Bollcoin, October 27: Spicenet, a brokerage network for onchain finance, announced the completion of a $5 million Series A funding round led by dao5, with participation from Babylon and Astrarizon. Together with the previously closed $3 million seed round co-led by Hack VC and Magnus Capital, total funding has reached $8 million. The new capital will be used to launch Spice Edge, a cross-venue margin product, and the SPICE token, as well as to provide initial liquidity for products within the network. Trading volume on the beta of its cross-chain interaction product Spice Flow has exceeded $160,000. Spice Edge will launch its beta soon, with Derive as its first partner.