Warlock Labs, a two-year-old company, has secured $8 million in venture funding. The firm, led by pseudonymous trader Grug, focuses on using on-chain data to process order flow responsibly. They aim to prove that none of the order flow they handle has been tampered with. The company plans to enter the Ethereum trading ecosystem, where operators can earn tens of millions of dollars annually by processing order flow. Warlock Labs also eyes expansion into market making for centralized exchanges. The funding round was led by Polychain Capital, with participation from Greenfield Capital, Reciprocal Ventures, Symbolic Capital, Ambush Capital, and TRGC. Grug believes that proving non-manipulation of order flow will become increasingly valuable, positioning Warlock Labs as a major player in this space.
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