Share this article
Open-Source DeFi Data Platform DIA Raises $15M Through Token Sale
Marketed as an open-source data aggregator for DeFi markets, DIA announced on Friday that the $15 million were raised through selling the firm’s governance token.
Updated Sep 14, 2021, 9:46 a.m. Published Aug 21, 2020, 6:49 p.m.
Make us preferred on Google
Zug-based decentralized finance (DeFi) data aggregator DIA announced on Friday it has raised $15 million through the sale of its governance token.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In a press statement emailed to CoinDesk, the Swiss firm said this was the first round of its token sale. After a private sale that lasted three days, 30 million dia tokens, representing 15% of the total dia token supply, were also offered for sale.
- According to the firm’s statement, DIA’s token has been listed on three exchanges: OKEx, Kucoin and BitMax.
- Marketed as an open-source data aggregator for DeFi markets, DIA’s statement said the funds would be used to further develop the firm’s platform and get closer to its ambition of building an “open-source Bloomberg for DeFi.”
- DIA exists roughly in the same space as DeFi oracles like Chainlink and Band Protocol.
- "With the recent explosion of the DeFi space, the scrutiny of its underlying data infrastructure has intensified," Outlier Ventures CEO and DIA investor Jamie Burke told CoinDesk. "The existing solutions on the market are seeing strong adoption and have great products, however, we believe that enabling and incentivizing the community to provide solutions that are fully transparent and accessible will lead to an optimal outcome."
Read more: Sequoia-Backed Band Protocol Creeps Onto Chainlink’s Turf With Oracle Product
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day
Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.
What to know:
- Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
- Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
- Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.
Top Stories
