PANews reported on May 22 that Perp DEX and PopDEX have announced the completion of a $30 million funding round, led by Foresight Ventures. The team stated that the funding will be used to inject initial liquidity into the project, improve trading depth and capital efficiency, accelerate product development, and expand the team and market.

PopDEX is described as a decentralized perpetual contract trading platform centered on traders, focusing on capital efficiency, trading experience, and value distribution mechanisms. It aims to build an on-chain derivatives trading platform driven by real trading contributions. PopDEX is currently in its internal testing phase.