PANews reported on April 30th that Legend Trade, an on-chain trading competition platform, announced the completion of a $3.5 million seed round of financing, led by Electric Capital, with participation from Amber Group and GSR Markets LTD. Its total funding has now exceeded $5 million.

Legend Trade is described as a "trader-to-trader" on-chain derivatives platform where users compete against each other through perpetual contracts, with winners determined by price movements and trading performance. Within three weeks of its public beta test, the platform's trading volume exceeded $80 million. The project stated that Season 0 will launch next week.