Perp DEX and PopDEX have raised $30 million in funding, led by Foresight Ventures.

CoinFeed reported on May 22 that PopDEX, a decentralized perpetual contract trading platform, has completed a $30 million funding round led by Foresight Ventures. The team stated that the funding will be used to inject initial liquidity into the project, improve trading depth and capital efficiency, accelerate product development, and expand the team and market. PopDEX is described as a trader-centric decentralized perpetual contract trading platform that focuses on capital efficiency, trading experience, and value distribution mechanisms, aiming to build an on-chain derivatives trading platform driven by real trading contributions. PopDEX is currently in internal testing.