Crypto Weekly Roundup: $166.75M Raised in 21 Rounds, Blockchain Service Leads Funding
Summary of the Week’s Results
Last week, the crypto ecosystem saw a total of $166.75M raised across 21 rounds. This reflects a -2.77% decrease in funds raised compared to the previous week, while the number of rounds remained unchanged at 0.00%.
Most Active Investors
Public Works participated in 3 rounds, focusing on categories like Blockchain Service, Blockchain Infrastructure, and Chain.
Foresight Ventures was involved in 2 rounds, targeting Chain and Blockchain Service.
Multicoin Capital also took part in 2 rounds, primarily in DeFi and Blockchain Service.
Most Interesting Categories
Blockchain Service led with $55.25M raised in 7 rounds, up from $54.35M in 6 rounds last week.
Chain followed closely with $48.20M raised in 3 rounds, a slight decrease from $50.00M in 1 round last week.
DeFi garnered $32.10M in 4 rounds, down from $37.10M in 7 rounds the previous week.
Biggest Rounds
Toncoin, Chain with $30.00M raised from Foresight Ventures, Bitget. TON is a decentralized layer-1 blockchain by Telegram, designed for fast transactions and low fees.
Drift Protocol, DeFi with $25.00M raised from Primitive Ventures, Folius Ventures, Blockchain Capital, Multicoin Capital. Drift builds a decentralized perpetual protocol on Solana, offering diverse derivative markets.
Helius, Blockchain Service with $21.75M raised from Spearhead, 6th Man Ventures, Chapter One, Foundation Capital, Founders Fund, Haun Ventures. Helius provides APIs for on-chain data, streamlining app development.
Hemi Network, Chain with $15.00M raised from a diverse group of investors. This modular protocol enhances blockchain networks, creating a connected ecosystem.
Pipe Network, Blockchain Service with $10.00M raised from Anatoly Yakovenko, Meltem Demirors, Solana Ventures. Pipe Network is a decentralized CDN on Solana, enabling contributors to deploy Points of Presence for better media access.
