LAB Secures $5 Million in Funding on October 9, 2025

According to industry media reports, multi-chain trading terminal LAB secured $5 million in funding on October 9, 2025. The round featured investments from renowned institutions including Lemniscap, OKX Ventures, GSR, Animoca Brands, Amber Group, Cypher Capital Group, Kucoin Ventures, Gate Ventures, MEXC Ventures, Selini Capital, among others.LAB is a multi-chain trading terminal designed for users, offering a convenient trading experience through proprietary trading algorithms, multi-chain support, and customizable features. The project aims to deliver a comprehensive and user-friendly trading tool to meet the diverse needs of traders.Following the funding, LAB initiated a series of key actions. On October 13, 2025, Gate announced the launch of LAB spot trading. Subsequently, on October 14, LAB was listed on major exchanges and began its TGE event. Amid heightened market activity, LAB repurchased over 20.9 million LAB tokens within 30 hours, totaling approximately $2.35 million, underscoring the team's commitment to ecosystem development and confidence in token value.Looking ahead, LAB plans to launch its mobile application on October 18 and integrate PERPS functionality into its trading terminal, further expanding its product offerings and user reach. Additionally, OKX has announced it will list LAB USDT perpetual contracts on November 1, 2025, providing users with more derivative trading options. These initiatives are expected to further solidify LAB's leadership in the multi-chain trading sector and drive innovation across the industry.