Ranger Labs Raises $1.9M, Eyes AI-Powered Crypto Trading Products

The builders of Solana-based crypto derivatives speech Ranger Protocol are jumping connected the AI train, too, aft raising $1.9 cardinal from task investors.

Ranger's eponymous trading venue pools crypto perps (the astir fashionable concern declaration successful DeFi for trading tokens similar SOL) from aggregate protocols to unafraid bully deals for traders. Since launching successful precocious December, it has facilitated $25 cardinal successful trades, a driblet successful the bucket of Solana's full perps landscape.

The protocol is present readying to adhd caller merchandise lines that springiness customers entree to AI-assisted trading strategies, co-founder Coby Lim told CoinDesk. A property merchandise described vaults managed by AI agents who premix programmatic trading strategies with societal media and information insights.

DeFAI (a portmanteau of DeFi and AI) has been taking disconnected for months arsenic enthusiasts of some buzzy tech fields experimentation with mixing the two. AI agents tin beryllium acceptable up to power their ain crypto wallets, opening limitless possibilities.

"AI and DeFi are connected a collision course," co-founder Fathur Rahman (known commonly arsenic Fa2) said. "Automation, predictive modeling, and intelligent execution volition redefine trading. AI optimizes strategy, DeFi provides transparency, and unneurotic they unlock a caller frontier of efficiency."

Rahman said AI rollouts are expected successful "the coming quarters."

In the interim, Ranger's rangers are moving connected pulling crypto perps from 2 much protocols, Adrena and Drift, to adhd to their existent basal of contracts from Jupiter and Flash. Their stake is Ranger's aggregation strategies root deeper liquidity for organization perps traders than immoderate 1 speech ever could.

That's besides what Ranger's task backers are counting on. Viktor Fischer of pb capitalist RockawayX called Ranger's "smart bid routing" a "critical measurement towards a vibrant Solana perpetuals market."

Asymmetric, Big Brain Holdings, RISE Capital and Anagram joined RockawayX successful the $1.9 cardinal backing round, which closed successful December astatine a $30 cardinal valuation.