks a significant moment as Flying Tulip’s high-performance, on-chain DEX aims to compete with centralized exchanges.