Cointime

Cointime

Download App
iOS & Android

OKX Ventures Announces Investment in Cetus Protocol

Validated Venture

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced an investment in Cetus Protocol, a pioneer DEX and concentrated liquidity protocol built on Sui and Aptos.

The mission of Cetus is to build a powerful and flexible underlying liquidity network to make trading assets easier for Sui and Aptos users. The protocol aims to deliver the best trading experience and superior liquidity efficiency to DeFi users via its concentrated liquidity protocol and a series of affiliate interoperable functional modules.

"With the support of OKX Ventures, Cetus will gain extensive access to a wider Web3 user base and break through the boundary between on-chain and off-chain space," said Henry Du, Co-founder of Cetus.

Dora Yue, Founder of OKX Ventures, said: "We're very pleased to make this investment in Cetus. When it comes to the construction of the public chain ecosystem, we are optimistic about the Move language, which has the potential to build an ecosystem similar to Solidity. Cetus is the first UniV3-like AMM liquidity protocol in the Move ecosystem, providing DeFi users with a better trading experience and higher capital efficiency. OKX Ventures looks forward to supporting the project."

About OKX Ventures

OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.Find out more about OKX Ventures here.

About OKX

OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX's crypto exchange is the second largest globally by trading volume.

DeFi
Comments

All Comments

Recommended for you

  • Over $476 Million Liquidated in the Last Hour, Primarily Long Positions

    Data shows that in the past hour, a total of $476 million was liquidated across the network, with long positions accounting for $457 million and short positions for $19.7945 million, primarily affecting long positions. Among these, $200 million in ETH and $116 million in BTC were liquidated.

  • ETH Falls Below $2400

    Market data shows that ETH has fallen below $2400, currently priced at $2395.62, with a 24-hour decline of 4.47%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Drops Below $81,000

    Market data shows that BTC has fallen below $81,000, currently priced at $80,989.9, with a 24-hour decline of 2.87%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Considers Easing Sanctions on Shadow Fleet to Lower Shipping Rates

    On October 15, a US official stated on Wednesday that the Trump administration is considering easing sanctions on vessels known as the 'shadow fleet.' These ships have previously transported oil and petroleum products from countries such as Russia, Iran, and Venezuela. This move aims to reduce the currently historically high global shipping rates. Shortly before this, President Trump had temporarily lifted sanctions on Russian diesel, a decision that drew strong criticism from Ukrainian President Zelensky, several European governments, and some Republican senators. The US official revealed that current discussions focus on whether the US will allow previously sanctioned vessels to transport 'legitimate oil.' Here, 'legitimate oil' refers to crude oil or petroleum products not subject to US sanctions, rather than oil from Russia and Iran that is under sanctions. The official stated that this move aims to facilitate the export of more refined products and crude oil from the Gulf region.

  • Dollar Index Erases All Gains Since CPI Report Release

    On October 15, the Dollar Index (DXY) slowly declined in the Asian session, completely erasing all gains since the release of the U.S. September CPI data yesterday (which had peaked with a cumulative increase of about 70 points), now reported at 102.16. The British Pound against the U.S. Dollar (GBP/USD) and the Euro against the U.S. Dollar (EUR/USD) both rose about 0.3%, currently reported at 1.3231 and 1.1197, respectively. (Jin10)

  • South Korean Stock Index Opens Down Over 5%

    On October 15, the South Korean KOSPI index fell below 6000 points, dropping 5.59% during the day. SK Hynix fell over 7%, while Samsung Electronics dropped over 6%. (Jinshi)

  • Fed's Daly: Rate Hikes May Be Necessary, But Not Urgent

    On October 15, Mary Daly, President of the San Francisco Federal Reserve, stated on Wednesday that the Fed may need to further raise short-term interest rates to curb excessive inflation. However, she also pointed out that there is no need to take such action at the Fed's meeting on October 27-28. "It is very likely that we will need to make further adjustments, but regarding the timing of those adjustments, I think we are still deliberating," Daly said. "I don’t feel there is a need to rush into a decision with limited information. I believe we have enough time."

  • BTC Falls Below $82,000

    Market data shows that BTC has fallen below $82,000, currently priced at $81,984.48, with a 24-hour decline of 2.01%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Drops Below $83,000

    Market data shows that BTC has fallen below $83,000, currently priced at $83,015.81, with a 24-hour decline of 0.46%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.4, with a 24-hour decline of 0.23%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company