Solana ecosystem DEX Fermi Labs announces the completion of a $1.2 million Pre-Seed round of financing, led by Equilibrium and Big Brain Holdings, with participation from angel investors including Ashwath Balakrishnan, head of consulting at Delphi Digital, and Robert Chen, CEO of blockchain security audit firm OtterSec. The new funds will be used to build a scalable and capital-efficient order book DEX on Solana. Additionally, the Solana Foundation has also provided a development grant to the company, the specific amount of which has not been disclosed.