- Investment fund Rockaway Capital has invested $5 million to 1Inch through its Rockaway Blockchain Fund.
- Rockaway invests heavily into DeFi projects to make it a $1 trillion market.
- Other DeFi platforms under Rockaway are Uniswap and SushiSwap.
Prague-based investment fund Rockaway Capital has poured 100 million Czech koruna ($5 million) into decentralized exchange (DEX) aggregator 1Inch through its Rockaway Blockchain Fund (RBF).
According to the investment fund, this is its largest investment into the DeFi space so far. Viktor Fischer, head of RBF, said:
“The reason we have so much faith in 1Inch is simple. It’s a leader in the decentralized exchange market, with a market share of 75 percent. Plus now it’s launching the 1Inch Pro platform, which is intended for institutional investors, and is precisely aligned with our vision of interconnecting the blockchain and traditional world.”
Aside from 1Inch, RbF has invested in DEX platforms such as Uniswap and SushiSwap. It is also affiliated with Solana, Blockdaemon, Rarible, Compound, and more.
Meanwhile, the DeFi market is still maintaining its $100 billion combined total value locked (TVL) despite the current crypto market slump. Maker remains at the head of the pack, followed closely by Curve Finance, according to DeFiPulse.
