MEXC Launches $300 Million Ecosystem Development Fund for Blockchain Innovation
By: defi-planet|2025/05/02 20:15:01
0
Share
MEXC has announced a $300 million Ecosystem Development Fund to mark its seventh anniversary, signalling a significant shift in its strategic direction.The announcement made during the Token2049 event in Dubai highlights MEXC’s ambition to evolve from a user-focused trading platform into a foundational force in blockchain infrastructure. The newly launched fund, managed by MEXC Ventures- the exchange’s investment arm- aims to accelerate blockchain innovation and ecosystem growth over the next five years. This initiative is designed to support early-stage technologies, public blockchains, wallets, stablecoins, and other decentralized tools shaping the future of Web3.According to Tracy Jin, COO of MEXC, the fund represents a commitment to offer more than just exchange services, positioning MEXC as a comprehensive ecosystem platform that addresses a wide range of needs for crypto industry participants.A key feature of the Ecosystem Development Fund is establishing an investment and cooperation linkage model among businesses within the MEXC ecosystem. It will establish criteria for selecting high-potential projects to receive support. The fund is designed to help these projects attract investment, increase visibility, and integrate into industry services, enhancing user experience. MEXC promotes innovation and adoption through greater collaboration among businesses, projects, and users across various markets and regions.The platform’s previous ecosystem efforts include a $16 million strategic investment in Ethena, a prominent stablecoin innovator, and the purchase of $20 million worth of Ethena’s synthetic dollar, USDe. Joint campaigns with Ethena have recently driven strong user engagement, showcasing MEXC’s commitment to supporting promising projects within its ecosystem.Notably, MEXC’s listing of MilkyWay (MILK), a new restaking protocol on the Celestia and Initia networks, focused on enhancing security and efficiency for modular blockchains through liquid staking. The listing is accompanied by a significant reward campaign for new and existing users, involving a large pool of MILK tokens and USDT. If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”The post MEXC Launches $300 Million Ecosystem Development Fund for Blockchain Innovation appeared first on DeFi Planet.
You may also like
How much longer can Ethereum's last big buyer hold on?
According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?
The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.
World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live
The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!
Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...
Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.
Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?
When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.
Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10
Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.
Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.
Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
Overview of Important Market Events on June 9th
Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?
The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.
Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI
The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...
Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention
Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?
Every exchange is a "Universal Exchange."
You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.
The counterattack of traditional finance: Alliance chains are quietly reviving
Whether public chains win or consortium chains win has never been the focus.
Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?
Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.
How much longer can Ethereum's last big buyer hold on?
According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?
The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.
World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live
The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!
Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...
Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.
Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
