Blockchain Funding Plummets 72%: Electric Capital Leads Amid DeFi and Social Investments

Last week, the crypto ecosystem saw a total of $112.80M raised across 18 rounds. This marks a -72.42% decrease in funds raised and a -14.29% decrease in rounds compared to the previous week.

Most Active Investors

Electric Capital, participated in 4 rounds, making it the most active investor in this space. Their focus last week was on categories: Blockchain Infrastructure, Blockchain Service, Social, DeFi.

Mert Mumtaz, with 2 rounds, their focus was on categories: Blockchain Infrastructure, Blockchain Service.

Big Brain Holdings, who invested in 2 different rounds, focusing on categories: GameFi, DeFi.

Most Interesting Categories

Blockchain Infrastructure, with $41.70M raised in 3 rounds. Against $218.75M raised in 2 rounds last week.

DeFi, with $24.30M raised in 6 rounds. Against $58.00M raised in 2 rounds last week.

Social, with $20.40M raised in 3 rounds. Against $36.68M raised in 5 rounds last week.

Biggest Rounds

Nexus Laboratories, Blockchain Infrastructure with $25.00M raised from DragonFly Capital, Blockchain Founders Fund, Faction, Pantera Capital, Lightspeed Venture Partners. Nexus is open-source, modular, and extensible, optimizing prover performance and supporting custom computations. It aims to enhance digital interactions with a focus on correctness, transparency, and security, making large-scale verifiable computing accessible and efficient.

Layer3, Social with $15.00M raised from Immutable, King River Capital, Amber Group, Tioga Capital Partners, Leadblock Partners, Electric Capital, Lattice, ParaFi Capital, Greenfield Capital. Layer3 is the omnichain distribution and identity network. It aims to revolutionize value distribution and user identity across multiple blockchains. By enabling ecosystems to reward users directly for their participation, the platform creates a permissionless and trustless environment that incentivizes user contributions as it builds out the most robust distribution network through a virtuous flywheel.

Nuffle Labs, Blockchain Infrastructure with $13.00M raised from Sandeep Nailwal, Fabric Ventures, Mert Mumtaz, Dovey Wan, BlackDragon, Robot Ventures, Sreeram Kannan, Sam Kazemian, Jordi Alexander, Canonical Crypto, DeFi Dad, Lyrik Ventures, AlphaLab Capital, Near Foundation, Electric Capital. Nuffle Labs builds out NEAR's Data Availability Layer (NEAR DA), the NEAR Fast Finality Layer (NFFL) and other products in the NEAR modular product suite.

Squads, Blockchain Service with $10.00M raised from Mert Mumtaz, Coinbase Ventures, Placeholder Ventures, RockawayX, L1 Digital, Electric Capital. Squads Protocol is building the tools necessary for web3 teams to manage their treasuries and program upgrades all inside one easy-to-use interface. Providing web3 teams a place where they can carry out essential protocol & business operations smoothly and completely on-chain is Squads's first step towards developing an array of tools facilitating efficiency for web3 businesses.

Ava Protocol, DeFi with $10.00M raised from Shima Capital, Taisu Ventures, Bing Ventures, Bloccelerate, Electric Capital. Ava Protocol is an intent-based infrastructure that empowers private autonomous transactions for Ethereum and beyond. Ava Protocol�s event-driven execution model triggers cross-chain transactions based on signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across different blockchains, including Ethereum, ensuring efficient and reliable execution without compromising privacy.