Tinyman is building an automated market maker (AMM) decentralized exchange on the Algorand blockchain. The exchange has been operating in testnet since August while the team prepares for a mainnet launch. Tinyman aims to improve accessibility and user experience and plans to add governance and smart-contract updates as next steps. The project raised $2.5 million from 20 investors to support its launch and development. Founder Kaan Eryilmaz positions Tinyman as a gateway between money and investors for the Algorand ecosystem and says the AMM was needed because Algorand lacked one. Supporters see advantages in running an AMM on Algorand, including faster transactions and potential institutional capital attraction.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2021