PANews August 8 news, according to The Block, the cryptocurrency derivatives trading application Euphoria based on MegaETH announced the completion of a $7.5 million seed round financing, which includes $2.5 million pre-seed round in November 2024 and $5 million seed round from February to July 2025. The seed round was led by Karatage, with follow-up investments from Figment Capital and Robot Ventures. Other participants include Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, as well as over 100 angel investors.
The project is developing a mobile 'click trading' interface to lower the user threshold by simplifying the operation processes of derivatives such as options and perpetual contracts. Euphoria plans to launch on the MegaETH mainnet within the year, with a business model referencing Hyperliquid, profiting through market making and trading fees. The team currently has 8 members and plans to add 3-5 engineering and product positions. The long-term roadmap includes the issuance of a native token.
