Decentralized Exchange ZkLink Raises $8.5M Ahead of Market Launch

Decentralized Exchange ZkLink Raises .5M Ahead of Market Launch
Decentralized exchange (DEX) ZkLink has closed a $8.5 million funding round led by Republic Crypto to help ramp up for its market launch later this year.ZkLink aims to become the first multi-chain DEX to enable one-click, cross-chain transfers across both Ethereum Virtual Machine (EVM) and non-EVM-compatible chains.At launch, the first layer 1 chains to be supported will include Ethereum, Binance Smart Chain, Huobi Eco Chain and Polygon.The cross-chain questDEXs can be difficult for beginner users to navigate. Users also often have to use a different DEX for each blockchain network, complicating cross-chain asset transfers.ZkLink connects separate layer 2 networks with…