Web3 startup aPriori has secured a substantial $20 million funding round led by industry giants like Pantera and HashKey Capital. This investment will enable the company to expand its onchain high-frequency trading (HFT) infrastructure, specifically designed for decentralized finance (DeFi). 💰 The platform aims to address key inefficiencies in DeFi markets, such as large bid-ask spreads, miner extractable value (MEV) leakage, and toxic order flow. aPriori’s unique approach leverages proven HFT techniques to create a more efficient, liquid, and transparent trading environment for institutions.
This funding round follows the recent surge in investment interest for onchain market infrastructure. aPriori joins other pioneering players, like Theo (backed by Citadel, Jane Street, and JPMorgan) and Flying Tulip (focused on Sonic layer-1 blockchain), all seeking to enhance liquidity and transparency within DeFi markets. 🚀
The rising demand for onchain trading is fueled by institutional interest in tokenized private credit, which offers a significant average annual yield of 9.76% – exceeding traditional money market rates. 📈.
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