Blockchain enthusiasts, there’s good news! Decentralized exchange Brine Fi has successfully completed a round of financing, raising US$16.5 million, and its current valuation has reached US$100 million! 🎉 This round of financing was led by Pantera Capital, with participation from Elevation Capital, StarkWare Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures and others.

Brine Fi is a non-custodial, decentralized order book powered by the Ethereum scaling system StarkWare that protects the privacy of trading positions through zero-knowledge proofs. While DefiLlama data shows that the DEX’s trading volume has dropped sharply after a brief surge this spring, Brine Fi remains popular with investors.

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