Kenetic Capital led the funding, which also included Digital Currency Group and Liberty City.
DeFi on Ethereum is costly and congested. Can other base layers step up? Polkadot's Reef Finance has raised $3.9 million to try.
Caspian, a project aimed at giving crypto traders better tools, has attracted $16 million in funding from top industry investors.
BlockFi, a startup that offers U.S. dollar loans to crypto-asset owners, has raised $1.55 million in capital from investors.