Liquid Secures $7.6M Seed Round to Unite Perp DEX Trading

Investor Takeaway

Inside Liquid’s Unified Platform

Liquid aggregates multiple perpetual futures venues — including Hyperliquid, Lighter, and Ostium — into a single non-custodial interface. The app combines trading, yield, risk management, and analytics under one dashboard. “We believe a unified frontend allows us to achieve the ultimate user experience while giving customers flexibility under the hood,” Wang said.

Before founding Liquid, Wang served as chief AI scientist of futures at hedge fund Two Sigma. He said his experience there inspired the company’s architecture. “At Two Sigma, I experienced the power of having all . Liquid brings that institutional app experience to everyone,” he said.

Wang described Liquid as “very mobile first,” offering features such as push notifications when positions approach liquidation and streamlined position management across multiple platforms. The app charges a small additional fee per trade and has already processed more than $500 million in volume since its beta launch.

Yield, Risk, and Rewards

Beyond trading aggregation, Liquid integrates yield vaults through platforms like Hyperliquid, offering annualized returns around 7%. It also provides real-time market data, risk analytics, and automated liquidation tracking. The company is developing a built-in system for onchain reward programs, allowing users to view and manage point-based incentives from diverse DEXs within the identical interface.

“Retail traders deserve access to the identical infrastructure and risk tools that institutions have,” Wang said. “Liquid’s platform bridges that gap.” The team, which numbers about ten people, is based in New York and is hiring across engineering, marketing, and design. Wang did not disclose whether any investors took board seats or advisory roles.

Investor Takeaway

Context: Renewed Focus on Perpetual DEX Growth

The funding comes as the perpetual futures segment re-emerges as one of crypto’s quickest-growing markets. later than a sluggishdown in 2023, onchain derivatives have become a major source of revenue for DeFi protocols. Perp DEX trading activity has nahead tripled since ahead 2024, with institutional participation rising steadily.

Investors say aggregators like Liquid could assist consolidate liquidity across networks that are increasingly fragmented. By offering unified access to execution, collateral management, and reward tracking, such platforms aim to replicate the efficiency of centralized platforms — without custodial risk. For VCs like Paradigm, which has previously backed Uniswap, dYdX, and Flashbots, Liquid represents another bet on decentralized market infrastructure built for scale.

With a $7.6 million viewd round completed and ahead traction in trading volume, Liquid joins a new wave of infrastructure beginups building the connective tissue of decentralized finance. Whether its aggregation model can sustain user growth and liquidity over time will be the real test as the market matures.