Soneium’s AI-Powered DEX, SONEX, Raises $1 Million in Seed Funding: Here’s the Scoop!

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Get ready for some exciting news in the world of decentralized finance (DeFi)! SONEX, the AI-powered DEX built on the Soneium blockchain, has just completed its seed funding round. And boy, oh boy, did they rake in the dough!

In just 60 days, SONEX managed to secure a cool $1 million from a group of highly reputable venture capitalists (VCs). Not too shabby, eh?

The round was co-led by Outliers Fund, with other big-name VCs like Baboon VC, Taisu Ventures, Nonagon Capital, Flow Traders, Gate Ventures, and Lootex also joining in on the fun. And let’s not forget about the mysterious lead investor who decided to remain anonymous. Talk about a dramatic flair!

Kai, the CEO of SONEX, had this to say about the successful fundraising: “We’re not just upgrading technology here—we’re strategically evolving the DeFi space by integrating AI-driven agents into the trading ecosystem. It’s about empowering our users to make better decisions and have a more dynamic trading experience. And with the support of our investors, we’re thrilled to lead the charge in making decentralized finance more accessible.”

So, what’s the plan for all that moolah? SONEX will use the funds to enhance its technical infrastructure, add advanced features like derivatives trading and peer-to-peer trading pools, and beef up security measures to protect user assets and data. They’ll also expand operational capacity to keep up with the growing demand from users. Fair enough!

But that’s not all! SONEX is also planning to bring AI agents to the on-chain trading segment. Yes, you read that right. Autonomous, AI-powered software that manages on-chain wallets and pursues objectives independently. Mind = blown!

Poseidon Ho, founding partner and CEO of Outliers Fund, had this to say about his latest portfolio company: “We’re proud to be early believers in SONEX’s vision, pushing the boundaries of DeFi innovations.”

So, there you have it, folks! SONEX is making waves in the DeFi space, and we can’t wait to see what they do next. Stay tuned!

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2025-01-21 17:14