Trading infrastructure for wallets.
No frontendHFT-enabledChain-agnostic
Swap volume · by affiliate · live · through Jun 19
Compounding growth.
We’re winning the routes we cover, growing ~2.3× month-over-month on organic flow alone. That trajectory alone puts us profitable in ~3 months. The >5 major wallet integrations pending are multipliers on top.
Loading live volume data…
Cumulative volume
$45M+
since launch, zero downtime
Avg daily volume
…
trailing 20 days
Monthly growth
…
doubling ~every 25 days
Projected first-year volume
~$300M*
first 12 months
* Full $300M projection walkthrough on a follow-up call.
Product in-flight · limit orders imminent
Limit orders unlock CEX-scale.
Current volume derives from the well-defined category of market-price, cross-chain swaps. Limit orders are a net-new opportunity, broadly differentiated from intents protocols. We’re first to market with a wallet-native, spot Bitcoin order book, and liquidity network effects compound the lead.
The gap we're closing
Wallet major-pair volume
~$280M/mo
Leading CEX, same pairs
~$360B/mo
Volume gap, same asset class
~1,285×
Wallets hold a sizable share of CEX users but route a fraction of a percent of the major-pair volume, because they have no order book. Close even 0.5% of the gap and it’s +$1.8B/mo of new volume.
Why a CLOB in the wallet wins
CEX-grade execution. Sub-second matching, maker/taker fees, HFT API. Indistinguishable from a CEX for the user.
Shared order book across wallets. Every wallet we add feeds the same book. More flow → more MMs → tighter spreads → more users.
Taker flow is automatic. Every existing wallet swap routes through the book, feeding the flywheel with zero UX change.
Many wallets, one shared book, no frontend to capture. Every new wallet feeds the MMs; every new MM tightens spreads for every wallet. Harbor becomes the venue for cross-chain price discovery.
Wallets
Trust Wallet
Phantom
MetaMask
Wallet N
Harbor CLOB
What happens
1
Flow routes inmarket swaps become taker flow · limit orders rest on the book
2
MMs concentrate depthliquidity follows the aggregated wallet flow
3
Spreads tightenusers get CEX-grade pricing without leaving the wallet
more wallets→more users→more orders→more MMs→more liquidity→tighter spreads
V I R T U O U S C Y C L E
Owning price discovery is what makes Harbor defensible. From that base, we roll out the rest of the stack on the same liquidity: borrow/lend, margin, and derivatives to compete with CEXs directly.
We reserve the right to launch a native frontend and token; neither is on the immediate roadmap.
Team · investors · the opportunity
Built by DeFi and HFT veterans.
Team
Michael Oved
Partner at Virtu Financial. Founded AirSwap, one of the first DEXs on Ethereum, then built MetaMask Swaps, a top revenue generator in DeFi.
Pluto + 2 THORChain protocol engineers
The team that secured the first Bitcoin DEX, growing it to $100b+ in volume. Experts in threshold-signature vaults and running decentralized L1s at scale.
Backed by Susquehanna and the market makers that quote our book, alongside top exchanges and family offices.
The opportunity
Profitable in ~3 months on current traction, so a raise isn’t a necessity. We’re open to a capital raise to move faster, the limit-order launch and >5 wallet integrations are right in front of us.
