ChimpX Secures $2.8M to Simplify DeFi with AI

ChimpX AI has secured $2.8 million in a seed round to accelerate the development of its Mojo AI agent, which aims to simplify decentralized finance (DeFi) through natural language commands. The funding, announced on April 29, 2026, was led by Waterdrip Capital and MetaLabs Ventures at a $24 million fully diluted valuation [1]. Proceeds will be used to expand core infrastructure, enhance the AI execution agent, and support the launch of the project’s native token [1].

Key takeaways

• ChimpX raised $2.8 million in seed funding at a $24 million valuation led by Waterdrip Capital and MetaLabs Ventures [1].
• The Mojo AI agent allows users to execute DeFi strategies via plain English, abstracting away gas token management [1, 2].
• The platform reports 56,000 connected wallets and $3.9 million in transaction volume [2].
• A Solana launch is planned for Q2 2026, following current support for BNB Chain [1, 2].

Bridging the DeFi User Experience Gap

The company asserts that DeFi remains inaccessible to the average person due to poor user experience, citing issues like managing gas tokens and navigating multiple applications for a single strategy [1, 2]. To address this, ChimpX built Mojo, an AI execution agent that allows users to interact with DeFi using plain English, such as typing "optimise yield on my USDC" [1, 2]. The system interprets this intent, selects protocols, and executes transactions automatically, utilizing a gas abstraction layer that lets users pay fees in stablecoins like USDC or USDT [1, 2]. Akshay Nassa, CEO and Co-Founder, stated that while underlying protocols are extraordinary, the experience of using them is broken, a problem he believes is solvable [1, 2].

Roadmap Expansion and Subscription Tiers

The platform reports strong organic adoption, claiming 56,000 unique wallets connected, over $3.9 million in transaction volume, and 100,000 AI prompts executed [2]. Currently supporting trading, lending, and borrowing on BNB Chain, the project plans a launch on Solana in the second quarter of 2026 [1, 2]. Future development phases will introduce advanced capabilities, including natural-language strategy composition, automated limit orders and stop-losses, and risk-aware execution based on market signals [2]. To ensure trust, the system includes verifiable on-chain agent identity and guardrails against prompt injection [2]. The project’s website outlines a tiered subscription model, ranging from a free "Chimp" tier to a $99 per month "Silverback" tier that offers features like arbitrage and autonomous strategy runners [3].

Why it matters

Investors view the integration of AI agents as a significant shift in how financial systems operate, moving beyond simple user interface improvements to autonomous execution [1, 2]. A partner at MetaLabs Ventures noted that AI agents are becoming the primary interface for financial systems, describing ChimpX’s approach as a paradigm shift where users express intent and agents execute [1, 2]. The upcoming $CHIMP token is designed to serve