We’re right at $1B this week in the Crypto Ocean. And while the highest tier declined a bit, the low and mid-tiers have increased. Money is flowing into gaming, DeFi, and building out the infrastructure to allow more access to digital assets.
The biggest project is Acala that raised 8.5 Million DOT worth $451.8MM; Polkadot’s first para chain.
Low Tier ($14.8MM)
Cardano's DeFi Hub, Ardana (DANA), raised $1.5MM in two token sales
Subsquid building decentralized indexing technology with new $3.8MM funding
FTX backs CoinMENA in $9.5MM seed round to build a Crypto exchange for the Middle East
Mid Tier ($284.7MM)
Crypto compliance startup Notabene raised $10.2MM Series A
Crypto market surveillance firm Solidus Labs raised $15MM
DeFi liquidity provider WOO Network raises $30MM in Series A round
Cosmos-based smart contract platform Agoric raised $32MM and launched mainnet
Three Arrows Capital, Jump Capital-backed $40MM Neon Labs token sale
VanEck led $50MM raise for Cadenza Ventures’ Crypto Fund
Ethereum Layer 2 developer Matter Labs raised $50MM
Argo Blockchain hoped to raise $57.5MM for Texas mining facility via public offering
High Tier ($710MM)
Reddit co-founder to invested $100MM in social media on Solana
FTX, Solana Ventures, and Lightspeed create $100M Web3 gaming investment
Klarna-challenger Zilch triples valuation with $110MM Series C fundraise and eyes US expansion
DeFi protocol Acala raised $400MM in crowd loans during first Polkadot para chain auction
In addition, Circle is the latest company to launch a venture fund to invest in early-stage blockchain projects and companies. Also, Binance is looking to fund dYdX Derivatives Exchange Rival Deri on BSC.
