Weekly Recap: Cryptocurrency Investment Highlights (Feb 19 - Feb 25)
Overview
According to statistics, there were 34 funding rounds executed in the global blockchain market from February 19 to February 25, totaling 240.81 million dollars. The number of funding rounds increased by 13 and the amount of funds increased by 75.7%, compared with the previous week.
The number of funding rounds in sectors of Infrastructure and DeFi is the highest, 11 of which are in the infrastructure and 7 in the DeFi area.
The funds raised in the infrastructure sector are the highest, which is 170 million dollars.
Funding in different sectors
Infrastructure
EigenLayer
Round
Series B
Amount
$100M
Investors
a16z, Polychain…
Project Intro: EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the rehypothecation of ETH on the consensus layer. Users who stake ETH can opt-in to EigenLayer smart contracts to restake their ETH and extend cryptoeconomic security to additional applications on the network. Part of EigenLayer's potential lies in its ability to aggregate and extend cryptoeconomic security through restaking, and to validate new applications being built on top of Ethereum.
AltLayer
Round
Strategic
Amount
$14.4M
Investors
Polychain, Hack VC…
Project Intro: AltLayer is a system of highly scalable, application-dedicated execution layers that derive security from an underlying L1/L2. It is designed as a modular and pluggable framework for a multi-chain and multi-VM world. At its core, AltLayer consists of several optimistic rollup-like execution layers called flash layers, featuring a novel innovation that makes them disposable and thus highly resource-optimized.
Flare Network
Round
/
Amount
$35M
Investors
DWF Labs
Project Intro: Flare is a Layer-1 blockchain that enables secure, universal interoperability between chains, scaling blockchain use by allowing all digital assets and on-chain information to flow freely. Its consensus protocol for external data allows decentralized applications on Flare to safely and trustlessly acquire and use information from other blockchains and real-world data sources, solving the oracle problem and ushering in a new era of utility.
Clave
Round
Pre-Seed
Amount
$1.6M
Investors
zkSync Labs
Clave is an easy-to-use non-custodial smart wallet powered by Account Abstraction and the Hardware Elements (e.g Secure Enclave, Android Trustzone etc.), offering a unique onboarding process.
Helius
Round
Series A
Amount
$9.5M
Investors
Foundation Capital, Reciprocal Ventures
Helius aims to help creators overcome these obstacles by providing APIs (or application programming interfaces) to understand on-chain data and query transactions, as well as webhooks that enable automations and bots, plus RPC nodes that allow Solana apps to interact with the blockchain. All in all, they are designed to simplify complexity and facilitate application development.
NodeShift
Round
Seed
Amount
$3.2M
Investors
Inovo VC
NodeShift is a decentralized cloud service provider that provides a single API for accessing independent data center operators' redundant compute, storage and graphics accelerators and connecting to low-cost decentralized web services such as Akash and Filecoin.
BEVM
Round
/
Amount
/
Investors
ViaBTC Capital
BEVM is a decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas. It allows all DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2.
Citrea
Round
Seed
Amount
$2.7M
Investors
Galaxy
Citrea is a Bitcoin’s ZK rollup and an execution layer that settles on Bitcoin. Every transaction occurring on Citrea is fully secured by zero-knowledge proofs and verified by Bitcoin through BitVM.
Inco Network
Round
Seed
Amount
$4.5M
Investors
1kx, Circle Ventures
Inco Network is an EVM Layer-1, utilizing fully homomorphic encryption (FHE) to enable composable and operable confidential states. Its fhEVM (FHE + EVM) makes it possible to write private smart contracts and perform computations on top of encrypted data without requiring its decryption. This innovation unlocks a wide range use cases with confidentiality components, such as card games, DID, private voting, dark pools, etc. - paving the way for a new era of possibilities.
Nest Wallet
Round
Seed
Amount
$3.6M
Investors
Inception Capital, Orange DAO
Nest Wallet is a multi-chain wallet built for traders. Powered by Safe, Nest Wallet adds a more friendly UI/UX for team to easily manage multiple Safe wallets and streamline the transaction signing process.
DeFi
ZeroLend
Round
Seed
Amount
$3M
Investors
Momentum 6
ZeroLend is a decentralized lending protocol on zkSync. Designed to provide individuals and businesses with a secure and transparent platform for borrowing and lending digital assets. The protocol operates in a peer-to-peer manner, eliminating the need for intermediaries such as banks or traditional financial institutions.
After announcing the launch of their platform token $ZERO, ZeroLend has introduced a series of activities to encourage users to complete tasks and accumulate points. Recently, they have collaborated with the growth platform TaskOn to release a new set of activities.
Shutter
Round
IDO
Amount
$8.31M
Investors
OKX Ventures
Shutter Network is an open-source project that aims to prevent front running on Ethereum by using a threshold cryptography-based distributed key generation (DKG) protocol.Shutter allows users to send encrypted transactions in a way that protects them from front runners on their path through the dark forest (the metaphorical hunting ground of front runners that each transaction must cross).
OX.FUN
Round
/
Amount
$4M
Investors
Gen Block Capital
OX.FUN is a crypto derivatives trading platform. The core element of the gamified experience on OX.FUN revolves around the OX Farm. User can also expect to see leaderboards, competitions and copy trading vaults to help maximize the trading adventure.
Renzo
Round
/
Amount
/
Investors
OKX Ventures, Binance Labs
Renzo is a restaking protocol based on EigenLayer. Renzo abstracts the complex process of re-staking for end users, and stakers do not have to worry about the active selection and management of operators and reward strategies. ezETH is Renzo’s liquid, heavily-collateralized token that automatically captures rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-collateralization rewards.
Singularity
Round
/
Amount
$2.2M
Investors
OKX Ventures, Binance Labs
Singularity is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated whilst leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir.
Honeypot Finance
Round
Pre-seed
Amount
/
Investors
AC Capital
Honeypot Finance is whipping up a community-run DeFi Hub that have a honey-flavored flywheel model that churns out dual incentives.
INIT Capital
Round
Seed
Amount
$3.1M
Investors
Robot Ventures, Mirana Ventures…
INIT Capital is a Liquidity Hook Money Market: Lend, Borrow, and Access Yield Strategies with Liquidity Hook. Serving as the DeFi liquidity infrastructure for dApps to build on top, INIT facilitates diverse activities, including lending, borrowing, and yield strategies. INIT is where dApps and users meet, offering both permissionless access to a unified liquidity pool and efficient yield strategy management.
GameFi
Shuffle
Round
Seed
Amount
$2.5M
Investors
Karatage, Cypher Capital
Shuffle is an all-new crypto casino that support numerous games and jackpots available for players.
Matr1x
Round
Strategic
Amount
/
Investors
Animoca Brands, SevenX Ventures…
Matr1x is the brand of Metaverse, planning to build the brand through high-quality games developed by themselves or in collaboration with third parties, game IP development and cooperation, and global Esports tournaments. Matr1x will express its game trilogy (Cyber Earth - Mars Immigration - Interstellar Exploration) through three large-scale games with a unified worldview: Matr1x FIRE (First-person shooter), Matr1x WAR (Shooting+MMORPG), and Matr1x EVOLUTION (SOC).
Monkey Tilt
Round
Private
Amount
$21M
Investors
Polychain, Hack VC…
Monkey Tilt is an online gambling platform focused on the convergence of cryptocurrencies and online gambling. Players can win real money by correctly predicting whether the player they choose will exceed or fall short of their statistical prediction.
Crystal Fun
Round
Seed
Amount
$5M
Investors
Waterdrip Capital, Kucoin Ventures…
Crystal Fun is a decentralized gaming mega-ecosystem and studio. It aims to seamlessly integrate high-quality games within sustainable economic systems, ushering in a groundbreaking gaming experience into Web3.
Loong City
Round
/
Amount
$2M
Investors
MAZARINE SEA
Loong City is the first original IP PFP metaverse project based on an improved ERC404 protocol. Autopunk and traditional China constitute the core elements of Dragon City. Each PFP is an entry ticket to this fictional world.
NFT
Prom
Round
/
Amount
/
Investors
DWF Labs
Prom is the primary access point to the Web3 gaming ecosystem. With a robust marketplace at its core for trading and exchanging NFT assets, Prom offers an array of services including rental and mortgage solutions, comprehensive asset management tools, and an educational section with in-depth guides.
Tools
FortyTwo
Round
Strategic
Amount
/
Investors
LBankLong, Hash Ventures
FortyTwo is a Cosmos Portfolio View Platform that allows users to clearly see the breakdown of their Cosmos holdings. Users can can connect one or a bundle of wallets.
Tornado Blast
Round
Strategic
Amount
/
Investors
Atka Capital
Tornado Blast is a Blast L2-native bot to trade and snipe tokens. User can earn $BLAST, $TRNDO & revenue share reward
SocialFi
Beoble
Round
Seed
Amount
$5M
Investors
Hashkey Capital, DWF Labs…
Beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Its product includes a web-based chat app, as well as a toolkit that allows Dapps to integrate.
Others
HackQuest
Round
Pre-Seed
Amount
$1.1M
Investors
HashKey Capital
HackQuest is the gateway to the Web3 development world, providing a comprehensive, one-stop educational infrastructure that minimizes friction and helps onboard developers and nondevelopers to the world of Web3.
TruePNL
Round
M&A
Amount
/
Investors
Gate.io Labs, Magic Square..
TruePNL is a multi-chain launchpad that connects blockchain projects and crypto investors, providing a convenient, transparent, and secure mechanism for raising capital, investing, and distributing tokens. The platform enables cryptocurrency projects to raise funds by creating token exchange pools and launching public or private sale rounds using smart contracts on the Ethereum and Binance Smart Chain networks.
Superfluid
Round
Strategic
Amount
$5.1M
Investors
Fabric Ventures, Multicoin Capital…
Superfluid is a Web3 streaming payments protocol for handling subscriptions, salaries, rewards, or any other composable stream of value on a per-second basis. Its core feature is "streaming" payments, where money flows from one address to another in real-time, based on programmable logic and a single on-chain transaction.
Silencio
Round
Pre-seed
Amount
$1M
Investors
Borderless Capital, Moonrock Capital
Silencio is a global network that measure noise pollution. User will get rewarded for measuring noise pollution with phone.
CeFi
Januar
Round
Seed Plus
Amount
$12M
Investors
CMT Digital
Januar is a European payment gate for crypto companies. Innovative EU crypto companies use Januar's payment account solutions to accept payments and send payouts while maintaining full compliance and stable business operations.