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🎉 Wyden Labs has just secured $16.90M in its latest funding round! 🎉
🔹About: Wyden is an institutional-grade digital asset trading platform designed to support the end-to-end trade lifecycle of digital assets. Launched to bridge the gap between traditional and digital asset trading, Wyden offers comprehensive solutions for banks, brokers, hedge funds, and asset managers. The platform provides seamless integration with core banking systems, custody providers, and liquidity venues, ensuring best execution and efficient trading operations. Wyden's advanced features include Smart Order Routing (SOR), advanced execution algorithms, and a proprietary Central Limit Order Book (CLOB) based matching engine. The platform's robust infrastructure supports high-frequency trading and automated treasury management, making it a preferred choice for financial institutions. Wyden's mission is to unify the institutional trading lifecycle, enabling secure and efficient trading of both traditional and digital assets. The project has gained significant attention for its innovative approach and commitment to providing a secure, scalable, and user-friendly trading environment.🚀🌐
🔹 Lead Investors: Fenbushi Capital, SBI Investment, Sygnum, EOS VC Fund, Credit Suisse, Truffle Capital and many more.
🔹 Total Raised: $32.10M.
🔹 Project Category: CeFi, Trading Infrastructure.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻

#CPIUpdateOctober #WeAreAllSatoshi #CeFi #DEFİ $UNI
$1INCH
$BNB

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BounceBit leverages Bitcoin's unmatched security while also being compatible with Ethereum Virtual Machine (EVM). This unique combination ensures a robust, transparent, and reliable infrastructure, trusted by both individuals and financial institutions alike.
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Both are stable coin intended to have value equel to a US dollar 💵.
#Write2Earn #USDt #USDc #CeFi #DeFi
1️⃣ USDC has low adoption and trading pairs.
2️⃣ USDC is back by reserve and regulated like fiat currencies by authorities.
3️⃣ USDC is subject to conventional risks because of centralization and single owner entity.
4️⃣ USDT is not backed by proven reserves and therefore higher risk (like other cryptocurrencies).
5️⃣ USDT is well established, while USDC is growing in popularity for its compliance and transparency.
Community trust is the everything if some coin losses it due to any issue it will doom!
What is the downside of USDC?
USDC, like other stablecoins, faces common drawbacks such as centralization risks due to its management by a single entity, Circle, and regulatory risks linked to the evolving financial regulation landscape. It also carries counterparty risks, relying on the trustworthiness of Circle and its banking partners. In addition, USDC is tied to the traditional financial system, inheriting its vulnerabilities, and is subject to smart contract risks inherent in blockchain technology. While offering stability, it lacks the high return potential of more volatile cryptocurrencies, presenting a limited use case primarily as a stable medium of exchange or store of value.

The #web3 bug bounty platform Immunefi said that November 2023 had the largest monthly cryptocurrency losses of the year, with over $343 million lost to fraud and hacking. Compared to October's exploits, which were valued at almost $22 million, this is a fifteen-fold rise. Hacking remained the most common kind of cyberattack compared to fraud, with over $335 million lost in 18 different hacking events in November.Platforms for centralised finance (#CeFi ) emerged as the primary victims, surpassing decentralised finance (#DeFi ) in terms of total lost money.For the month, high-profile assaults on platforms including Poloniex, HTX (previously Huobi), and Kronos Research amounted to 46.2% ($158.6 million) of the losses over 37 instances for DeFi and 53.8% ($184.4 million) over four for CeFi. With a combined loss of 83%, #BNB Chain and #ETH continued to be the most targeted chains in November.

Global Cryptocurrency Fundraising Report

This report offers an overview of the #fundraising deals within the global crypto market in February 2023. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. If you have any feedback, we would be delighted to hear from you.

Crypto Fundraising Global Landscape

In February, the total number of crypto fundraising deals was 143, an increase of 33.64% from 107 in January 2023; the total financing in February was US$1.13B, an -11.54% decrease from the previous month. 8.39% of the crypto projects are in the Seed series stage. From the perspective of fundraising scale, there were 25 projects fundraising above $10M, which has increased 56.25%, compared to January 2023. By geography, a total of 41 projects founded in the United States of America received $346.00M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, Israel, United Kingdom, and Singapore.

Global Crypto Fundraising Trend

Crypto Fundraising Deal Count by Sector

In February, out of the 143 projects that were successfully financed, 54 of them were #Web3 projects, constituting 37.76% of the total projects. These projects raised a total of US298.67M, which is 37.76% of the total funds raised that month. This amount is US$108.99M lower than the funds raised in January 2023.

Out of the 143 Web 3 projects, the most relevant are those related to the Gaming category, with 18 being in the Gaming category and 3 in the Metaverse category.

In addition to Data, Identity, Music, and Developers, other categories of related Web 3.0 projects.

In February, a total of 24 projects involving blockchain infrastructure received $339.20M in funding, representing 29.96% of all financing.

There were 25 #DeFi -related projects, making up 17.48% of all financing projects in February. The total amount of DeFi-related projects raised was $100.15M, representing 8.85% of the total financing, this was an increase of 50.53% compared to January 2023.

On February, 2 #CeFi projects were funded, comprising 1.4% of the total number of financing projects. Altogether, these projects raised $33.00M, which was 2.91% of the total financing in February, representing a -84.19% decrease from January 2023.

Additionally, there were 27 #NFT projects that received a total of $203.06M in financing. Representing 17.94% of all funding, this was an increase of 129.97% compared to January 2023.

The chart above illustrates the proportions of different types of projects that receive funding: Web3, NFT, infrastructure, Cefi, Defi, and Others.

Crypto Fundraising Deal Count by Transaction Type

The majority of raised funds for the crypto market come from Seed rounds, the total amount is $288.18M in February. The aggregate deal value of Seed for February is higher than the previous month by 132.43%. The biggest Seed round fundraising is $20.00M, when Space Hero gets funding in February 2023.

Number of Investments by Investors

In February, Coinbase Ventures had the most investments, with a total of 8 projects, including 4 DeFi, 2 Web3, 1 Other, 1 Infrastructure, and 1 NFTs project.

Also, Shima Capital has invested in 7 projects, with 3 of those investments going towards Web3 projects, 3 towards Infrastructure projects, and 1 toward DeFi project.

Fundraising Count by Transaction Type

Top 5 Crypto Fundraising Deals In February

TOKHIT($100.00M) | TOKHIT is the app where creators, influencers and crypto enthusiasts share experiences, connect with their followers and where content is rewarded using the Blockchain Technology

Chain Reaction($70.00M) | Chain Reaction is an Israeli startup that is designing semiconductors and related architecture to use in blockchain and privacy hardware running cryptographic processes — with participation from Atreides Management, BlueRun Ventures, Exor Seeds, Hanaco Ventures, Jerusalem Venture Partners, KCK, Morgan Creek Digital

Taurus($65.00M) | Taurus SA is a Swiss company, founded in April 2018, that provides enterprise-grade infrastructure to issue, custody and trade any digital assets: cryptocurrencies including staking, tokenized assets and digital currencies. — with participation from Arab Bank Switzerland, Cedar Mundi Ventures, Credit Suisse, Deutsche Bank, Investis, Pictet Group

SALT($64.40M) | SALT was founded in 2016 by a group of Bitcoin enthusiasts who aimed to prove that people didnt need to compromise their lifestyle or forego their needs in order to pursue a long term outlook on cryptocurrency.

Sabre56($35.00M) | Sabre56 is a company that consults miners on the development and operations of facilities

Top Crypto Fundraising Deals

*The data presented is based on information extracted from CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.

Source: https://www.coincarp.com/fundraising/

DigiFT, a Singapore-based decentralized digital asset exchange (DEX), has launched its first Perpetual Bond Referenced Token (PBRT01). The PBRT01 is issued by Red Cedar Digital Pte Ltd and is backed by the Barclays 8% Perpetual Bond held in custody with Citibank. It is offered to accredited investors in both USD and USDC and allows Web3 investors to access fixed-income products without the need for a bank account.

The PBRT01 is aimed at providing a solution to the high correlation and volatility nature of crypto assets, and will allow investors to deploy their capital into real-world assets and earn a stable passive income. The tokenized fixed-income products like PBRT01 can help investors diversify their holdings, reduce exposure to potential crypto crashes, and serve as a treasury management solution for companies with USDC holdings.

Investors can trade PBRT01 on-chain via Automated Market Maker (AMM), Over-the-Counter (OTC), and Peer-to-Peer (P2P) trading or off-chain via redemption from the issuer. The convenience of real-time trading and instant settlement will enable investors to enjoy higher liquidity and full ownership of the tokens via their digital wallets.

DigiFT was founded in 2020 and is the first and only DEX enrolled within the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox. The company believes that an exchange can use advanced blockchain technology and be regulated at the same time. Recently, the company raised USD 10.5 million in its Pre-Series A funding, led by Shanda Group, and is striving to provide a comprehensive platform to investors that delivers a user-oriented token form of securitization.

PBRT01 is an exciting step for DigiFT and the broader Web3 ecosystem. It demonstrates how blockchain technology can support real-world asset management on-chain and offers risk-averse investors the opportunity to trade security tokens with smaller capital outlays. DigiFT’s move to enable RWAs tokenization in a regulatory-compliant manner marks a significant milestone in bridging the gap between DeFi, CeFi, and traditional finance.

#DifiFT #DeFi #CeFi #azcoinnews #BTC

This article was republished from azcoinnews.com

According to CoinCarp Fundraising, Last week (03.05–03.11) 27 projects announced fundraising rounds.

#Web3

Kresus($25.00M) | Kresus, a web3 superapp for the everyday consumer that promises to be “entirely g oof-proof.” Kresuss website describes the app, which hasnt launched yet, as “part exchange, part wallet and part guide.” — with participation from Cameron Winklevoss, Craft Ventures, Franklin Templeton Investments, JetBlue Ventures, Liberty City Ventures, Marc Benioff, Tyler Winklevoss

Matchday($21.00M) | Matchday plans to blend Web3 and mobile gaming to create a suite of soccer games, licensed by FIFA, that cater to fans who might be too intimidated by existing soccer games. — with participation from Play Time

Cubist($7.00M) | Cubist is the Web3 developer tools provider. Manage your teams web3 development, testing, deployment and upgrade workflows in custom, security-focused CI/CD pipelines — with participation from Amplify Partners, Axelar, Blizzard Fund, dao5, Polychain Capital, Polygon

Redemption Games($7.00M) | Redemption Games is working on new games that are looking to bring emerging technologies to the mass market, including a new approach to digital collectibles and AI — with participation from BITKRAFT Ventures, Merit Circle, OrangeDAO, Play Ventures

Tweed($4.00M) | Tweed provides self-custodial key management, a fully functional white label wallet, and onramp + offramp connectivity to platforms looking to introduce web3 elements within their own environment and appeal to non-crypto native users — with participation from Accel, Ameet Patel, Communitas Asset Management, Cristobal Conde, Mike Vaughan, Nicolas Julia, Zero Knowledge

EtherMail($4.00M) | Founded by serial entrepreneurs Shant Kevonian and Gerald Heydenreich in late 2021, EtherMail is the only tool in the Web 3.0 space allowing web3 companies to send rich, relevant content directly to their asset holders based on blockchain-synced real-time information — with participation from Draper Associates, Fabric Ventures, Greenfield One, MS&AD Ventures, Tim Draper

The GrowHub($3.00M) | The GrowHub Innovations Company (“The GrowHub”) is Asia Pacifics only Web3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. — with participation from Lester Chan

nealthy($1.30M) | nealthy offers index tokens that enable investors to enter Web3 markets quickly and worry-free — with participation from Don Geraldo

Spield Algorithm($$-) | Spield Algorithm is a quantitative trading company from North America — with participation from BitValue

#DeFi

Mauve($15.00M) | Mauve is a decentralized exchange (DEX) that offers traditional finance-level compliance guarantees to reduce counterparty risk — with participation from Balderton Capital, BlueYard Capital, Brevan Howard, Coinbase Ventures, Ethereal Ventures

Gyroscope($4.50M) | Gyroscopes mission is to build robust public infrastructure for DeFi — with participation from Archetype, Fernando Martinelli, Galaxy, Maven 11 Capital, Placeholder, Robot Ventures

#NFTs

Coresky($6.00M) | Coresky has designed a new business model that drives the Marketplace through the economic utility of Launchpad — with participation from Payson Lee Private Foundation

Tensor($3.00M) | Tensor is a Solana-focused NFT aggregator for professionals — with participation from Alliance DAO, Anatoly Yakovenko, Big Brain Holdings, Placeholder, Raj Gokal, Solana Ventures

Infrastructure

Matter Labs($458.00M) | Matter Labs is better known for its work on zkSync, a scaling and privacy engine for Ethereum — with participation from 1kx, Aave, Alchemy, Andreessen Horowitz(a16z), Andreessen Horowitz(a16z), Blockchain Capital, Blockchain Capital, Blockchain.com, Bybit, Coinbase Ventures, ConsenSys Ventures, Covalent, Crypto.com Capital, Curve, Dragonfly Capital, Dragonfly Capital, Gnosis, Lightspeed Venture Partners, OKX, Placeholder, Rarible, Union Square Ventures, Variant

Scroll($50.00M) | Scroll was founded in 2021 with the vision of scaling Ethereum to a billion users — with participation from Anthony Sassal, Bain Capital Crypto, Bain Capital Crypto, Carlos Aria, Geometry, IOSG Ventures, Moore Capital Management, Newman Capital, Polychain Capital, Polychain Capital, Qiming Venture Partners, Robot Ventures, Ryan Sean Adams, Santiago R. Santos, Sequoia Capital China, Variant, Ying Tong

Proven($15.80M) | Proven aims to be the leader in building a world where everyone on Earth can have confidence in the security of their financial relationships and the freedom to transact as they wish. — with participation from Ada Yeo, Balaji Srinivasan, Framework Ventures, Roger Chen

#CeFi

BIKA($10.00M) | BIKA is a leading digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem for global users with safer and faster crypto derivatives trading services. — with participation from BankChamps

Aisot($1.93M) | Aisot Technologies AG (aisot), an official ETH Zurich spin-off, and member of ETHs AI Center, is pioneering a new way to invest — with participation from F10 Global

Others

Believer($55.00M) | Believer, founded by ex-Riot execs Michael Chow and Steven Snow — with participation from 1Up Ventures, Andreessen Horowitz(a16z), BITKRAFT Ventures, Cleveland Avenue, Lightspeed Venture Partners, Riot Games, The Tornante Company

Toku($20.00M) | Toku is the first comprehensive, global solution for token compensation & tax compliance — with participation from Blockchain Capital, gmjp, Joe Lau, Next Web Capital, Nikil Viswanathan, OrangeDAO, Orrick, Protocol Labs, Quantstamp, Reverie

OpenChat($5.50M) | OpenChat is a fully featured chat application running on the Internet Computer blockchain similar to WhatsApp, Signal and Telegram, and will soon be getting a major new capability called “communities” which are like Slack workspaces or Discord servers.

Relai($4.50M) | Relai is a Bitcoin savings app, it allows retail investors buy and sell bitcoin without the additional constraints of registration, verification, or deposits — it also gives investors full control of their funds via a non-custodial bitcoin wallet. — with participation from Cabrit Capital, Ego Death Capital, Fulgur Ventures, Lightning Ventures, Redalpine, Timechain

ECSA($3.00M) | ECSA is a stablecoin issue platform that allows for easy conversion of Brazilian Real to BRLe, a fully collateralized stablecoin — with participation from Arca, Y Combinator

tex.tracer($1.50M) | tex.tracer brings verified transparency to the fashion supply chain — with participation from HearstLab, Joanna Invests, ROM InWest

Tonstarter($1.50M) | Tonstarter is the first launchpad based on The Open Network for retail and venture investing in promising projects, enabling teams to raise capital in a decentralized, safe, and user-friendly environment. — with participation from DWF Labs, Gate.io, Kingsway Capital

Over-C($1.19M) | Over-C is a leading property management software platform, delivering live operational risk data and analytics using machine learning and IoT to predict and prevent future incidents. — with participation from Ayre Group

Divly($0.40M) | Divly is a service that simplifies tax declarations in the crypto market and was founded in June 2021 by Carl Gärdsell and Ruben Rehn — with participation from DHS Venture Partners, Greens Ventures, YEoS Ventures

Of the above items, 32% of the projects are Web3 projects. The total funding amount last week is $729.12M, a -10% decrease compared to the previous week. Among all, the biggest funding round is Matter Labs, which has raised $458.00M.

Source: https://www.coincarp.com/fundraising/statics/

According to CoinCarp #fundraising , Last week (03.26–04.01) 25 projects announced fundraising rounds.

#Web3

Muverse($6.00M) | Muverse is a platform that enables the free trade of global music NFTs, allowing music artists, investors, and fans around the world to participate in frictionless trade — with participation from AvatarDAO, Knights Templar Capital, Sun Artland Ltd, Syndicate Capital, Zonff Partners

FedML($6.00M) | FedML provides an open-source community and an enterprise platform for decentralized and collaborative AI, and a web 3 AI marketplace for everyone to monetize their data, ML models, and #ai applications — with participation from Acequia Capital, Aimtop Ventures, Camford Capital, LDV Partners, Plug and Play

SO-COL($4.50M) | SO-COL is a Web3 social platform made for creators, brands, and communities — with participation from Animoca Brands, Anti Fund, Blockchain Capital, Blockchain Capital, DeFiance Capital, Double Peak, DWF Labs, Genblock Capital, Global Founders Capital, Kronos Research, Mechanism Capital, Three Arrows Capital

JDI Global(-) | JDI is the leading web3 hardware manufacturer. — with participation from Dragonfly Capital, FutureMoney Group, Lancer Capital, LinkVC

Junggl Media(-) | — with participation from Northbrook Capital Start-up Fund

FiNANCiE(-) | FiNANCiE is a token issuance crowdfunding service that utilizes blockchain, NFT planning and issuance support projects, and IEO support projects — with participation from Marui Group

#DeFi

LI.FI($17.50M) | LI.FI is a cross-chain bridge aggregation protocol that supports any-2-any swaps by aggregating bridges and connecting them to DEX aggregators. — with participation from 1kx, 6th Man Ventures, Abra, Ahmed Al-Balaghi, AngelDAO, Anthony Sassal, BairesDAO, Bankless, Bloccelerate VC, Chandan Choudhury, Circle Ventures, Coinbase Ventures, CoinFund, Daedalus Angel Syndicate, Darren Lau, Darryl Lau, David Hoffman, DCInvestor, Dragonfly Capital, Factor, Igor Igamberdiev, Jason Choi, L1 Digital, Lattice, Mo Dong, Mudit Gupta, Perridon Holdings, Pranay Mohan, Rahul Sethuram, RockTree Capital, Ryan Sean Adams, Scalar Capital, SMAPE Capital, Superscrypt, Theta Blockchain Ventures, Three Point Capital

Econia Labs($6.50M) | Econia is the back-end settlement engine powering Aptos DeFi — with participation from Aptos, Dragonfly Capital, Flow Traders, Hudson River Trading, Lightspeed Venture Partners, Wintermute

D-Ecosystem($6.00M) | D-Ecosystem is a decentralized, open-source blockchain ecosystem including a public chain, own payments system, own DEX, wallet, NFT marketplace, and much more

Granary Finance($5.00M) | Granary Finance is a decentralized, user-driven borrowing and lending liquidity market inspired by Aave

Cega($5.00M) | Cega is a decentralized finance application. Cega creates exotic derivative contracts as well as consumer-facing staking products for the retail audience — with participation from Alameda Research, Coinbase Ventures, Dragonfly Capital, Dragonfly Capital, Pantera Capital, Pantera Capital, Robot Ventures, Solana Ventures

PolyTrade($3.80M) | Polytrade is the lending protocol on Polygon. Polytrades four core products are bringing real-world finance to web3 through cutting-edge DeFi and Fintech — with participation from Alpha Wave Global, Amesten Capital, Axia8 Ventures, CoinSwitch, DaSheng Capital, ETHDesign, GTM Ventures, IceTea Labs, LD Capital, Master Ventures, Matrix Partners, Momentum 6, Orion Protocol, Polygon, Polygon, Ramani Ramachandran, ROK Capital, Sandeep Nailwal, Shima Capital, Singularity Ventures, Spark Digital Capital

Turbos Finance(-) | Turbos is the first decentralized perpetual contract and zero-slippage exchange building on Sui, providing users with a safe and efficient trading platform with low fees and helping improve the asset liquidity in the Sui ecosystem. — with participation from Jump Crypto

Infrastructure

Ledger($1.08B) | Ledger is a three-part system comprising of a hardware device, the Ledger Live app, and a platform of integrated dApps that evolve as Web3 grows — with participation from 10T Holdings, 10T Holdings, Cap Horn, Cathay Innovation, Cité Gestion Private Bank, Digital Finance Group, Felix Capital, iAngels Technologies, Korelya Capital, Libertus Capital, Marcy Venture Partners, Molten Ventures, Morgan Creek Digital, Rosemoor Capital Management, Scott Galloway, Tekne Capital, The Maze Group, True Global Ventures, Uphold, VaynerFund, Wicklow Capital

EigenLabs($50.00M) | Seattle-based EigenLabs was founded in 2021 to address the issue that its difficult to improve blockchain infrastructure without launching a new blockchain and the so-called trust network that offers security for the chain. — with participation from Blockchain Capital, Coinbase Ventures, Electric Capital, Finality Capital Partners, Hack VC, Polychain Capital

Conduit($7.00M) | Conduit is a crypto native infrastructure platform — with participation from Dan Romero, Guillaume Poncin, Joshua Ma, Ludwig Pettersson, Paradigm, Robert Miller

Fetch.ai($4.00M) | Fetch.ai is a platform for swarm learning by connecting Internet of Things (IoT) devices and algorithms — with participation from DWF Labs, Fireblocks

Collateral Network($1.00M) | Collateral Network, Is the worlds first challenger lender offering more innovative, flexible, and accessible loan products, making it easy for borrowers around the world to unlock cash from their physical assets on the blockchain.

#CeFi

TradeWindow($7.00M) | TradeWindow is a purpose-built digital ecosystem that has resulted from intensive and intimate work with selected trade partners throughout the trade value chain. The system was born out of a desire to identify how and where the latest and most sophisticated digitalisation technology could help refine trade practice — with participation from ASB Bank, nChain

Coadjute($4.95M) | Coadjute is a property technology business headquartered in London — with participation from Collab+Currency, LegalTech Fund, Praetura Ventures, Praetura Ventures, Reech Corporations Group

Others

Agreena($46.00M) | Agreena was founded by visionary farmers and fintech-savvies in 2018 — with participation from AENU, Anthemis, Denmark`s Export and Investment Fund, Gullspång Re:food, HV Capital, Kinnevik AB

Total Network Services — True I/O($9.00M) | Total Network Services, also rebranded as True I/O, is a tokenization company transforming trust between individuals and institutions — with participation from Deal Box Ventures

Vitraya($5.00M) | Vitraya Technologies Private Limited is building out a tech platform to enable automated, real-time payouts and claims settlement between hospitals / healthcare providers and insurers who offer health insurance products to consumers and businesses — with participation from Cactus, Mankind Pharma, Season Two Ventures, StartupXSeed, Xceedance, Xceedance

apM Coin($5.00M) | apM Coin project is a customer reward platform for wholesale fashion markets — with participation from DWF Labs

Love Hate Inu($2.10M) | Love Hate Inu is a meme token that offers real utility in a voting system based on blockchain technology

Of the above items, 28% of the projects are DeFi projects. The total funding amount last week is $1.28B, a -21.88% decrease compared to the previous week. Among all, the biggest funding round is Ledger, which has raised $1.08B.

In the wake of significant collapses in centralized finance (CeFi) platforms, the crypto industry is witnessing a significant shift in funding from CeFi to #decentralized finance (DeFi) platforms, according to a recent report by #coinmarketcap .

The report highlights that investors are increasingly looking towards DeFi platforms due to their transparency, security, and efficiency compared to CeFi platforms.

The Crypto Funding Shift

The CoinGecko report revealed that the risks in the CeFi sector had increased the number of investors turning to DeFi platforms, which offer several benefits. These benefits include increased transparency, where transactions are recorded on a public blockchain, allowing investors to see how the platforms use their funds.

Moreover, #DeFi platforms are more secure since they use smart contracts to execute transactions rather than relying on centralized intermediaries. Also, the efficiency of DeFi platforms contributes to its growing number of investors, as they allow them to have more control over their funds.

This enables them to trade assets instantly without going through a centralized exchange, resulting in lower fees and faster transaction times.

The CoinGecko report concludes that the shift toward DeFi funding is likely to continue in the coming months as investors increasingly prioritize security, transparency, and efficiency over centralized control.

DeFi And CeFi Funding Activities

There were several DeFi and CeFi funding activities from various crypto organizations to recall in 2022. But according to the report from CoinGecko, Luna Foundation Guard (LFG) made the most significant DeFi funding in this period, a $1 billion in sales of the LUNA coin in February 2022. This remarkable event preceded the fall of TerraClassicUSD and Terra Luna Classic three months later.

Other contributors to the DeFi funding were Lido Finance, an Ethereum staking protocol, and the Ethereum-native DEX (decentralized exchange) Uniswap. The report shows that both companies raised $94 million and $164 million, respectively.

Regarding #CeFi funding, the report noted that FTX U.S. and FTX received the highest portion after raising about $800 million in January. This figure amounts to 18.6% of the total CeFi funding recorded in 2022. However, after 10 months of regular operations, the crypto firm collapsed and filed for bankruptcy.

Some other areas included in the investment include blockchain technology and blockchain infrastructure companies. Both sectors raised about $2.7 billion and $2.8 billion, respectively, and this trend has remained over the last few years.

Currently, it’s not easy to determine how the current trend will affect the broader market. But many crypto companies may migrate to the DeFi sector considering its growing trend and benefits.

According to CoinCarp Fundraising, Last week (03.19–03.25) 32 projects announced #fundraising rounds.

#Web3

tomi($40.00M) | tomi is a web3-based company focused on providing decentralized services with assisted computing hardware — with participation from DWF Labs, Hirokado Kohji, Piha Equities, Ticker Capital

Bitkeep($30.00M) | BitKeep is a decentralized multi-chain digital wallet, dedicated to providing safe and convenient one-stop digital asset management services to users around the world. — with participation from A&T Capital, Bitget, Bixin Ventures, DHVC, Dragonfly Capital, Foresight Ventures, KuCoin Ventures, Matrixport, Peak Capital, SevenX Ventures, YM Capital

OP3N($28.00M) | OP3N is a web3 AI-powered platform that integrates all aspects of NFTs from creation to minting to community building — with participation from Animoca Brands, Blizzard Fund, BRV Capital Management, Connect Ventures, Creative Artists Agency, Dragonfly Capital, Galaxy Digital, GSR, Republic, Russell Westbrook, The Spartan Group, Superscrypt, Warner Music Group

608 Labs($22.00M) | 608 Labs is a well-known company in CT which develops cutting-edge technologies for the next generation of the internet — with participation from Mario Luttz, Ryan Caroson

Gryfyn($7.50M) | Gryfyn is a joint venture between Animoca Brands and Hex Trust to provide a custodial crypto wallet that allows anyone anywhere to easily and safely access digital experiences, own and handle digital assets, and connect with their favorite brands — with participation from AngelHub, Animoca Brands, Brinc, Gabby Dizon, GameFi Ventures, Lavender Hill Capital Partners, LeadBlock Partners, Liberty City Ventures, Mind Fund

Particle Network($7.00M) | Particle Network is a full-stack, data-driven, and composable Web3 data and development platform — with participation from 7 O’Clock Capital, ABCDE, Animoca Brands, BitCoke, CyberConnect, FSC Ventures, GSR Ventures, Hashkey Capital, Insignia Ventures Partners, LongHash Ventures, LongHash Ventures, Monad Labs, OP Crypto

Heartstocks($5.45M) | Heartstocks aims to disrupt the traditional capital market and to eliminate inefficiencies that are evident in the classic financial market and the previous structuring of financial products — with participation from Vanagon Ventures

Aspecta($3.50M) | Aspecta transforms Web2 & Web3 footprints into AI-generated identity, Aspecta ID, for builders and beyond to revolutionize data potential — with participation from CyberConnect, DoraHacks, Foresight Ventures, Galxe, Hashkey Capital, Mask Network, P12, ZhenFund

NoCap Meta($0.24M) | NoCap Meta is a high-functioning Web3 company working on diverse projects spanning the verticals of Metaverse, Tokenization, and Web3 technology services — with participation from SUNiCON Ventures

#DeFi

Auros($17.00M) | Auros is an algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects — with participation from Bit Digital, Vivienne Court Trading

Radix DLT($10.00M) | Radix is the first layer 1 protocol built specifically to serve the rapidly growing DeFi industry, solving the scalability issues that persistently hamper protocols like Ethereum. — with participation from DWF Labs, LocalGlobe, Taavet Hinrikus

Carbonable($1.20M) | Carbonable is a blockchain climate investment platform — with participation from Abdelhamid Bakhta, Coline Debayle, Ethereal Ventures, Sylvain Theveniaud

Narwhal Finance($1.00M) | Narwhal Finance is a decentralized perpetual trading platform on BNB Chain and Arbitrum — with participation from Animoca Brands, Hailstone Ventures

#NFTs

Aavegotchi (Pixelcraft Studios)($30.00M) | Aavegotchis are NFTs staked with DeFi-enabled ERC20 tokens powered by Aave, known as aTokens.Aavegotchis possess three attributes that determine their overall value and rarity within the Aavegotchi universe — spirit force, traits, and wearables.

SphereTrax($0.25M) | SphereTrax is a carefully curated gallery of high end soundtracks and songs, a cutting edge label and an innovative marketplace — with participation from Jenson Funding Partners

MINTangible(-) | Dedicated to cultivating trust, transparency, and value for NFTs as digital assets, MINTangible stands at the forefront of the Web3 technology landscape, championing intellectual property and rights protection and transparency. — with participation from Tagus Capital, Virginia Venture Partners

Infrastructure

Raisin($64.57M) | Founded in 2012, Raisin is a trailblazer in the savings and investments space — with participation from Goldman Sachs, M&G Investments

Turnkey($7.50M) | Building in crypto is way too hard. Turnkey is designed for devs and makes it simple to go 0 to 1. Every crypto transaction starts with a private key — with participation from Coinbase Ventures, Sequoia Capital, Variant

Dylibso($6.60M) | Dylibso is the company behind the open source Universal Plug-in System, Extism, and announced the general availability of its first product, Modsurfer, the system of record for WASM — with participation from Boldstart Ventures, Crew Capital, Felicis Ventures, Pebblebed

Hadean($5.00M) | Hadean provides the infrastructure and computational power that allows you to build, run and monetise the Metaverse — with participation from 2050 Capital, Alumni Ventures Group, Aster Capital, Entrepreneur First, Epic Games, Ericsson Ventures, In-Q-Tel, Metrea Discovery, Molten Ventures, Sanctor Capital, Tirta Ventures, VU Venture Partners

LiquidStack(-) | LiquidStack specializes in two-phase immersion cooling, in which computers are submerged in dielectric heat transfer liquid, as opposed to mineral oils used in other models — with participation from Trane Technologies

Versa(-) | Versa is a one-stop UX-simplified smart contract wallet, with which users can easily access crypto wallets with keyless and social logins, conduct gas management and on-chain account recovery, set up automatic spendings, automate investment strategies, and more. — with participation from Find Satoshi Lab, Folius Ventures

#CeFi

eToro($250.00M) | eToro is one of the worlds leading social investment networks and aims to revolutionise the way people invest, and enhance investors financial education. — with participation from ION Group, Social Leverage, SoftBank, Spark Capital

Metatime($11.00M) | Metatime is an Istanbul-based crypto startup that is preparing to launch several products and services, including a crypto exchange, wallet, NFT marketplace, native blockchain and a stablecoin — with participation from Yildiz Tekno GSYO

Crossover Markets($6.35M) | Powered by high-performance technology and hosted in Equinixs LD4, CROSSx is purpose-built to meet the unique liquidity requirements of institutions in the spot and derivative crypto markets — with participation from Flow Traders, Gate Ventures, Laser Digital, Two Sigma Ventures, Wintermute

Ejara(-) | Ejara is an app for Africa and its diasporas to access various investment offers: fractional shares, commodities (gold, silver..), cryptocurrency and more. — with participation from Adaverse, Anthemis, Anthemis, Bpifrance, Circle Ventures, CoinShares, CoinShares, Dragonfly Capital, Emurgo, Hashkey Capital, Jason Yanowitz, Jason Yanowitz, Lateral Capital, Lateral Capital, LoftyInc Capital, Mercy Corps Ventures, Mercy Corps Ventures, Moonstake, NetX Fund, Pascal Gauthier

Others

Character.AI($150.00M) | Founded in 2021 by artificial intelligence researchers and former Google engineers Noam Shazeer and Daniel De Freitas, Character.AI is a conversational artificial intelligence platform that uses large language models, deep learning algorithms that can recognize, summarize, translate, predict, and generate text and other content, to provide individuals with a personalized artificial intelligence experience — with participation from A.Capital Ventures, Andreessen Horowitz(a16z), Elad Gil, Nat Friedman, SV Angel

CCP Games($40.00M) | CCP is a leading independent game developer that has been praised for its artistry, technology and game design that facilitates emergent behavior, empowering players with compelling means of self-expression — with participation from Andreessen Horowitz(a16z), BITKRAFT Ventures, Hashed, Kingsway Capital, Makers Fund, Nexon

EOS EVM($20.00M) | Ethereum Virtual Machine (EVM) basically refers to an environment wherein Ethereum accounts and smart contracts live — with participation from EOS Network Ventures (ENV)

ALT DRX($3.60M) | ALT DRX has launched the Digital Real Estate Marketplace, allowing Indians to invest in dematerialised Real Estate

Gamitronics($1.50M) | Gamitronics is a marketing platform that launched the metaverse marketing platform PartyNite, which mainly helps brand owners attract audiences and helps brand owners place advertisements in the virtual world by selling virtual plots. — with participation from Big Viking Games

Landvault(-) | LandVault is the largest metaverse developer to date — with participation from Animoca Brands, Kingsway Capital, SoftBank, The Sandbox

Of the above items, 22.9% of the projects are Web3 projects. The total funding amount last week is $769.26M, an 18.52% increase compared to the previous week. Among all, the biggest funding round is eToro, which has raised $250.00M.

Centralized crypto exchanges (CeFi) continue to be the main bridge between crypto assets and traditional finance, providing users with simplicity and liquidity. However, in 2024, these platforms faced serious security challenges, as hackers managed to steal assets worth over $1.4 billion. Despite these risks, CeFi exchanges still play a key role in the crypto ecosystem, but users must be careful to protect their funds.

Joy's odyssey through the financial realms was an enigmatic tale. It all began with his confusion between the old guard, #CeFi ,and the new sensation, #DeFi .From the tender age of 6 to the ripe age of 26, Joy was firmly ensconced in the clutches of #CeFi. It was a world of banks, checks, and cold, hard cash. Saving money in a local bank was the norm, and he watched his savings account numbers grow like a slow, predictable tide.But then, at age 26, something changed. Joy was thrust into the heart of the crypto storm known as #DeFi. The decentralized world beckoned with promises of financial freedom. He dabbled in digital currencies like $BTC $ETH $BNB $USDT and $BUSD. The suspense was palpable as he ventured into this brave new world.Now, at age 32, Joy had completely severed ties with #CeFi. No bank accounts remained, just his digital wallet bursting with cryptocurrencies. He received his income in these digital assets and spent them freely for everyday expenses.Binance was his bridge to the world of shopping and investments, and he employed #PAY, a mysterious payment method within the platform that promised unparalleled speed and convenience. The suspense grew as he delved deeper into the enigma that was #PAY .Joy was no ordinary man now. He had amassed a staggering $7.9 million, making him a millionaire in the crypto kingdom. But the ultimate suspense in this tale was the ongoing comparison between #CeFivsDeFi . It was a financial thriller that kept evolving, with new twists and mysteries unfolding at every turn.As Joy navigated this ever-shifting landscape, the line between the old and new financial systems blurred, leaving the reader in suspense about what financial marvels the future held for him.#DeFiCeFi Disclaimer: The story and details provided are entirely fictional and for entertainment purposes. Any resemblance to real individuals or events is purely coincidental.