Berachain ecosystem project Honeypot Finance completes new funding round at a $35 million valuation, with participation from Mask Network and others

ChainCatcher news, according to The Defiant, Berachain ecosystem project Honeypot Finance announced the completion of a new funding round at a valuation of $35 million. Investors in this round include Mask Network, CatcherVC, and Credit Scend, among others. The specific amount raised has not been disclosed.

This round of funding will mainly be used to advance the research, development, and deployment of the AMM perpetual contract DEX (Perpetual DEX). As an important supplement to Honeypot's existing DeFi infrastructure, this product aims to address the structural bottlenecks of traditional order book perpetual contract exchanges and further improve Honeypot's cross-chain liquidity system.

Honeypot Finance stated that this financing will help the team accelerate the integration of its product matrix and ecosystem expansion, build a more sustainable asset settlement and dynamic management mechanism, and provide new infrastructure support for institutional-level DeFi liquidity.