Defx Project Introduction, Team, Financing and News

Performances

RD Popularity Index

2827.27% (24h)

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Project Rank: 4021/15432

RD Growth Index

1800.50% (24h)

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Project Rank: 3190/15432

Comparison

Team

Darshan Bathija

Co-Founder

Related News

Jun 18, 2025

Layer 1 blockchain project Defx has completed a $2.5 million seed round financing, with participation from Pantera Capital and others

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People

About Defx

Details

Defx is a decentralized perpetual contract exchange built on its own L1 blockchain, using zk technology to protect trading privacy and supporting cross-chain asset deposits as margin. Users can trade cryptocurrencies, forex, and other assets with up to 50x leverage, using BTC, ETH, SOL, stablecoins, and LSTs as collateral. Its core liquidity engine (DLE) provides depth through active market-making strategies and issues yield-bearing tokens (e.g., dlpUSDC) for users to deposit USDC and earn returns. Withdrawals use an asynchronous queue mechanism to ensure stable strategy operation.

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Founded:

2023

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