Solana Ecosystem DEX Fermi Labs announced the completion of the $1.20 million Pre-Seed round of financing, led by Equilibrium and Big Brain Holdings, with participation from angel investors such as Ashwath Balakrishnan, head of advisors at Delphi Digital, and Robert Chen, CEO of blockchain security audit firm OtterSec. The new funds will be used to build a scalable and capital-efficient order book DEX on Solana. In addition, the Solana Foundation has also provided the company with a development grant. The specific amount has not been disclosed.