TechFlow news, August 8 — According to The Block, Euphoria, a cryptocurrency derivatives trading application built on the MegaETH blockchain, has announced the completion of a $7.5 million seed funding round. This includes a $2.5 million pre-seed round in November 2024 and a $5 million seed round completed between February and July 2025. The round was led by Karatage, with participation from Figment Capital and Robot Ventures, alongside over 100 investors including institutional backers such as Bankless Ventures and First Commit, as well as angel investors including Kain Warwick and Santiago Santos.
Euphoria is developing a mobile application designed to simplify trading of crypto derivatives such as options and perpetual contracts through a "click-to-trade" interface. The project plans to launch on the MegaETH mainnet later this year, with a business model incorporating proprietary market making and transaction fee revenue.
