TechFlow News — BSX Exchange, a DeFi derivatives protocol built on the Ethereum Layer 2 network Base, has announced $6.2 million in funding, comprising $2.2 million in pre-seed and $4 million in seed financing. The seed round was led by Blockchain Capital, with participation from Bankless Ventures, No Limit Holdings, Cadenza Ventures, Breed VC, and Maelstrom, the family office of Arthur Hayes.
Since launching in April this year, BSX has facilitated over $4 billion in trading volume and recently surpassed $1 million in revenue.
BSX plans to launch a spot aggregator next month, followed by yield and staking products in the coming months. The project expects to release its BSX token for on-chain governance and value accrual in November or December this year. The core team is primarily based in Vietnam and currently consists of 12 full-time employees, with ongoing hiring for engineering and growth roles.
