Cosmos ecosystem crypto trading platform Elys Network completes $2.5 million seed round financing, with participation from Kahuna and others.

the Cosmos ecosystem crypto trading platform Elys Network has announced the completion of a $2.5 million seed round financing, with participation from Comma3 Ventures, Cogitent Ventures, Persistence One, and Kahuna, among others. The valuation details have not been disclosed.

According to the Web3 asset data platform RootData, Elys Network is a decentralized perpetual trading and leveraged lending platform based on oracles, featuring an ETF-style multi-asset index pool. Its characteristics include high scalability, interoperability, and security, with high TPS and low transaction fees. Elys Network aims to become the PerpDex of Cosmos Hub and an integrated Defi consumption chain.