PANews reported on June 17 that according to official news, Defx, a privacy-focused transaction-specific L1 blockchain project, completed a US$2.5 million seed round of financing. Pantera Capital, CMT Digital, gumi Cryptos Capital (gCC), Baboon VC, CoinShares Ventures, Robot Ventures, Cadenza, as well as Polygon co-founder Sandeep Nailwal and Liminal founder Mahin Gupta participated in the investment.

According to reports, Defx is a decentralized exchange based on a Layer 1 blockchain optimized for high-performance perpetual contract transactions. In the private "dark pool" execution environment, order information is encrypted using zero-knowledge proof technology, while ensuring on-chain verifiability.