This week ended with a big event, as Paradigm announced that it had raised $850 million for its third fund, Blockworks reported. Although this figure is far lower than the $2.5 billion the company raised in 2021, the fund shows that cryptocurrencies are gradually recovering after a fragile winter. "Bitcoin has been monetized to 1T+. Ethereum, Solana and other blockchains are expanding. Stablecoins are being adopted globally. Cutting-edge research is accelerating. New infrastructure is driving the development of consumer applications. Hundreds of millions of people own cryptocurrencies. Cryptocurrency has now become a protagonist on the world political stage," Paradigm wrote in its announcement. Although it is not clear what kind of projects Paradigm intends to invest in, the company pointed out that its investments in Uniswap and Optimism are "early-stage work that we like to contribute to" and are "what we will pay more attention to in the future."