• AdaSwap raised $2.6M during its funding round.
• AdaSwap plans to use this for the launch of AdaSwap DEX.
• The funding round was led by iAngels.

AdaSwap, an ecosystem builder that seeks to build the first decentralized exchange (DEX) on the Cardano network, has raised $2.6 million in funding. Led by iAngels, the private funding round was also attended by Shima Capital, GBV, Efficient Frontier, Pluto Digital, Coti, Banter Capital, Stardust, and Finova.

Meanwhile, notable angel investors include Wonder Woman herself–actress and producer Gal Gadot, and producer Jason Varsano.

In detail, AdaSwap will utilize the collected funds to materialize its goal of creating the best DEX on Cardano. Called AdaSwap DEX, the exchange will also go hand in hand with other protocols on the network such as its first-ever exclusive NFT marketplace.