Injective Protocol Catapults to Over $1 Billion Valuation after Latest Growth Funding Round to Create a Robinhood for DeFi
Place/Date: Palo Alto, CA - April 20th, 2021 at 8:56 pm UTC · 3 min read The proliferation of decentralized finance (DeFi) continues as a new unicorn is crowned: decentralized derivatives exchange Injective Protocol announced that it has closed $10 million, valuing the network over $1 billion. A group of prominent new and existing investors who participated in the round include Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), CMS, and QCP Capital. It was also reported that billionaire NBA team owner and Shark Tank judge Mark Cuban made a strategic investmen...