Utilize the full power of the Metaverse, which will provide you with daily benefits and rewards I'm going in!

DeBank, a DeFi wallet, has raised $25 million through Sequoia China.

2 min reading

DeBank, which was co-founded in 2018 by Tang Hongbo, a Chinese R&D expert, enables users to track 798 protocols over 17 chains.

 DeBank, a crypto wallet that focuses on decentralised finance (DeFi) solutions, has secured new funds from Sequoia China, a leading venture capital firm.

DeBank said on Twitter on Tuesday that it had acquired $25 million, raising its total value to $200 million.

In addition to Sequoia China, prominent crypto investment firms including Dragonfly, Hash Global, and Youbi joined the funding round.

Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle, and hardware wallet maker Ledger all contributed to the round.

DeBank is a crypto wallet that monitors DeFi data, such as DeFi interest rates and decentralised applications or exchanges (DEX). Users can also utilise it to explore and manage a variety of DeFi assets and projects. Decentralized lending protocols, stablecoins, margin trading platforms, and other decentralised lending protocols are all covered by the platform's analytics.

According to its website, DeBank presently allows users to track 798 protocols across 17 chains, including Ethereum, the Binance Smart Chain, Polygon, Fantom, Avalanche, and others.

Tang Hongbo, a Chinese research and development expert, co-founded DeBank in 2018. The executive is based in Shanghai's Jing'an district, as per his LinkedIn profile.

Despite new restrictions in the country, the idea of decentralisation and DeFi seems to be increasing in popularity in China. After China imposed a new significant restriction on crypto in September, as previously reported, many Chinese crypto users appear to have started shifting their crypto holdings to DEXes.



Currency Exchange rate Buy cryptocurrency

Utilize the full power of the Metaverse,
which will provide you with daily benefits and rewards

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net (www.ommyo.net). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the ommyo.news/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.