Econia Labs

Econia Labs

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Econia: Hyper-parallelized on-chain order book for the Aptos blockchain network. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$26—39m (Dealroom.co estimates Mar 2023.)
Portland Oregon (HQ)
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DateInvestorsAmountRound
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$6.5m

Seed
Total Funding000k

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Econia Labs is a cutting-edge startup that operates in the decentralized finance (DeFi) sector, specifically focusing on the Aptos blockchain. The company provides a high-performance back-end settlement engine designed to power DeFi applications. Econia's core product is an on-chain order book that facilitates various types of trading, including spot trading and leveraged perpetual futures. This order book is built to offer superior performance, maximum composability (meaning it can easily integrate with other systems), and seamless integration with a suite of protocols.

Econia's primary clients are decentralized application (dApp) developers and market makers. These clients benefit from Econia's ability to pool liquidity, which means gathering funds from multiple sources to make trading more efficient. By doing so, Econia ensures that trades are cleared almost instantly, thanks to its atomic matching engine that leverages sub-second finality (the trade is completed in less than a second).

The company operates in the global DeFi market, which is a rapidly growing sector within the broader cryptocurrency and blockchain industry. Econia's business model revolves around providing a shared trading venue that can be accessed by various participants in the ecosystem. This approach not only enhances capital efficiency but also ensures equitable access to global markets.

Econia makes money by offering its high-performance settlement engine and order book services to dApp developers and market makers. These clients pay for the ability to use Econia's infrastructure to facilitate their trading activities, thereby generating revenue for the company.

Econia Labs prides itself on being a community-first company. This means that they prioritize feedback from their team, customers, investors, and partners. The company operates with a low hierarchy and high autonomy, encouraging team members to make significant decisions and contribute meaningfully. Transparency and open-source principles are at the core of Econia's operations, ensuring that their technology and processes are accessible to the broader community.

Keywords: DeFi, Aptos blockchain, order book, liquidity pooling, atomic matching engine, sub-second finality, dApp developers, market makers, community-first, open-source.