Reading Time: 2min read Mar 3, 2021 – Polkadex, the decentralized exchange (DEX) built for Web3 and decentralized finance (DeFi), has raised $3 million in seed and private investment rounds from LD Capital, Kenetic Capital, NGC Ventures, QCP Capital, AU21 Capital, CMS Holdings, Block Dream Fund, PNYX Ventures, Genesis Block Ventures, JRR Group, Cluster VC, GBIC, Momentum 6, Master Ventures, DAG, YBB Foundation, Blocksync Ventures, BTX Capital, Waterdrip Capital, Genblock Capital, Existential Capital and Outlier Ventures. The proceeds will be used to fuel Polkadex’s growth and become the first orderbook based DEX in the Polkadot blockchain ecosystem. Polkadex offers the functionality and performance of a centralized exchange, but with better user-experience, fully decentralized security, and technological advancements no other DEX has achieved. Some of these achievements are layer2 scaling solution for orderbook, perpetual liquidity mining, and feeless transactions, which eliminate frontrunning and all “gas fees” associated with existing exchanges.