Singapore, October 24, 2024 – MEXC and MEXC Ventures are excited to announce a significant milestone with the launch of a $20 million fund dedicated to the Aptos ecosystem. Aptos, recognized as a high-performance Layer-1 blockchain platform, is committed to facilitating the widespread adoption of Web3 technology. This initiative is part of a broader goal to enhance the capabilities of the Aptos ecosystem through strategic investments and support.
Funding for Innovation and Development
The newly established ecosystem fund aims to foster continuous innovation within the Aptos framework. This includes sponsorship of hackathons, investment in promising early-stage projects, and support for the MOVE developer community. As Aptos enhances its technology and innovates in the Web3 space, this fund signifies a mutual commitment to promote the adoption of blockchain technology and empower developers to explore new opportunities for decentralized applications.
Tracy Jin, VP of MEXC, noted, “Aptos’ strong infrastructure and innovations like Block-STM, combined with the interoperable Move ecosystem, have created a vibrant and developer-centric environment. At MEXC, we are dedicated to providing substantial value to our users by supporting pioneering projects such as Aptos, thereby enhancing our community’s experience and contributing to the evolution of blockchain technology.”
MEXC’s Commitment to Ecosystem Growth
This initiative aligns with MEXC’s long-term vision of supporting innovative blockchain projects that drive ecosystem growth. MEXC’s goal is to develop meaningful benefits for users, encouraging an expanding and engaged community within the blockchain sphere. The recent commitment to the Aptos ecosystem highlights MEXC’s dedication to being an essential partner in advancing blockchain initiatives.
Exciting Promotions Launch from MEXC Exchange
In celebration of this significant announcement, the MEXC Exchange is rolling out a series of promotional campaigns running from late October through January. These activities are designed for both new and existing users, allowing them to engage in Aptos trading competitions and share in a comprehensive prize pool. The promotions will feature a range of incentives, including zero trading fees, staking rewards, competitive trading events, and innovative “Learn-to-Earn” initiatives, providing numerous ways for community participation and engagement.
MEXC Ventures’ Investment in Aptos Projects
As part of the ecosystem fund’s inaugural efforts, MEXC Ventures has made early investments in two noteworthy projects on Aptos: Aries Market and Amnis Finance.
Aries Market: Recognized as the leading DeFi platform on Aptos by Total Value Locked (TVL), Aries Market has established itself as the first and largest lending protocol in the ecosystem. Offering a wide array of DeFi products, including lending, borrowing, margin trading, and swapping, Aries Market aims to be the universal gateway for the Move ecosystem, driving innovation and facilitating widespread adoption in decentralized finance.
Amnis Finance: As the top Liquid Staking Derivative protocol and the second-ranked DeFi protocol by TVL on Aptos, Amnis Finance delivers a secure and user-friendly liquid staking experience. This innovative protocol allows users to maximize returns on their APT tokens while maintaining access to liquidity, ultimately seeking to become a central pillar in the Aptos ecosystem to promote credit expansion through APT staking.
Sponsorship of the Aptos Code Collision
In addition to funding projects, MEXC Ventures is proud to sponsor the Aptos Code Collision hackathon. This event aims to uncover promising new ideas and support developers within the Aptos community, further contributing to the ecosystem’s growth.
MEXC Ventures: A Leader in Blockchain Innovation
MEXC Ventures is an integral part of MEXC’s mission, focusing on fostering innovation within the cryptocurrency sector. By investing in Layer-1 and Layer-2 ecosystems, making strategic investments, and engaging in mergers and acquisitions, MEXC Ventures has established itself as a leading advocate for blockchain development. Notably, the organization played a pivotal role in supporting the TON ecosystem’s growth since 2022, helping early-stage projects thrive through investment and listing opportunities.
Guided by the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to remaining at the forefront of Aptos’ innovations. The organization looks forward to actively collaborating with MOVE developers to drive meaningful growth and advancements within the ecosystem.