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Global Blockchain Week raised $568 million with 20 events, making the DeFi sector the most active.
Global Blockchain Investment and Financing Weekly Report: 20 events last week, with a total scale of over 568 million USD
According to statistics, there were a total of 20 investment and financing events in the global blockchain sector last week (June 2 - June 8), with a total funding scale exceeding $568 million, significantly increasing compared to the previous week. The specific situation is as follows:
DeFi
IOST has completed a strategic financing round of $21 million, with multiple institutions participating. This funding will be used to promote upcoming products, deepen ecosystem integration, and solidify IOST's position in the RWA 3.0 innovation space.
The startup company Rails has completed a $14 million funding round. The hybrid trading platform launched by the company combines the execution speed of centralized exchanges with the asset control of on-chain custody.
The Base ecosystem derivatives exchange Avantis has completed an $8 million Series A financing. Avantis has become the largest derivatives protocol on the Base blockchain, with a cumulative trading volume exceeding $7.5 billion and over 60,000 users.
The stablecoin banking platform Limited has completed a $7 million seed round financing. Limited has built a comprehensive payment platform that integrates the security of self-custodied stablecoins with the convenience of high-end banking services, currently covering 176 countries.
The crypto lending startup 3Jane has completed a $5.2 million seed round financing. 3Jane plans to build the first credit-based money market protocol, focusing on bringing unsecured credit into the digital asset space.
The on-chain staking and yield protocol HashPower has completed a $4 million strategic financing. The funds will be used to expand global decentralized mining capabilities and to build digital asset and AI infrastructure through permissionless on-chain access.
The on-chain hedge fund platform Neutral Trade has completed a financing of 2 million USD. This funding will be used to support the expansion of Ethereum, Layer 2 networks, and centralized exchanges.
The crypto derivatives trading protocol Variational has completed a strategic financing of $1.5 million. Variational is a peer-to-peer trading protocol designed specifically for perpetual contracts and generalized derivatives.
The ecological DEX Momentum has completed a strategic round of financing, with a valuation of 100 million USD. The funds will be used to expand its ecological DeFi business. Momentum adopts an innovative ve(3,3) model, achieving a trading volume of 3 billion USD within two months of its launch.
Web3 Games
AI gaming startup Launcher has completed a $4 million seed round financing. The project aims to reconstruct the gaming industry ecosystem through AI and on-chain IP, lowering the threshold for story creators and developers.
AI
The decentralized artificial intelligence company RabitiAI has completed a $5 million financing round. The funds will be used to build tools and infrastructure that enable users to deploy and manage artificial intelligence models on a cross-Blockchain architecture.
The DeFAI project HeyElsaAI has completed a $3 million fundraising. The core of HeyElsa is a proprietary natural language interface built on multiple open-source LLMs.
The decentralized AI computing network AINX has completed a $2 million seed round of financing. The upcoming roadmap for AINX includes the launch of NodeX 100, a multi-chain computing leasing market, and more.
Infrastructure and Tools
Web3 security solution provider Dedge Security has completed a €4 million seed round financing. The funds will be used to build an ASPM platform specifically designed for the Web3 environment.
The DA Layer Interoperability Protocol Sunrise has completed a $3 million seed round of financing. The funds will support its integration of data availability layer and liquidity center functionalities into a single platform.
The Web3 identity protocol Shards Protocol has completed a $2 million financing round. The funds will primarily be used to develop its flagship product Aura, a system that transforms users' on-chain activities into verifiable reputation and rewards.
YZi Labs announced that it has invested in the open-source hardware wallet company OneKey. The new funding will be used for the research and development of the next generation of hardware, as well as to enhance on-chain threat detection.
Others
SharpLink Gaming completed a $425 million private placement. SharpLink plans to use this funding to purchase Ethereum's native asset ETH and hold it as a primary reserve asset.
Centralized Finance
Digital asset bank group Sygnum has completed a $58 million strategic growth round of financing, with a post-investment valuation exceeding $1 billion. The funds will primarily be used for market expansion in the EU/EEA by 2025 and for compliance business layout in Hong Kong.
A company announced an investment in the Chilean digital asset exchange Orionx. This investment will help Orionx complete its Series A financing, strengthen its regional business, and enhance its technological capabilities.
A joint study shows that among the 1181 crypto projects that received venture capital from January 1, 2023, to December 31, 2024, nearly 45% have ceased operations, and 77% have monthly revenues of less than $1000.