📍Overview of Market Financing Trends in November~

This is a series that will be updated monthly, tracking the industry-level monthly trends, stay tuned~

1. The total financing amount for the entire market in November was 447 million, which is a significant decrease compared to the financing activities in October, with a total decrease of approximately 44%, and the median financing amount decreased by 30%;

2. The largest financing amount was 45 million, from the stablecoin sector [USDX] @usdx_money

Notable investors include Dragonfly and NGC. Like $ENA , this stablecoin protocol also ensures the stability of stablecoin issuance through a Delta-neutral hedging strategy;

3. Next is the financing amount of 40 million for 0G @0G_labs, which is a modular Layer1 focusing on the AI field. The investor lineup for 0G is more well-known, including Hack, Animoca, Foresight, etc., and we can find opportunities to discuss this in detail later;

4. Below 0G, the financing amounts for projects have shown a significant drop, and there are no well-known protocols in the market, so I won't elaborate on each one. Overall, last month, infrastructure captured the most financing;

5. The frequency of well-known institutions in the market in October has also decreased. Animoca continues to bet on infrastructure and gaming sectors, while a16z did not participate in any financing activities. It can be observed that a16z's activity in the primary market has noticeably decreased in recent months.