November 22, 2024
Lnfi, a decentralized finance (DeFi) platform built on the Bitcoin Lightning Network, has announced the successful closure of its pre-seed funding round. Formerly known as NostrAssets, the project secured funding from leading investors in the Bitcoin and Lightning ecosystems, including HashKey Capital, UTXO Management, CMS Holdings, Waterdrip Capital, and Wolf’s Clothing. The funding supports Lnfi’s mission to evolve the Lightning Network into a full-scale financial ecosystem, leveraging the power of Taproot Assets.
The funds, raised earlier this year, have driven the development of a range of products and services. Key achievements include the creation of LN Exchange, the first orderbook exchange built on the Bitcoin Lightning Network, designed to serve as the liquidity layer for Taproot Assets. Additionally, Lnfi introduced LN Starter, a launchpad and launchpool tailored for Taproot Assets, and LightningFi solutions like Channel Mining, which provide users with new ways to participate in the Lightning Network’s growth.
Since its launch in October 2023, Lnfi has demonstrated remarkable growth. Over 350,000 users have joined the platform, contributing to its emergence as the largest Lightning channel partner for Binance and OKX. Lnfi has also secured its position as the 11th largest Lightning node globally. Furthermore, the network executed its largest airdrop campaign, distributing over $20,000 worth of tokens including $TREAT, $TRICK, and $NOSTR. Its peer-to-peer marketplace for Taproot Assets has processed nearly 2,000 BTC in trades, while the LN Exchange has seen $10 million in daily trading volume for USDT-margined perpetual contracts.
Lnfi’s rapid progress underscores its commitment to advancing DeFi on Bitcoin’s Lightning Network. By transforming what was once a payment-focused protocol into a comprehensive financial ecosystem, Lnfi aims to unlock the full potential of Bitcoin and Taproot Assets for a global audience.
About Lnfi Network
Lnfi Network is a decentralized finance platform leveraging the Bitcoin Lightning Network to build an advanced financial ecosystem. The platform focuses on innovations such as Taproot Assets, LN Exchange, and LightningFi solutions, enabling users to access new opportunities in the blockchain space. Formerly known as NostrAssets, Lnfi continues to expand its offerings to meet the needs of individuals and businesses worldwide.
Website: https://linky.quest/LnfiNetwork
X:@LnfiNetwork
About Investor
HashKey Capital
HashKey Capital is a global asset manager specializing in investments within the blockchain and cryptocurrency sectors. The firm supports blockchain projects by providing financial resources, strategic partnerships, and technical expertise. With a focus on driving adoption and innovation, HashKey Capital plays a pivotal role in advancing the blockchain ecosystem.
Location: Singapore
Website: https://hashkey.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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