The DeFi application layer Rujira has completed a $7 million financing

ChainCatcher news, the DeFi application layer Rujira stated in its official blog: "Rujira has successfully raised $7 million from a group of early investors who engaged shortly after the merger announcement. With this funding, we are capable of executing our plans without the need for additional capital at this time. In the future, if necessary, we will be able to obtain additional funds through over-the-counter transactions to further support the development of Rujira. The completion of this round of financing also clears a key hurdle for the RUJI TGE, which is currently expected to take place in February next year. As always, this timeline is for reference only and may be subject to change."

According to the Web3 asset data platform RootData, Rujira is a powerful application layer on THORChain, integrating DeFi tools and dapp suites, benefiting from a strong liquidity ecosystem and significant trading volume. It is driven by a partnership between Kujira, Levana, and THORChain, known as the Rujira Alliance.