Fenix Finance, a decentralized exchange protocol on the Blast network, has secured a $300,000 seed investment led by Layer-3 protocol Orbs. The funds will be used to develop Fenix's platform, including the new Fenix Liquidity Hub and enhancements to the Fenix Nest. Since its Open Beta launch, Fenix has rapidly grown to over 5,000 users and $150 million in generated volume. The support from Orbs will help Fenix introduce new products and expand its ecosystem, enhancing capital efficiency and liquidity on Blast.

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