An Automated Market Maker platform built on Cardano, AdaSwap, has generated $2.6 million in a funding round led by iAngels. While announcing the funding, AdaSwap revealed that leading venture capital firms and some angel investors contributed to the round.  Participants include Banter Capital, Shima Capital, Pluto Digital, GBV Capital, Efficient Frontier. Stardust, Coti, and Finova. Additionally, angel investors like Israeli actress Gal Gadot and producer Jaron Varsano. 

 The Cardano DeFi ecosystem builder intends to build the best-decentralized exchange (DEX) on the Cardano blockchain. Even though Cardano is still an upcoming ecosystem in the DeFi space, its native token ADA is one of the largest cryptocurrencies by market cap. The AdaSwap DEX will complement its other protocols, such as a first-of-a-kind exclusive non-fungible tokens marketplace. The NFT marketplace is set to serve notable artists and be home to curated collections.