Osmosis Secures $21 Million in Funding on October 28, 2021

According to media reports, Osmosis completed a $21 million funding round on October 28, 2021. The round included participation from Paradigm, Robot Ventures, Nascent, Ethereal Ventures, Figment Capital, and Do Kwon. With this round, Osmosis's total funding has reached $21 million.Osmosis is a cross-chain decentralized exchange (DEX) built on a sovereign Layer-1 blockchain within the Cosmos ecosystem. The platform enables developers to design and deploy custom automated market makers (AMMs) using its suite of modules and leveraging Osmosis’s on-chain governance system. As a key infrastructure component in the Cosmos ecosystem, Osmosis aims to provide users with a more convenient and efficient cross-chain trading experience.Notably, Osmosis has experienced rapid growth since its launch in June 2021. Following the commencement of trading for its native token OSMO, the project has continued to develop steadily. Recent reports indicate that Osmosis plans to burn approximately 609,000 OSMO tokens in October 2025, an initiative expected to positively impact the token’s economic model. With rising demand for cross-chain trading, Osmosis’s ongoing innovation in the DEX sector warrants close attention.