OpenLedger has raised $8 million in a seed funding round led by Polychain Capital and Borderless Capital ahead of its testnet launch this year. This shows that despite the overall downward trend in the cryptocurrency industry, investors in the sector are still willing to commit significant amounts of capital.

However, this increases overall uncertainty in the industry at a time when overall market conditions are still uncertain. The cryptocurrency industry is facing increased oversight and potential regulation from regulators around the world. This makes the sector's future growth prospects uncertain.

In conclusion, these funds raised by OpenLedger show that despite the uncertainty of overall market conditions, investors in the sector are still willing to invest in cryptocurrency projects. However, due to regulatory uncertainties and potential regulations, the industry's future growth prospects are still uncertain.