Riding the Rune Wave: Bitcoin’s DeFi Frontier Expands with a $2M Boost for Runes DEX

April 18th, 2024 — Runes DEX, a pioneering Automated Market Maker (AMM) platform for runes on the Bitcoin network, is delighted to announce the successful closure of a $2 million seed investment round. This crucial funding event attracted substantial support from leading blockchain investors, including Kenetic Capital, Mechanism Capital, Auros Ventures, Future Fund, and Boosty Labs. Esteemed industry veterans such as Pascal Gauthier, CEO of Ledger; 0xMaki, founder of SushiSwap; and AOI, founder of AOI.com, are backing this initiative.

As the inaugural AMM of its kind, Runes DEX ushers in a transformative market model to the Bitcoin ecosystem, blending finance with digital culture in novel ways. The platform not only enables fluid rune trading but also leads the way in incorporating meme-based tokens with its unique “Meme Casino” feature, further enriching its diverse offerings.

King of Runes, CEO of Runes DEX, shared their vision: “At Runes DEX, our goal is to define the benchmark for liquidity and trading solutions on Bitcoin, capitalizing on the network’s inherent security and extensive reach. At the heart of our mission is forging a community-centric ecosystem that not only streamlines trading but also democratizes access to financial tools for all, ushering in a new era of participation in the blockchain realm.”

Jehan Chu, Founder of Kenetic Capital, underscored the platform’s innovative qualities: “Runes DEX is…