Imperial reportedly raises $1.5 million seed round for Solana perps platform

Imperial, a Solana-based trading terminal for perpetual futures, raised $1.5 million in a seed round to expand its platform, according to a report from SolanaFloor. The funding picture is murkier than a tidy press release would suggest. Public statements tied to the project have stressed backing from B&J Studios rather than outside venture capital, and no investor list or deal documentation has surfaced to confirm a raise. That matters because figures between $1.5 million and $2 million have circulated around the project. Without paperwork, the round remains a reported number rather than a confirmed one. What Imperial actually does Imperial operates as both a trading terminal and an order router. The router sends orders to venues including Phoenix, FlashTrade, GMTrade, and Jupiter Perps. On top of routing, the platform offers features aimed at active traders. These include advanced order types, detailed profit and loss tracking, and a community points program that rewards trading activity. Armada and the 1 basis point fee The more notable product update is Armada, which Imperial describes as a PropAMM. It is designed to provide low-cost liquidity while keeping every transaction...