Defi.app made the beta version of its all-in-one decentralized application live on Thursday after the promising “SuperApp project” completed a $4 million funding round. Receiving participation from DCF Capital Partners, Balaji Srinavsan, and Pentoshi, it saw major investment from the Mechanism Capital.
This latest funding comes after after it raised $2 million in seed funding round last year, bringing its total financing to $6 million.
Presenting itself as a better alternative to traditional Centralised Exchanges, it aims to become the go-to application for decentralised services.
DeFI.app launched to make Defi trading simple
The beta launch of DeFi.app on mobile and web version including iphone version, allows users to access Defi world in simple ways. It allows users to buy ETH with fiat currencies. Allowing swaping, it also alllows users to swap EVM to Solana with no gas fees. The application is built by a team of 25 developers from Lyft, Robinhood.
Embedding components of Artificial Intelligence (AI) too, it will also users to access it AI Agent, named Jarvis, too. Helping in managing their crypto portfolio to looking for best price of a crypto to buy/sold for, Jarvis can make it for users to enter and trade in the Web3 world, as the company revealed in its launch video.
DeFi’s iPhone moment is finally here.
An experience so intuitive – even grandma can degen.
• Buy any token instantly
• 10x leverage trading
• No gas, bridges or KYC
• Jarvis AI trading assistant
• Full self-custodyBeta is now LIVE 🔥 Watch granny go full degen: pic.twitter.com/jMXspsrkUb
— Defi App (@defidotapp) February 13, 2025
To be Alternative to CEXs?
As the beta launch receives warm welcome from the users, the success of DeFi.App is too early to be predicted. Its point of making “centralised exchanges obsolte” isn’t a easy task as the established exchanges that it is seeking to challenge, such as Coinbase, Binance, are the existing juggernauts of the crypto market.
Nonetheless, its emphasis on Decentralized services and making them simple by its application can receive warm welcome from the users looking to get rid of complexity and technicality associated with DeFi.
Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.