Aark has successfully completed its Seed Round funding with investments from top industry leaders like HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. This comes after its Pre-Seed funding in the second quarter of 2023, led by Delphi Digital, OKX Ventures, and Big Brain Holdings.

Aark is a 1000x perpetual DEX aiming to transform the DeFi space by using LRT assets to enhance liquidity for traders. With the new funding, Aark plans to expand its team to create more scalable liquidity, targeting the sizable $10 billion TVL market and enabling high-leverage trading of up to 1000x for less popular assets.

Eden, CEO of Aark, stated, "Aark is envisioning a future where perpetual DEXs outperform centralized counterparts. To achieve this, Aark is introducing DeFi innovations missing in CeFi. With the backing of our new investors, we aim to elevate the on-chain derivatives industry."

Aark's unique exchange model, diverse composability, and tradfi-focused team make it poised for substantial market growth. HashKey Capital is thrilled to support Aark's mission in revolutionizing the perp dex landscape. "With increasing adoption rates and positive market trends, the industry requires more projects focusing on scalable and advanced trading solutions. Aark's position as a leading perpetual DEX on Arbitrum excites us to be part of this round," said Stanely Wu from Hashkey Capital.

Danilo S. Carlucci, Founder and CEO of Morningstar Ventures, added, "As Aark is at the forefront of LRTfi and a prominent player in the DeFi landscape, we are excited to be part of this round and continue supporting the team's growth."

Aark is an innovative Leverage-Everything Perpetual DEX that leverages LRT assets to provide liquidity for traders. With its scalable infrastructure and the ability to offer up to 1000x leverage for long-tail assets, Aark stands out as a leader in DeFi innovations.