Investment and Financing Overview
According to incomplete statistics, there were 32 financing events in the global blockchain market from January 29 to February 4 last week, with a total financing scale of US$119 million. Compared with last week, the number of financing events decreased by 4, and the financing scale increased by 29%.
In terms of the number of financing events, DeFi and infrastructure financing were the most active last week, with 14 events in the DeFi track and 9 events in the infrastructure track.
Judging from the financing scale of events with disclosed amounts, the DeFi track is the highest, with a total financing scale of US$58.4 million.
Track Distribution
DeFi
NAVI Protocol
Navi is a one-stop liquidity protocol native to Sui. It enables users to participate in the Sui ecosystem as a liquidity provider or a borrower. Liquidity providers provide assets to the market and earn passive income through yield, while borrowers have the flexibility to obtain loans on different assets. Navi focuses on providing the necessary DeFi infrastructure and aims to become a key player in the rapidly growing DeFi world in the Sui ecosystem. The protocol's innovative features, such as automatic leverage vaults and segregated mode, enable users to leverage their assets and gain access to new trading opportunities with minimal risk. NAVI is designed to provide support for digital assets of different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.
According to DeFiLama, NAVI currently ranks second in TVL in the SUI ecosystem and is the leading project in the ecosystem, with a total lending market size of more than 110 million US dollars.
Portal Network
Portal is a DeFi project built on Bitcoin that conducts anonymous, zero-knowledge transactions through cross-chain DEX. It eliminates the risks of minting wrapped tokens (i.e. wBTC, wETH) or dealing with intermediaries. Portal introduces trustless, bridgeless, and wrapperless cross-chain atomic swaps, allowing developers to seamlessly integrate the SDK into their chain or dApp.
Squid
Squid is a cross-chain trading and liquidity routing protocol on the Axelar Network. Squid leverages existing DEXs to trade and send any native token between chains. Transactions can be combined with Axelar's universal messaging, so Squid enables one-click trading between any application and any user using any asset.
Velar
Velar is a DeFi protocol with Bitcoin finality that aims to unlock the true potential of Bitcoin by building a complex suite of DeFi products on top of Bitcoin. Velar V1, codenamed "Dharma", includes an automated liquidity protocol based on the "constant product formula". The protocol is inspired by Uniswap v2 and written in the Clarity language on Stacks L2. The Dharma mainnet also provides users with liquidity mining and staking options to maximize their returns, as well as an IDO launchpad to facilitate the issuance of tokens on the Stacks platform.
infrastructure
TProtocol
TProtocol is a DeFi native protocol that uses T-Bill as the underlying asset, providing composable DeFi-on-chain T-Bill tokens to meet the demand for risk-free real returns in the DeFi ecosystem. TProtocol provides permissionless interest-bearing tokens backed by reverse repo and treasury bonds with a short term, usually 1 to 3 months after maturity. The redemption price of the treasury token will increase over time as the interest on the underlying assets is added to the token.
Previously, TProtocol launched an event on TaskOn. One of the tasks was to conduct on-chain activities. After that, TProtocol cooperated with many DeFi projects. If you want to experience the project in depth, you can use USTP and ecological projects.
Clusters
Clusters is a multi-chain domain name service that aims to solve problems such as address fragmentation, wallet management complexity, and domain name grabbing. It was jointly launched by Delegate and the cross-chain interoperability protocol LayerZero.
Gevulot
Gevulot is a permissionless and programmable layer 1 blockchain for deploying zero-knowledge provers and verifiers as on-chain programs. It is specifically designed for applications that require cheap and fast verification generation with high liveness guarantees. For provers, Gevulot aggregates the proof workload of many different applications, maximizing hardware utilization and financial returns.
GameFi
Pixelmon
Pixelmon is an open world RPG NFT game. Users can train, trade, battle and evolve Pixelmon through the metaverse.
Forgotten Playland
Forgotten Playland redefines social party games with a collection of mini-games like Bump-A-Ball and Jungle Rumble. The Social Hub is a dynamic, interactive place where players can hang out and socialize in-game.
SocialFi
SoulLand
SoulLand is a gamified social subscription platform that solves the downward information and social needs of Web3 by introducing gamification elements, allowing users to obtain first-hand information from KOLs through social media while participating in game battles, staking and other gameplay to earn token rewards, thereby gaining an interesting learning experience with a profit goal.
Others
Hivello
NGC Ventures, MH Ventures
Hivello is a decentralized physical infrastructure network that enables users to install applications on physical devices such as computers, routers, modems, and storage nodes. Hivello uses the idle resources of the user's computer to support various DePIN protocols, which can include spare storage space, Internet bandwidth, or computing tasks using the CPU. By contributing resources, users can start mining the DePIN (Decentralized Physical Infrastructure Network) protocol for Web3 applications without any technical expertise.
