Narwhal Finance closing the strategic round at $25M

Narwhal Finance closing the strategic round of funding at $25M valuation

Narwhal Finance raises $25M in strategic funding for further social trading improvements and accessible decentralized leveraged trading

Hoan-My Tran

Published on May 22, 2023

1 min read

Narwhal Finance closing the strategic round of funding at $25M valuation

Copenhagen, Denmark, May 20th, 2023, Chainwire

Narwhal Finance, a decentralized dual-chain perpetual trading platform operating on both Arbitrum and BNB Chain, has announced the completion of its strategic funding round with a $25 million valuation.

Expressing deep gratitude to Animoca Ventures, Hailstone Ventures, and all angel investors for their support, Narwhal Finance will use the raised funds further to enhance the social trading experience on the platform and provide an exceptional decentralized leveraged trading experience accessible to all.

Meanwhile, Narwhal Finance has partnered with Pyth Network for its oracle services and Wormhole for its token bridging services, showcasing its commitment to growth and innovation.

About Narwhal Finance

Narwhal Finance facilitates leveraged trading for any assets on-chain using synthetic assets with up to 1000x leverage. The next-generation trading engine simulates liquidity from top centralized exchanges to ensure competitive rates. Traders always maintain full custody over their funds, while liquidity providers earn USDT actual yield from protocol revenue and fees as a counterparty.

Trading on Narwhal Finance is further enhanced by social features, from token forums to copy trading vaults to livestreams. The platform strives to create an inclusive social platform to onboard novice and sophisticated traders and provide them with different monetization options to develop a loyal community of traders.

Visit to learn more about Narwhal Finance’s latest developments:

Official Website | Twitter | Medium | Telegram