According to media reports, Opyn secured $6.7 million in funding on February 4, 2021. Investors in this round include Paradigm, Dragonfly, and prominent industry figures Kain Warwick and Stani Kulechov. Following this round, Opyn’s cumulative funding has reached $8.86 million.Opyn is a project focused on native DeFi derivatives and options infrastructure. As an innovator in the DeFi sector, Opyn is dedicated to providing users with comprehensive derivatives trading solutions. Since its mainnet launch in June 2019, Opyn has consistently attracted market attention. In its development history, the project raised $2.16 million in June 2020, followed by a larger funding round in February 2021.Notably, recent reports indicate that Opyn will be acquired by Coinbase in 2025. This strategic move is expected to further drive the development of the DeFi derivatives market. It demonstrates traditional cryptocurrency companies’ increasing interest in the DeFi derivatives space and reflects the significant growth potential of this sector. As the DeFi market continues to mature, Opyn’s innovative solutions are poised to play a more prominent role in the future.