DeFi protocol DFlow has raised $5.5 million in a financing round led by Framework Ventures, with participation from Coinbase Ventures, Circle Ventures, and others. DFlow allows market makers to purchase order flow directly from wallet applications, with the guarantee that the market maker will provide execution at the best price. It defines best price as the lowest public price aggregated against both centralized and decentralized exchanges. DFlow aims to improve the current costly and low-quality execution of crypto trading for retail customers, and is inspired by the equities markets' model of payment for order flow. DFlow will bring transparency to the process through blockchain technology and an open-source reputation tracking algorithm to score market makers.

(By Tracy Wang)