MEXC Launches $300M Ecosystem Fund to Accelerate Web3 Innovation

Cryptocurrency exchange MEXC, which manages approximately $2.6 billion in total assets, announced on Thursday, May 1, the launch of a $300 million Ecosystem Development Fund aimed at driving innovation across the web3 space over the next five years.

Unveiled during Token2049 in Dubai, the initiative reflects a strategic pivot for the company from being primarily a trading venue to a web3 ecosystem builder. The fund will back early-stage blockchain startups and expand decentralized infrastructure, including public chains, stablecoins, wallets, and media platforms.

According to a press release viewed by The Defiant, the Ecosystem Development Fund will provide both capital and increased visibility to help projects grow within the web3 ecosystem. The move aligns with strong growth expectations for the U.S. web3 market, which was valued at $780 million in 2024 and is projected to reach $24.8 billion by 2034, growing at a compound annual rate of 41.33%, according to Precedence Research.

“We see this commitment as an opportunity to position MEXC well above its perceived place in the industry as an exchange service,” said Tracy Jin, COO of MEXC exchange. “We can and intend to offer much more through this investment, driving businesses and users to our ecosystem with a value offering built on best practices.”

Jin added that MEXC’s ultimate goal is to shift from a trading venue to an ecosystem platform that will adhere to all the needs of crypto industry participants in innovative ways.

Over the past 24 hours, the exchange saw over $3.4 billion in trading volume, up 16% on the day.