Blockchain Funding Soars to $234.38M, Led by Chain and DeFi Investments

Blockchain Funding Soars to $234.38M, Led by Chain and DeFi Investments

A total of $234.38M was raised across 14 rounds last week. This marks a 40.56% increase in funds raised compared to the previous week, while the number of rounds saw a 33.33% decrease.

Most Active Investors

1kx participated in 3 rounds, focusing on categories: Blockchain Service, Blockchain Service, Chain.

Jordi Alexander engaged in 2 rounds, with a focus on DeFi and Chain.

Guy Young also invested in 2 rounds, concentrating on DeFi and Chain.

Most Interesting Categories

Chain raised $114.00M in 2 rounds, up from $55.25M in 7 rounds last week.

DeFi saw $86.29M raised in 5 rounds, compared to $48.20M in 3 rounds the previous week.

Blockchain Service garnered $28.09M in 6 rounds, down from $32.10M in 4 rounds last week.

Biggest Rounds

Celestia, Chain with $100.00M raised from 1kx, Syncracy Capital, Placeholder Ventures, Robot Ventures, Bain Capital Crypto. Celestia offers a modular blockchain network with a unique data availability layer, enhancing transaction efficiency and reducing costs.

Infinex, DeFi with $65.29M raised from a diverse group of investors. Infinex is a decentralized perpetuals exchange designed to mimic centralized exchanges, enhancing user experience while maintaining security.

Initia, Chain with $14.00M raised from top investors. Initia is an interoperable network utilizing MoveVM, enabling seamless communication across various blockchain ecosystems.

Mawari, Blockchain Service with $10.80M raised from notable backers. Mawari focuses on scaling spatial computing through a decentralized physical infrastructure network on Solana.

Mind Network, DeFi with $10.00M raised from various investors. Mind Network serves as a fully homomorphic encryption layer for AI and PoS networks, enhancing security and data integrity.

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