In September, crypto companies raised a total of $823 million, with notable contributions from DeFi and protocol development projects. The funding was spread across 200 companies, with strategic investments such as Celestia's $100 million raise and Infinex's $65 million token sales leading the charge. According to Blockworks, seed funding was the most common, with 41 companies receiving early-stage investment, while protocol development took the top spot in terms of total capital raised, accumulating $192 million.
DeFi companies also attracted significant funding, with 33 projects securing investments. However, as October begins, the fundraising environment appears to be cooling, with fewer announcements and a focus on token unlocks later in the month.
Amid this quieter landscape, Humanode has introduced a $10 million Ecosystem Funding Program, aimed at fostering Sybil-resistant projects. The program is designed to support consumer dapps with the potential to reach over a million users. In addition to financial backing, Humanode will provide technical, media, and community-building support, with co-founder Dato Kavazi stressing the need to invest in projects that value Sybil-resistance. Humanode aims to empower projects that can drive meaningful change in the blockchain industry.