FermiLabs Raises $1.2M Investment for FreeSeed

1/ FermiLabs has raised $1.2M in investment for FreeSeed to develop a Solana-based DEX order book in partnership with Equilibrium, led by BigBrainVC.

2/ The initial grant was provided by the Solana Foundation, with angel investors including prominent figures such as FarmerJoe, Temporal, Osec, Gaius, and others.

3/ The order book is a core piece of digital infrastructure that processes over $130 trillion annually, requiring fair alignment and ultra-low latency. Existing on-chain order books are capital-inefficient, high-latency, and offer uncertain ordering—making them unattractive to LPs.

4/ Fermi is building an improved decentralized, high-performance, capital-efficient order book, with related architectural research to be published soon.

✍️ A bold attempt to tackle the very core of the order book market and break through structural inefficiencies. Combined with Solana’s performance, the focus is on enabling scalable trading infrastructure on-chain.