Crypto Investment Weekly Update: $35.15M Raised, Blockchain Services Lead Amid Decline

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Nov 10, 2024 — 1 min read

Summary of the Week's Results

Last week, the crypto investment landscape saw a total of $35.15M raised across 19 rounds. This marks a significant decrease of 80.77% in funds raised and a 34.48% drop in the number of rounds compared to the previous week.

Most Active Investors

Comfy Capital participated in 2 rounds, focusing on Blockchain Service and DeFi. Their strategic investments highlight a commitment to enhancing decentralized finance solutions.

PAKA also engaged in 2 rounds, concentrating solely on Blockchain Service, showcasing their interest in foundational technologies for the crypto space.

Waterdrip Capital was active in 2 rounds, targeting Blockchain Service and GameFi, indicating a diverse investment strategy that spans essential blockchain services and gaming innovations.

Most Interesting Categories

Blockchain Service led the week with $18.50M raised in 6 rounds, down from $51.10M in 11 rounds last week, reflecting a shift in investor focus.

Chain secured $8.30M in 2 rounds, a steep decline from $47.50M in 5 rounds the previous week, indicating a cooling interest in chain technologies.

GameFi garnered $5.34M across 3 rounds, down from $32.50M in 4 rounds last week, suggesting a dip in gaming-related investments.

Biggest Rounds

Vlayer, Blockchain Service with $10.00M raised from Andreessen Horowitz (a16z) and others. Vlayer is building "Solidity 2.0," enabling real-world data integration into Ethereum smart contracts.

Cytonic, Chain with $8.30M raised from Public Works and partners. Cytonic is developing a multi-VM blockchain for seamless connectivity across Bitcoin, Ethereum, and Solana.

Pond, Blockchain Service with $7.50M raised from NxGen and numerous investors. Pond creates a search engine using on-chain data to explore blockchain connections and develop AI models.

A-WORLD, GameFi with $5.00M raised from Soave Swap and others. A-world is a metaverse card game on BNB Chain where players build towers to defeat monsters.

Usual, DeFi with $1.50M raised from Breed VC and Comfy Capital. USUAL aims to issue secure fiat stablecoins, leveraging RWAs for a decentralized financial ecosystem.

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