Information on the Target
Arca Investment has made a significant acquisition by purchasing Radiant Capital and Dopex DeFi tokens, bridging 450 ETH through the Arbitrum protocol on February 23. Arca acquired 422,000 RDNT tokens, which are native to Radiant Capital, for $125,000, and 757 DPX tokens from Dopex for $285,000. The average purchase prices for these tokens were approximately $0.27 and $360, respectively. Both tokens adhere to the ERC-20 standard and serve a governance purpose, allowing holders to vote on various proposals within their respective platforms.
Industry Overview in the Target’s Specific Country
The investment landscape for decentralized finance (DeFi) has seen notable growth, particularly in regions embracing digital assets. The protocols involved in this acquisition are part of a broader trend towards DeFi solutions that empower users to engage in lending and trading without traditional financial intermediaries. This shift has been bolstered by the increasing popularity of layer-2 networks, like Arbitrum, which offer enhanced scalability and reduced transaction costs compared to Ethereum's mainnet.
Dopex functions as a decentralized options exchange and is known for its promise of
Similar Deals
Arca Investment
invested in
Radiant Capital and Dopex DeFi tokens
in 2023
in a Other VC deal
Disclosed details
Transaction Size: $0M