Crypto Funding Sees Sharp Decline: DeFi, CeFi, Blockchain Service Lead the Pack
Last week, the crypto ecosystem saw $104.68M raised across 15 rounds, a sharp decline of -51.09% in funds and -31.82% in rounds compared to the previous week.
Most Active Investors:
RockawayX, participated in 4 rounds, focusing on DeFi, Social, Social, and CeFi.
Bankless, engaged in 3 rounds, targeting Social, Social, and Blockchain Service.
Anagram Crypto, involved in 3 rounds, all within the Social category.
Most Interesting Categories:
DeFi, raised $56.70M in 5 rounds, down from $116.70M in 5 rounds last week.
Blockchain Service, garnered $18.38M in 4 rounds, compared to $25.71M in 4 rounds the previous week.
CeFi, secured $15.20M in 2 rounds, a slight dip from $18.50M in 2 rounds last week.
Biggest Rounds:
Morpho, DeFi with $50.00M raised from Cherry Ventures, Mirana Ventures, IOSG Ventures, Coinbase Ventures, Fenbushi Capital, Andreessen Horowitz (a16z), Variant, Pantera Capital, Semantic Ventures, Hack VC, Robot Ventures, Kraken Ventures, Leadblock Partners, RockawayX, Brevan Howard Digital, Blocktower Capital, L1 Digital, Ribbit Capital. Morpho is a decentralized lending protocol optimizing P2P lending and borrowing on platforms like Aave and Compound.
Layer2 Financial, CeFi with $10.70M raised from Sapphire Ventures, Accomplice Blockchain, Galaxy. Layer2 Financial offers a Payments and Banking as a Service platform for fintechs, providing compliant payments, banking, and digital asset wallets via a single API.
Daylight, Blockchain Service with $9.00M raised from Lerer Hippeau, Escape Velocity, Framework Ventures, Lattice, Andreessen Horowitz (a16z). Daylight is developing a decentralized protocol for connecting energy devices to its app, offering rewards and access to energy upgrades.
Hyperbolic Labs, Blockchain Service with $7.00M raised from Third Earth Capital, Sandeep Nailwal, LongHash Ventures, Santiago R. Santos, Kenny Li, Balaji Srinivasan, CoinSummer, BlackDragon, Bankless, Nomad Capital, Sandy Peng, WSB Mod, Illia Polosukhin, Republic Capital, Chapter One, Tekin Salimi, Kenzi Wang, Polychain Capital, Faction. Hyperbolic provides a cloud platform for scalable GPU resources and AI services, offering high-throughput AI inference and monetization for idle GPUs.
Icebreaker, Social with $5.00M raised from Legion Capital, Anagram Crypto, Accomplice Blockchain, CoinFund. Icebreaker is a Web3 professional network that uses blockchain to verify qualifications and recommendations, consolidating professional profiles into a single, verified channel.
