BlockBeats News, May 22, the next-generation Perp DEX PopDEX announced the completion of a $30 million funding round, led by Foresight Ventures. PopDEX is a trader-centric decentralized perpetual contract trading platform that focuses on capital efficiency, trading experience, and value distribution mechanism, aiming to build an on-chain derivative trading platform driven by real trading contributions.

The team stated that the funding will be used to provide initial project liquidity, enhance trading depth and capital efficiency, accelerate product development, expand the team, and market. Currently, PopDEX has started inviting some outstanding traders to participate in internal testing and will continuously optimize the product experience based on early user feedback. The internal testing phase will focus on refining the trading process, capital efficiency, product interaction, risk control, and user experience in preparation for subsequent broader open testing and product launch.