Symmio, a decentralized derivatives protocol with over $8B in trading volume, has raised $3.1M in funding, including $2.1M in new investments from top-tier investors including Spartan Group, Orbs, MCLB and Blockchain Founders Fund as well as previous investments by @AgentChud (Messi), MS2 Capital, Gametheorizing (Selini Capital), GMoney & Prime Ventures. The funding comes as Symmio gears up for its Token Generation Event (TGE) on December 16, 2024, introducing the $SYMM token on the Base network. Initial liquidity will be provided via SYMM/ETH pairs on Aerodrome Finance.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.
