defi investor platform zerion raises $8.2 million series a

Decentralized Finance Accessibility and Zerion's Growth

Despite the simplification of major cryptocurrencies by crypto exchanges, the complexities of decentralized finance (DeFi) remain opaque to many investors, even those with considerable experience. This is largely due to the intricate and diverse nature of DeFi offerings.

Zerion Secures Series A Funding

Zerion, a company developing a decentralized finance interface for cryptocurrency investors, has garnered significant interest from venture capitalists following a period of substantial growth. The company has facilitated over $600 million in transaction volume this year alone, and currently boasts more than 200,000 monthly active users, according to CEO Evgeny Yurtaev in a statement to TechCrunch.

The startup has successfully completed an $8.2 million Series A funding round, spearheaded by Mosaic Ventures. Participation also came from Placeholder, DCG, Lightspeed, and Blockchain.com Ventures. Toby Coppel of Mosaic and Brad Burnham of Placeholder have been appointed to Zerion’s Board of Directors, the company announced.

Streamlining DeFi Through a User-Friendly Interface

Zerion provides users with access to over 50,000 digital assets and 60 protocols on the Ethereum blockchain via its application. This app simplifies the user interface of DeFi, allowing users to access and invest in tokens in a manner similar to centralized exchanges like Coinbase or Gemini.

However, a key distinction is that Zerion utilizes users’ personal wallets, such as MetaMask. This ensures that user funds and private keys remain under the user’s control and are not accessible to Zerion, a principle highly valued by Yurtaev, a dedicated crypto advocate and developer.

Yurtaev explains, “The DeFi space is filled with a multitude of tokens and protocols.”

“While it’s intended to be easily navigable, the reality is often chaotic. Our aim is to clarify and simplify these complexities.”

DeFi Market Trends and Zerion's Mobile App

In parallel with the price increases of Ethereum and Bitcoin, DeFi volume has experienced a surge in 2021. Starting the year at just under $20 billion, it peaked at nearly $90 billion in May. The DeFi market, however, has demonstrated volatility, with volume decreasing by approximately 35% in recent months to just over $57 billion.

Zerion’s mobile application, available on both iOS and Android, has become a favored tool for crypto investors to monitor market activity and their token holdings. The company reports that the average user launches the app more than nine times daily.

Increased Investor Interest in the Crypto Ecosystem

The positive performance of the crypto market in 2021 has attracted considerable investor attention, not only to the assets themselves but also to the platforms that facilitate these transactions. For example, venture capital firm Andreessen Horowitz recently announced the raising of over $2.2 billion dedicated to investments in startups developing products within the crypto space, including decentralized finance.