Sign in Subscribe
report

Crypto Investment Trends: Winners and Losers of the Month

Categories

This month saw varying trends in investment across different categories. Blockchain Infrastructure raised $15M in 10 rounds, up from last month's $11M in 9 rounds, continuing an upward trend. Blockchain Service, however, saw a significant drop, raising $60M in 25 rounds compared to last month's $115M in 40 rounds. CeFi experienced a substantial increase, raising $89M in 17 rounds, up from $15M in 5 rounds last month. Chain also saw an uptick, raising $45M in 15 rounds compared to $19M in 7 rounds last month. Currency experienced a notable increase, raising $405M in 30 rounds, up from $304M in 29 rounds last month. DeFi saw a decline, raising $267M in 25 rounds compared to $375M in 43 rounds last month. GameFi experienced a significant increase, raising $215M in 17 rounds, up from $115M in 10 rounds last month. Meme saw an increase, raising $45M in 8 rounds compared to $30M in 15 rounds last month. NFT experienced a slight decline, raising $28M in 6 rounds compared to $30M in 7 rounds last month. Social saw a significant increase, raising $195M in 9 rounds, up from $115M in 13 rounds last month. Stablecoin saw a slight increase, raising $15M in 5 rounds compared to $10M in 3 rounds last month.

Biggest Rounds

Blockchain Infrastructure

  • Hylé with $4.6M raised from Framework Ventures Crypto Fund, Delphi Digital, Vitalik Buterin. Hylé builds out the Hylé network, which uses zero-knowledge proofs (ZKP) for scalability and privacy. Hylé aims to be the core layer for the modular ZK tech stack. The Hylé network runs its own consensus mechanism and is purpose-built for ZKP verification, offering developers and users options for what suits their systems.
  • Chainbound with $2.3M raised from cyber Fund Crypto Fund, Maven 11 Capital, Chorus One. Chainbound is an organization dedicated to the research and development of optimized infrastructure and network tools for blockchains. The startup is working on creating a protocol called Bolt that will enable advanced pre-confirmation on Ethereum, allowing transactions to be confirmed in seconds.

Blockchain Service

  • Edge Matrix Chain with $20M raised from Candaq, Bochsler Finance. EMC Protocol is a blockchain and peer-to-peer computing protocol with features such as smart contracts, decentralized storage, and consensus mechanisms for validating transactions. Its goal is to connect various servers, personal computers and other devices to create a decentralized computing network.
  • Space and Time with $5M raised from OKX Ventures, SamsungNext. Airstack is a key player in centralized finance, aiming to streamline and secure global financial transactions. It integrates various financial services into a single platform, enhancing operational efficiency and user experience.

CeFi

  • Airstack with $12.16M raised from Moonwalker Capital. Airstack is a key player in centralized finance, aiming to streamline and secure global financial transactions. It integrates various financial services into a single platform, enhancing operational efficiency and user experience.
  • Arch with $2.16M raised from Kenetic Capital, Tribe Capital. Arch is a financial services provider for crypto asset holders. Arch's mission is to provide safe, reliable and simple financial products to a new generation of alternative asset investors who have been let down by traditional financial institutions that do not meet their needs.

Chain

  • Quai Network with $15M raised from Polychain Capital, Jets Capital. Quai is a scalable, EVM-compliant blockchain network that enables fast, accessible, and affordable decentralized finance. Quai's solution is based on revolutionary advances in blockchain sharding technologies and the use of Proof-of-Work 2.0.
  • Ark Labs with $2.5M raised from Fulgur Ventures. Ark is a Bitcoin Layer 2 payment network designed to simplify the user experience while maintaining self-custody. Unlike the Lightning Network, Ark eliminates the need to manage payment channels or liquidity.

Currency

  • XRP with $200M raised from Pantera Capital. Most people refer to XRP as a cryptocurrency. In fact, we are talking about an open payment system designed to ensure minimal participation of banks and other financial institutions in conducting transactions. While the virtual coin itself is called XRP.
  • Sentz with $64M raised from Coinbase Ventures, Blocktower Capital. The Sentz rate for today - $0.456 has increased to +7.51% over the last 24 hours. The maximum Sentz rate reached $72.37 - April 6, 2021. Compared to the maximum rate, the current price of Sentz has fallen by -99.4%. There are 74.22 Million MOB in current circulation and the maximum coin supply is 250.00 Million. Sentz's market capitalization is $33.88 Million with a daily trading volume over the last 24 hours of $205.04 Thousand. The currency is traded on 4 markets and 4 exchanges. The most active exchange for trading is Gate.io. Sentz (MOB) cryptocurrency operates on its own blockchain.

DeFi

  • Polymarket with $74M raised from Founders Fund, Strangelove Ventures Crypto Fund, Piers Kicks. Polymarket is a decentralized information markets platform where users can trade on highly-debated topics such as coronavirus, politics, and current events. Users can build portfolios based on their forecasts and earn returns if they're correct. Market prices reflect traders' views on future event odds, providing actionable insights for decision-making.
  • Crestal with $25M raised from Brotherhood Crypto Fund, M31 Capital Crypto Fund, Paradigm. Crestal is a platform for modular services, enabling developers to discover, deploy, and upgrade services on the Crestal Blockchain. It connects decentralized providers to a verifiable Proof of Performance (PoPTM), rewarding high-quality infrastructure support for web3 developers.

GameFi

  • Double jump.tokyo with $64M raised from Circle. Double jump.tokyo offers a program to help game developers create blockchain games. In addition to providing developers with a network, knowledge, resources and support, they also provide smart contract APIs and various systems or solutions needed to develop and market blockchain-based games.
  • Nectar AI with $3.9M raised from Maelstrom, Synergis. Nectar is a generative AI platform that allows you to create your own AI girlfriend or boyfriend! For this purpose, the product is divided into “Image Creation” and “Roleplay”.

Meme

  • SHIBA INU with $12M raised from Animoca Brands. Shiba Inu (SHIB) was launched in August 2020 by an anonymous creator under the username "Ryoshi". The project was originally created as an experiment in building a decentralized community and was inspired by the popularity of Dogecoin, but sought to take the concept further by emphasizing community engagement and decentralization. Unlike many other cryptocurrencies, SHIB launched with a massive total supply of one quadrillion tokens, which contributed to its low price per token and appeal as a meme.
  • Milady Meme Coin with $6M raised from DWF Labs. Milady Coin (LADYS) is a meme token on the Ethereum blockchain created by enthusiasts of the Milady Maker NFT collection.

NFT

  • Kiosk with $7.1M raised from Sora Ventures, The Spartan Group Crypto Fund. Kiosk is an innovative NFT marketplace that emphasizes transparency and user empowerment, leveraging advanced technology to enhance the NFT experience.
  • Mintify with $5M raised from Amber Group. Mintify is an advanced trading platform for NFT trading with a robust execution engine and access to extensive historical data for better trading analytics. It offers three ranking methods for assessing the rarity and value of NFTs, including a proprietary scoring method, the Jaccard Index for unique comparisons, and Rarity Sniper Rankings for curated rarity scores. These tools help traders make informed decisions based on rarity, a critical aspect of NFT trading that affects perceived value.

Social

  • Story Protocol with $124M raised from Balaji Srinivasan, Hashed Fund. Story Protocol's mission is to unleash a completely new way to create, manage and license intellectual property online, ultimately forming the "Story Lego" ecosystem. Story Protocol provides a streamlined framework for managing the entire intellectual property development lifecycle, providing features such as provenance tracking, seamless licensing, and revenue sharing.
  • Soulbound with $6M raised from Genblock Capital. Soulbound is an innovative ecosystem that brings together social networks and GameFi. Its goal is to reimagine the gamer reputation by creating a cross-game platform that improves player acquisition, engagement and retention.

Stablecoin

  • Level with $3.6M raised from Polychain Capital Crypto Fund. Tier is a stablecoin based on USD re-stake tokens. These tokens are created when someone stakes a dollar-denominated token (such as USDC or USDT) in re-staking protocols comparable to EigenLayer in order to receive the re-staking income. This profitability is translated into tokens, including ensuring the safety of other air conditioners.
  • StablR with $1.1M raised from Global Coin Research. StablR is a European stablecoin company that issues EurR to provide liquidity to the DeFi and CeFi markets, ultimately attracting more users to the crypto ecosystem.

Most Active Investors

Coinbase Ventures participated in 6 rounds, making it the most active investor in this space. Their focus last week was on categories such as DeFi, CeFi, and Blockchain Infrastructure.

In second place is Pantera Capital with 4 rounds, their focus was on DeFi and Blockchain Infrastructure.

And finally Circle who invested in 3 different rounds, focusing on CeFi and Blockchain Infrastructure.

Read next