📍Overview of market financing trends in September~

1. A total of 100 financing events occurred in September, generating 640 million in public financing information, which is generally down compared to August;

2. Infrastructure is still the track with the most financing, followed by DeFi and games, but in the track financing trend, games and social networking are the third options that are often rotated;

3. The protocol with the largest financing in September was the modular leader $TIA 's $100 million over-the-counter financing;

4. In addition, $TON also announced an over-the-counter strategic financing of $30 million last month. The event was announced during the token2049 period, and the participating parties were BG and Foresight;

5. The first-level project that I personally pay more attention to may be Initia, which also raised $14 million last month at a valuation of 350 million. For these large-scale financing infrastructures, I am really a little scared at the moment;

6. In terms of institutions, the number of times that well-known leading institutions participated in primary market investments decreased in September, among which only Animoca and a16z maintained a relatively high frequency of investment.