Brine Fi operates an orderbook-based decentralized exchange built on Starkware’s Ethereum scaling technology, combining DEX custody with CEX-like order types and low-latency execution. The protocol leverages zero-knowledge proofs to provide privacy on orders and mitigate frontrunning, while remaining fully non-custodial. Brine supports both retail users (including a beginner mode) and institutional traders, and has integrated liquidity aggregation partners such as 0x. During testing from February to June it processed about 4 million transactions and reported over $1.6 billion in trading volume; its recently launched mainnet has accumulated roughly $500 million in trading volume per Starkware stats. The team says the system can execute orders in milliseconds and is onboarding hedge funds, exchanges and high-frequency traders. Brine has also begun using Chainalysis and Merkle Science to prepare for potential KYC/AML regulatory requirements.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2023