Euphoria, a MegaETH-based crypto derivatives platform, completed a $7.5M seed round led by Karatage with diverse investor participation, aiming to launch its mobile click-to-trade interface and mainnet this year.
Euphoria, a MegaETH-based crypto derivatives trading platform, completed a $7.5M seed round made up of a $2.5M pre-seed investment in November 2024 and a $5M seed round from February to July 2025. The funding round, led by Karatage, saw participation from Figment Capital, Robot Ventures, Bankless Ventures, First Commit, Hash3, Comfy Capital, Kosmos Ventures, and over 100 angel investors. The project is developing a mobile click-to-trade interface to simplify trading of options and perpetual contracts, with its business model modeled after Hyperliquid by generating revenue through market making and transaction fees. The team of eight plans to expand with 3-5 new engineering and product hires, and a native token is planned for future issuance.