Compiled by Golden Finance
This week, 23 blockchain startups received $154.1 million in financing. The largest financing was Conduit, which raised $37 million in Series A; 3 projects received Series A investment, and 20 projects received investment in other rounds.
The largest financing round this week
1. Conduit
Conduit raised $37 million in Series A funding, and investors included Paradigm, HAUN Ventures, Coinbase Ventures, Bankless Ventures, Robot Ventures, Credibly Neutral, Hayden Adams, Tim Beiko, Hasu, Nick White, Liam Horne, Sreeram Kannan, Uma Roy, Tarun Chitra, Zaki Manian, Mustafa Al-Bassam, Calvin Liu, Henri Stern, Yi Sun and Scott Sunarto.
About Conduit
Conduit is a crypto infrastructure platform that makes it quick and easy to deploy production-grade OP chains (rollups based on the Optimistic Ethereum protocol) without having to deal with operational issues of scalability, reliability, and upgrades yourself. DeFi protocols, gaming companies, NFT platforms, and other on-chain providers can use Conduit to scale their applications.
Pre-seed and Seed Funding Rounds
2. Rebar Labs
Rebar Labs raised $2.9 million in a seed round from investors including 6th Man Ventures (6MV), Arca Fund, ParaFi Capital, Moonrock Capital, and UTXO Management.
About Rebar Labs
Rebar Labs is developing MEV-aware infrastructure, products, and research for Bitcoin, with a focus on emerging on-chain ecosystems. By introducing meta-protocols such as Runes and BRC-20, as well as deploying L2 and rollups, Rebar Labs aims to enhance the complex market activities and economic interactions within Bitcoin.
3. MegaLabs
MegaLabs (MegaETH) raised $20 million in a seed round of financing from investors including Dragonfly Capital, Figment Capital, Robot Ventures, Big Brain Holdings, Folius Ventures, Credibly Neutral, Meltem Demirors, Vitalik Buterin, Hasu, Santiago R. Santos, Sreeram Kannan, Cobie and Kartik Talwar.
About MegaLabs
MegaLabs is the developer of MegaETH, a blockchain that aims to achieve 100,000 transactions per second (TPS) and is fully compatible with Ethereum. MegaETH achieves real-time processing and high transaction throughput through a heterogeneous blockchain architecture and a highly optimized EVM execution environment. The architecture allows for specialization of network nodes and minimizes hardware requirements for full nodes, ensuring a fast, secure, and efficient blockchain.
4. Fenix
Fenix raised $300,000 in a seed round of funding from investors including Orbs, Lynex, Samurai Starter, and Pragma Ventures.
About Fenix
Fenix is an advanced decentralized exchange built for the Blast ecosystem, designed to accelerate the growth of the ecosystem. It provides a comprehensive infrastructure stack for traders, liquidity providers, and protocols, focusing on driving liquidity, revenue, and economic growth. Fenix simplifies the user experience and supports the development of native and external protocols while enhancing the resilience of the chain.
5. NovaNet
NovaNet raised $3 million in seed funding from Finality Capital, Arrington Capital, Avalanche Foundation, Builder Capital, Caballeros Capital, Scott Moore, and Jaynti Kanani.
About NovaNet
NovaNet is a peer-to-peer decentralized proof network that incentivizes scalable, privacy-preserving computation using zero-knowledge proofs (ZKPs). It supports a variety of ZKP schemes and zkVMs, enabling fast, secure, and efficient proof generation on multiple platforms, including browsers and consumer devices. NovaNet's modular, WASM-based infrastructure ensures broad compatibility and high performance, while its game-theoretic approach optimizes prover cooperation, reduces costs, and enhances privacy.
6. AnchorZero
AnchorZero raised $8 million in seed funding from investors including Bain Capital Crypto, Spark Capital, Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital and Sarah Meyohas.
About AnchorZero
AnchorZero is a blockchain technology company focused on developing a decentralized oracle network that provides secure and reliable data feeds for smart contracts. Its oracle is multi-chain compatible and can provide external data for smart contracts on multiple platforms, with a special focus on DeFi applications. In addition, AnchorZero also provides Web3 tax planning solutions, providing complex tax strategies to help users save taxes.
7. GolfN
GolfN raised $1.3 million in pre-seed funding from investors including CitizenX Crypto Ventures, Fourth Revolution Capital (4RC), Joe McCann and Nom.
About GolfN
GolfN is a Web3 golf play-and-earn game that combines traditional golf with digital rewards to make the sport more inclusive and attractive. It provides a comprehensive digital caddy application that rewards players for their on-course activities through a blockchain-based reward system. The approach aims to revitalize golf by combining tradition with Web3 innovation, increasing accessibility and participation for all participants.
8.SoSoValue
SoSoValue raised $4.2 million in seed funding from HongShan (formerly Sequoia China), GSR Markets LTD, Alumni Ventures (AVG), Coinsummer Labs, and OnePiece Labs.
About SoSoValue
SoSoValue is a financial research platform for cryptocurrency investors, providing high-quality macro market information to enhance investment research. It features an AI-based classified news and research system that connects macroeconomic data with the cryptocurrency market for smarter decisions.
Other funding rounds
9.Bluefin
Bluefin (formerly Firefly, dTrade) raised an undisclosed amount in funding from investors including Flow Traders.
About Bluefin
Bluefin is a Substrate-based order book decentralized exchange (DEX) for perpetual swaps and options trading. Thanks to Polkadot's shared security, high throughput and low latency transactions, micro gas fees, and cross-network interoperability, Bluefin provides traders with a high-performance and secure derivatives DEX.
10. Redacted
Redacted raised $10 million in funding from The Spartan Group, Animoca Brands, P2 Ventures (Polygon Ventures), DEXT Force Ventures, Saison Capital, HerculesDAO, Illuminati Capital, Hulk Crypto (HC Capital), OIG Capital (Oracles Investment Group), BuzzBridge Capital, Ticker Capital, Harbinger Digital Advisors, K300 Ventures, vVv dotnet, Underground, Black Dragon, Normie Capital, Yat Siu, Sandeep Nailwal, Kun Gao, Joseph Young, Adrian Lai, Icedcoffee and Brian D Evans.
About Redacted
Redacted is a Web3 entertainment ecosystem that fuses blockchain and AI to create an “entertainment datasphere” where users can play, trade and watch content while earning rewards. Powered by RDAC Token, Redacted enhances user experience through targeted data protocols and provides business opportunities for Web3 companies and decentralized applications (DApps).
11.X-Protocol
X-Protocol raised $800,000 in strategic financing, with investors including Cogitent Ventures and Zephyrus Capital.
About X-Protocol
X-Protocol is a Web3 gaming blockchain that aims to redefine online gaming by creating a dynamic, value-driven environment that empowers players and creators. It emphasizes decentralized models, cross-platform experiences, and broader crypto adoption, and aims to support entertainment, gaming, and AI applications through decentralized, scalable infrastructure, challenging traditional gaming and gambling structures. Its Xardian nodes help decentralize the network and reward node operators.
12. Crossover Markets
Crossover Markets raised $12 million in Series A funding from investors including Illuminate Financial, DRW Venture Capital, Flow Traders, Laser Digital, Two Sigma Ventures, Wintermute, Exness, GMO Internet Group, Pepperstone, Think Markets and Gate Ventures.
About Crossover Markets
Crossover Markets is a digital asset trading technology company focused on institutional liquidity in spot and derivative cryptocurrency markets. Its execution-only cryptocurrency ECN, CROSSx, separates trade execution from custody and brokerage, allowing institutions to choose their own credit counterparties. Crossover Markets does not hold client funds, handle assets or assume counterparty risk.
13. Covalent
Covalent raised $5 million in strategic financing from investors including RockTree Capital, CMCC Global, Moonrock Capital and Double Peak Group.
About Covalent
Covalent uses big data technology to create meaning from hundreds of billions of data points.
14. Ora Protocol
ORA raised $20 million in Series A funding from investors including Polychain Capital, HF0, Hashkey Capital and SevenX Ventures.
About ORA
ORA is a trustless AI for Ethereum, providing a verifiable oracle protocol that brings AI and complex computing to the chain. Its main product is Onchain AI Oracle (OAO), which allows AI reasoning within smart contracts to drive innovative development. ORA is trusted by major platforms such as Compound, Uniswap and the Ethereum Foundation to provide practical and deployable AI solutions.
15. Nillion
Nillion Raised$20M in Public Sale.
About Nillion
Nillion is a Web3 startup that aims to build a non-blockchain decentralized network for secure storage and data computing.
16. TDMM
TDMM (TradeDog Market Manager) raised an undisclosed amount in strategic financing, with investors including Blockchain Founders Fund and Anthony Scaramucci.
About TDMM
TDMM is a crypto market making company that has provided liquidity and market making services to more than 200 crypto projects since 2015. It provides comprehensive solutions for institutional clients, including yield management, exit strategies, and financial and inventory management. TDMM integrates with more than 60 exchanges and manages more than 100 assets and 300 trading pairs.
17.Argo
Argo Raised an undisclosed amount in funding, with investors including Paxos and WonderFi.
About Argo
Argo Digital Gold Ltd. is an online gold trader that provides secure digital gold and precious metals trading and storage services.
18.Enso Finance
Enso Raised $4.2 million in funding, with investors including Hypersphere and IDEO CoLab Ventures.
About Enso Network
Enso abstracts rollups, appchains, and all smart contract interactions on the blockchain for execution.
19.Shaga
Shaga raised $1 million in angel round funding from investors including Arca Fund, Marin Digital Ventures, Skybridge20 Ventures and Quotient Ventures.
About Shaga
Shaga is a decentralized gaming network that turns personal devices into computing nodes, enabling users to earn passive income by letting others connect and play games through their idle hardware. This innovative platform provides low-latency, high-performance gaming experiences through distributed local networks, and aims to revolutionize gaming by providing a decentralized, scalable solution that does not require data centers and provides a seamless gaming experience similar to Netflix.
20.Elfin Metaverse
Elfin Kingdom (formerly Elfin Kingdom) raised an undisclosed amount in funding from investors including Manta Network.
About Elfin Kingdom
Elfin Kingdom is an MMORPG metaverse that fuses DeFi and earns rewards by playing.
21.Infrared
Infrared raised an undisclosed amount in a strategic round of financing, with investors including Binance Labs Fund.
About Infrared
Infrared is the first application within the Berachain ecosystem to adopt the Proof of Liquidity (PoL) consensus mechanism. Focusing on redefining liquidity staking and combining BGT's unique soul-binding elements, Infrared aims to simplify the BGT staking process, provide a user-friendly interface, and maximize value capture through infrastructure-level PoL vaults and the creation of BGT's native liquidity staking token (LST). The platform provides incentives for liquidity providers to earn transaction fees, native token issuance, and claim liquid BGT through iBGT, while charging minimal fees and distributing performance fees to $IRED holders.
22. Legend of Arcadia
Legend of Arcadia raised $1.4 million in public sales.
About Legend of Arcadia
Legend of Arcadia is a multi-chain, free-to-play casual strategy card game that combines traditional games with Web3 GameFi 2.0. Players can collect and cultivate toy humanoids called "Toy Heroes" to increase their earnings through staking, fighting, and mining. The game features 8 professions and 6 factions of toy heroes, providing players with an immersive and rewarding gaming experience.
23.Allora
Allora raised $3 million in strategic financing, with investors including Delphi Ventures, Coin Merge Strategy (CMS), Archetype, ID Theory and DCF God.
About Allora
Allora is a self-improving decentralized AI network that provides applications with smarter and more secure AI through a network of machine learning models, leveraging cryptographic primitives for trustless access. It enables developers to build decentralized AI applications, allowing ML model creators to monetize and contribute to the collective intelligence of the network, with a novel crypto-economic mechanism to reward active model contributions, ensuring security and reliability.
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