Crypto Weekly Roundup: $169M Raised, DeFi Dominates, and Top Investors Shine!
Summary of the Week's Results
Last week, the crypto space raised a total of $169.10M across 23 rounds. This marks a significant increase of 65.82% in funds compared to the previous week, though the number of rounds saw a decrease of 11.54%.
Most Active Investors
Animoca Brands led the pack, participating in 6 rounds, focusing on categories like GameFi, DeFi, and Blockchain Infrastructure. echo followed with 3 rounds, concentrating on Blockchain Service and Chain. Hack VC was involved in 2 rounds, targeting Social and Blockchain Infrastructure sectors.
Most Interesting Categories
DeFi attracted $47.50M in 5 rounds, up from $29.98M in 7 rounds last week. Blockchain Service raised $40.60M through 7 rounds, an increase from $28.40M in the same number of rounds last week. Blockchain Infrastructure secured $32.50M in 4 rounds, up from $18.40M in last week's 4 rounds.
Biggest Rounds
Glow, Blockchain Service with $30.00M raised from Framework Ventures, Union Square Ventures. Glow aims for 100% renewable energy by decentralizing electric grids globally via a network of solar farms.
Nillion, Social with $25.00M raised from Ansem, Meltem Demirors, and others. Nillion is a decentralized public network utilizing Nil Message Compute (NMC) for enhanced cryptographic security.
Ellipsis Labs (Phoenix Trade), DeFi with $21.00M raised from Anatoly Yakovenko, Electric Capital, and more. Ellipsis Labs builds efficient DeFi protocols on high-throughput decentralized infrastructure.
Citrea, Chain with $14.00M raised from echo and a host of notable investors. Citrea enhances Bitcoin's blockspace using zero-knowledge technology for seamless application development on Bitcoin.
Gelato, Blockchain Infrastructure with $11.00M raised from Animoca Brands, IOSG Ventures, and others. Gelato Network automates smart contract executions for web3 developers across various blockchains.
