Solana perpetual futures trading platform Imperial has raised a $1.5 million seed round at a $15 million valuation, led by Foundation Capital with support from Solana ecosystem angel investors. According to ChainCatcher, the funding will be used to expand Imperial's product lineup, including a perpetual contract aggregator, a lending platform, and its flagship project Armada.

Imperial said Armada is a Solana-based perpetual contract AMM that sources liquidity from DeFi platforms such as Hyperliquid, allowing traders to access deeper order books without leaving Solana.