**Crypto Funding Roundup: August 2024**
Blockchain protocols are ending Q3 2024 with fewer VC deals but still securing high-value funding. August saw several Web3 startups landing significant investments:
- **PIP Labs** raised $80M for its Story Protocol, hitting a $2.25B valuation, backed by a16z Crypto and Polychain Capital.
- **Andrena** secured $18M for decentralized wireless internet.
- **Gameplay Galaxy** received $24M for its blockchain-based game.
- **Orderly Network** raised $5M to tackle DeFi liquidity issues.
- **Echelon** secured $3.5M for DeFi lending on Move blockchains.
- **Solayer Labs** landed $12M to enhance Solanaâs network.
- **Parlay Labs** raised $2M for its no-code multichain platform.
- **Peregrine Exploration** got $3.6M to develop the Level stablecoin protocol.
- **Quai** secured $5M for its scalable Layer-1 network.
Despite fewer deals, the crypto sector remains optimistic with substantial investments and new funds targeting Web3 startups.
