📍November's Market Financing Trends Overview~

This is a series that will be updated monthly, which tracks the monthly trends at the industry level, stay tuned~

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

2. The largest financing amount is 45 million, which is in the stablecoin sector [USDX] @usdx_money

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

3. The next largest financing amount is 40 million for 0G @0G_labs, which is a modular Layer 1 focused on the AI field. The investment lineup for 0G is more well-known, including names like Hack, Animoca, Foresight, etc. We can find an opportunity to discuss this in more detail later;

4. Below 0G, the financing amounts for projects show a sharp decrease, and there are no widely recognized protocols in the market, so I won't elaborate on each one. Overall, last month, infrastructure garnered the most financing;

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