Cardano-Based Ecosystem Builder AdaSwap Adds $2.6M

AdaSwap, an ecosystem builder developing Cardano’s first-ever native automated market maker (AMM) decentralized exchange (DEX), has completed its private funding round, raising $2.6 million from a consortium of investors. According to the AdaSwap team, this fresh capital injection will help accelerate the development of the AMM DEX. Led by prominent venture capital firm iAngel, this funding round featured participation from leading firms like Banter Capital, Coti, Efficient Frontier, Finova, GBV, Pluto Digital, Shima Capital, and Stardust as well as angel investors like Hollywood actress and producer Gal Gadot and producer Jaron Varsano.