Centralized crypto exchanges (CeFi) continue to be the main bridge between crypto assets and traditional finance, providing users with simplicity and liquidity. However, in 2024, these platforms faced serious security challenges, as hackers managed to steal assets worth over $1.4 billion. Despite these risks, CeFi exchanges still play a key role in the crypto ecosystem, but users must be careful to protect their funds.

Both are stable coin intended to have value equel to a US dollar 💵.
#Write2Earn #USDt #USDc #CeFi #DeFi
1️⃣ USDC has low adoption and trading pairs.
2️⃣ USDC is back by reserve and regulated like fiat currencies by authorities.
3️⃣ USDC is subject to conventional risks because of centralization and single owner entity.
4️⃣ USDT is not backed by proven reserves and therefore higher risk (like other cryptocurrencies).
5️⃣ USDT is well established, while USDC is growing in popularity for its compliance and transparency.
Community trust is the everything if some coin losses it due to any issue it will doom!
What is the downside of USDC?
USDC, like other stablecoins, faces common drawbacks such as centralization risks due to its management by a single entity, Circle, and regulatory risks linked to the evolving financial regulation landscape. It also carries counterparty risks, relying on the trustworthiness of Circle and its banking partners. In addition, USDC is tied to the traditional financial system, inheriting its vulnerabilities, and is subject to smart contract risks inherent in blockchain technology. While offering stability, it lacks the high return potential of more volatile cryptocurrencies, presenting a limited use case primarily as a stable medium of exchange or store of value.

2022 was a challenging year for crypto, but amidst all the events of the past year, #DeFi projects not only held on tight, but gained more strength and trust from crypto traders. Meanwhile, #CeFi unexpectedly got a reputation as an unreliable and risky area, as we remember the Celsius crypto meltdown, FTX, Three Arrows Capital, and Voyager Digital. The crisis of trust in CeFi became a stimulus for DeFi. What are the next steps for DeFi projects? Can DEXs replace CEXs eventually? How can #Cross-Chain DEXs help Web3 DeFi development?
Discover the power of cross-chain DeFi in this article!

Let’s Talk Numbers
DeFi’s TVL is nearly $48 billion at the time of writing, according to DefiLlama. This is a sharp drop from the year’s outset, where it stood at $166.7 billion. Yes, DeFi lost 76% of TVL in dollar terms in 2022, but still, decentralized exchanges executed $854 billion in trading volume in 2022, and this came from 5,687,713 unique trading addresses. Data from Dune Analytics shows that the total number of DeFi users has steadily increased throughout 2022.

DeFi’s growth shows no sign of slowing down. Despite market conditions, unique DeFi users have risen by 40% in 2022: from 4.7 million at the start of 2022, to almost 6 million, while the number of unique DeFi users has increased by nearly 600% over a two-year period, with just 940,000 users at the start of 2021.
Obviously, DeFi is already the choice for most crypto traders. In fact, as we see in the case of DEXs vs. CEXs, decentralized #cryptocurrency protocols have at times overtaken centralized services in on-chain transaction volume.

So, no wonder new DEXs keep appearing on the market. There are hundreds of DEX Protocols (665, according to DeFiLlama), and the main question is: Why do only a few of them have Cross-Chain interoperability when there’re already 164 chains?
Cross-Chain Interoperability as a Must-Have for DeFi 2.0
Among all the commonly known reasons, such as anonymity and security, another reason trading volume has shifted from centralized exchanges to DEXs could be the latter’s greater number of assets on offer. It leads to another step in DEX Protocols’ development — allowing these assets to be transferred between different blockchains. There are several evident advantages for users when a DEX goes Cross-Chain:
They can use their digital assets freely, and transfer tokens across different blockchains in a seamless and frictionless manner.They can decentralize their assets across different blockchains to minimize risk.
When the possibility of transferring tokens between different blockchains opens up for users, it leads to more advantages for the DEX itself:
Easier user onboardingAdditional volume and fees from cross-chain tradingDiversification on different chainsCross-industry collaboration
Thus, it makes sense to make #dApps Cross-Chain, as it’s already a must-have. Gaining cross-chain interoperability is an inevitable requirement if your project wants to be an indispensable part of Web3.
What is the difference between Multi-Chain and Cross-Chain?
To figure out the difference between Multi-Chain and Cross-Chain Protocols, let us compare two top DEX market players: SushiSwap and Uniswap.
Uniswap is based on several blockchains (Ethereum, Polygon, Optimism, Arbitrum, Celo) and is considered to be a Multi-Chain Solution, as its liquidity is spread across chains. Basically, these are copies of Uniswap on different blockchains.
SushiSwap’s Cross-Chain architecture allows assets to flow between unrelated blockchains, with the help of smart contracts.

Let us sum up the pros and cons of Multi-Chain and Cross-Chain solutions:

So is there an easy way to make a DEX Cross-Chain?
Rubic Cross-Chain Tools: A Gateway to Blockchain Interoperability for DEXs
You can have a look at different cross-chain solutions which exist on the market right now in one of our latest articles: Rubic: A Cross-Chain Tech Aggregator for the Interoperable Future of Web3.
It may sound blatant, but Rubic Cross-Chain Tools are amongst the most convenient ways to go Cross-Chain for dApps. This is not only because Rubic is an aggregator of over 90+ bridges and DEXs, but also because of the quality and convenience of our Widget and SDK, which has already been battle-tested by over 130 crypto projects.
We provide an easy-to-install Widget for those who want to start their Cross-Chain journey right away, and an exquisite SDK for platforms who instead want a customized Cross-Chain solution adapted to their interface.
Now, it’s time to dive into the details of each tool and how it can help DEXs to go Cross-Chain.
Let’s recall what the general advantages are of getting Cross-Chain interoperability for a DEX. As we’ve said before, along with building connections between blockchains, when DEXs support Cross-Chain interoperability, it can receive easier user onboarding and extra trading volume + revenue.
However, our solutions offer even more features to our integrators:
Fast One-Click Cross-Chain Swaps
Due to the aggregation of over 90+ DEXs and bridges, over 15,500 tokens are available across 26 blockchains in one click, directly on your platform. The average transaction takes around 90 seconds.
Ever-Lasting Liquidity
Even if your own DEX runs out of liquidity, due to the aggregation of DEXs and bridges within our app, Rubic will always provide you with liquid assets.
Smart Routing: The Best Swap Deal
With Rubic’s Cross-Chain Tools, you get the best deals across 90+ DEXs & bridges integrated into Rubic.exchange. Aggregation allows the algorithm to find the best deal on the market for cross-chain and on-chain swaps. The algorithm used at Rubic splits and manages transactions as needed, to save on gas and fees as much as possible. Quick and effective pathfinding was built based on the architecture uniting and matching real-time data. Thus, the best DEX, bridge, transaction time, gas fee, and other parameters are chosen.
Free & Easy Integration
You can turn your business into a cross-chain ecosystem hassle-free by integrating Rubic’s Widget via our user-friendly configurator, in just 10 minutes. Alternatively, you can spend more time integrating Rubic’s SDK, implementing a fully customized solution. Rubic’s team is going to assist you before, during, and after integration.
Full UI/UX Customization
As a white-label solution, Rubic’s SDK can be easily implemented into your project’s environment by letting you write your own logic in the code regarding how users will go through each step when making a swap, giving you full control over your UI. You can fully customize Rubic’s SDK to your platform so that no one will ever notice it’s an integration.
Rubic’s Widget, with its minimalistic and classic design, will be a great fit for any project’s existing interface. The UX is clear and friendly to the extent that any crypto novice will understand how to make a cross-chain or on-chain swap.
Enhanced Security
Rubic’s Cross-Chain Tools continue operating even if a bridge gets hacked, routing transactions through other bridges.
Rubic’s Widget and SDK are streamlined on all levels, in terms of caching and security: transactions are auto-monitored, and the auto-refund function is fully set up. Rubic’s technical support is also, of course, ready to assist you 24/7.
Revenue & Customizable Fees
Up to 50% of the fees coming from trades via Rubic’s SDK/Widget go straight to your business. Besides the fees taken by Rubic, you may choose preferable additional trading fees that will be charged by your platform via Rubic’s Widget/SDK.
Trading Volume Boost
With Rubic’s SDK, users will be able to buy the desired tokens right on your website, regardless of the blockchain they use. They won’t need to go to a bridge or any other external providers to swap assets at an unfavorable rate — they simply go to your website and make the best deal in one place. Thus, you will retain users and increase your trading volume.
Useful tip: If your DEX is already Multi-Chain, you can implement Rubic’s Cross-Chain solution, integrating only your own DEX for Cross-Chain Swaps, limiting the integration of other DEXs supported by our tools. In this case, you won’t share trading volume with other DEXs!
Over 130 projects have already become Cross-Chain with Rubic’s tools. For now, we will discuss one DEX in particular.
Kishu Inu: Going Cross-Chain with Rubic Tools
Rubic Tools helped Kishu Inu revamp the already existing Kishu Swap Protocol, turning it into Kishu Swap X — an all-in-one cross-chain trading platform, where users can simply swap tokens from one chain to another, in just a few clicks. How did Kishu Inu manage to boost their DEX using Rubic tools, and what did it mean for Kishu Inu users?
What is Kishu Swap X?
Kishu Inu implemented Rubic’s SDK into their platform in December 2022. Currently, it’s known as Kishu Swap X.
Kishu Swap X is the official DEX of the Kishu Inu community. Kishu Swap X offers users an all-in-one solution for a smoother trading experience:
One-click swaps between 15,500+ tokensCross-Chain swapping between 22+ different blockchains in one transactionSwapping at the best possible rates, using optimal routing and bridging systems, which automatically check for the most efficient methods to conduct the transaction
Kishu Inu DEX is supported by its native $KISHU token, which you can always get on Kishu Swap X (check our article about Rubic tools for tokenholders).
Kishu Inu has customized their UI and UX to the fullest. If you take a peek at what Kishu Inu DEX’s trading interface looks like, you will not see any connection to Rubic’s design: Rubic’s SDK UI entirely fits the platform’s native design and concept.

With simple architecture, Rubic’s SDK allows customizing the UX as well. What path can users take on Kishu Inu?
The user chooses a “From” token.

2. Next, the user chooses a token that they want to purchase. For user convenience, $KISHU is a default “To” token, but you can change it to other assets as well.
3. Then, the number of tokens needs to be typed in. The algorithm will automatically show the final amount in other tokens that the user will receive.

4. The user clicks “Swap” and approves the transaction on MetaMask.
5. The swap is done!
Rubic’s SDK allows for massive customization of a project’s UX. In fact, projects can build the UX on their website with Rubic’s SDK however they wish.
Kishu Inu about the integration of Rubic’s SDK:
“Driven by our fundamental values, current market conditions, and recent events — we are proud to announce that in collaboration with Rubic and their masterminds behind the technology, we have revamped one of our oldest products, our Kishu Swap.
The fully new Kishu Swap X is our way of saying — we are here for the community’s convenience, safety, and pleasure in participating in the crypto space — and that is exactly our future goal.”
You can read more about Kishu Inu Swap X here.
Boost your DEX by going Cross-Chain right now!
At Rubic, it is our goal to assist other projects in opening new horizons in the cross-chain Web3 era. Our technologies are not limited just to DEXs, and can be applied to a launchpad, Web3 game, wallet, and more.
Rubic’s SDK is a way to interact with more than 90 DEXs and bridges while performing on-chain and cross-chain swaps in the most user-friendly and secure way. Blockchain technology is on the verge of becoming interoperable and omnichain, and we, Rubicans, want to make sure the world gets to experience them!
Rubic Cross-Chain Tools are built on the basis of Rubic’s Cross-Chain frontend, and all the details on integration can be found in Rubic’s documentation.

Global Cryptocurrency Fundraising Report

This report offers an overview of the #fundraising deals within the global crypto market in February 2023. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. If you have any feedback, we would be delighted to hear from you.

Crypto Fundraising Global Landscape

In February, the total number of crypto fundraising deals was 143, an increase of 33.64% from 107 in January 2023; the total financing in February was US$1.13B, an -11.54% decrease from the previous month. 8.39% of the crypto projects are in the Seed series stage. From the perspective of fundraising scale, there were 25 projects fundraising above $10M, which has increased 56.25%, compared to January 2023. By geography, a total of 41 projects founded in the United States of America received $346.00M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, Israel, United Kingdom, and Singapore.

Global Crypto Fundraising Trend

Crypto Fundraising Deal Count by Sector

In February, out of the 143 projects that were successfully financed, 54 of them were #Web3 projects, constituting 37.76% of the total projects. These projects raised a total of US298.67M, which is 37.76% of the total funds raised that month. This amount is US$108.99M lower than the funds raised in January 2023.

Out of the 143 Web 3 projects, the most relevant are those related to the Gaming category, with 18 being in the Gaming category and 3 in the Metaverse category.

In addition to Data, Identity, Music, and Developers, other categories of related Web 3.0 projects.

In February, a total of 24 projects involving blockchain infrastructure received $339.20M in funding, representing 29.96% of all financing.

There were 25 #DeFi -related projects, making up 17.48% of all financing projects in February. The total amount of DeFi-related projects raised was $100.15M, representing 8.85% of the total financing, this was an increase of 50.53% compared to January 2023.

On February, 2 #CeFi projects were funded, comprising 1.4% of the total number of financing projects. Altogether, these projects raised $33.00M, which was 2.91% of the total financing in February, representing a -84.19% decrease from January 2023.

Additionally, there were 27 #NFT projects that received a total of $203.06M in financing. Representing 17.94% of all funding, this was an increase of 129.97% compared to January 2023.

The chart above illustrates the proportions of different types of projects that receive funding: Web3, NFT, infrastructure, Cefi, Defi, and Others.

Crypto Fundraising Deal Count by Transaction Type

The majority of raised funds for the crypto market come from Seed rounds, the total amount is $288.18M in February. The aggregate deal value of Seed for February is higher than the previous month by 132.43%. The biggest Seed round fundraising is $20.00M, when Space Hero gets funding in February 2023.

Number of Investments by Investors

In February, Coinbase Ventures had the most investments, with a total of 8 projects, including 4 DeFi, 2 Web3, 1 Other, 1 Infrastructure, and 1 NFTs project.

Also, Shima Capital has invested in 7 projects, with 3 of those investments going towards Web3 projects, 3 towards Infrastructure projects, and 1 toward DeFi project.

Fundraising Count by Transaction Type

Top 5 Crypto Fundraising Deals In February

TOKHIT($100.00M) | TOKHIT is the app where creators, influencers and crypto enthusiasts share experiences, connect with their followers and where content is rewarded using the Blockchain Technology

Chain Reaction($70.00M) | Chain Reaction is an Israeli startup that is designing semiconductors and related architecture to use in blockchain and privacy hardware running cryptographic processes — with participation from Atreides Management, BlueRun Ventures, Exor Seeds, Hanaco Ventures, Jerusalem Venture Partners, KCK, Morgan Creek Digital

Taurus($65.00M) | Taurus SA is a Swiss company, founded in April 2018, that provides enterprise-grade infrastructure to issue, custody and trade any digital assets: cryptocurrencies including staking, tokenized assets and digital currencies. — with participation from Arab Bank Switzerland, Cedar Mundi Ventures, Credit Suisse, Deutsche Bank, Investis, Pictet Group

SALT($64.40M) | SALT was founded in 2016 by a group of Bitcoin enthusiasts who aimed to prove that people didnt need to compromise their lifestyle or forego their needs in order to pursue a long term outlook on cryptocurrency.

Sabre56($35.00M) | Sabre56 is a company that consults miners on the development and operations of facilities

Top Crypto Fundraising Deals

*The data presented is based on information extracted from CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.

Source: https://www.coincarp.com/fundraising/

DigiFT, a Singapore-based decentralized digital asset exchange (DEX), has launched its first Perpetual Bond Referenced Token (PBRT01). The PBRT01 is issued by Red Cedar Digital Pte Ltd and is backed by the Barclays 8% Perpetual Bond held in custody with Citibank. It is offered to accredited investors in both USD and USDC and allows Web3 investors to access fixed-income products without the need for a bank account.

The PBRT01 is aimed at providing a solution to the high correlation and volatility nature of crypto assets, and will allow investors to deploy their capital into real-world assets and earn a stable passive income. The tokenized fixed-income products like PBRT01 can help investors diversify their holdings, reduce exposure to potential crypto crashes, and serve as a treasury management solution for companies with USDC holdings.

Investors can trade PBRT01 on-chain via Automated Market Maker (AMM), Over-the-Counter (OTC), and Peer-to-Peer (P2P) trading or off-chain via redemption from the issuer. The convenience of real-time trading and instant settlement will enable investors to enjoy higher liquidity and full ownership of the tokens via their digital wallets.

DigiFT was founded in 2020 and is the first and only DEX enrolled within the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox. The company believes that an exchange can use advanced blockchain technology and be regulated at the same time. Recently, the company raised USD 10.5 million in its Pre-Series A funding, led by Shanda Group, and is striving to provide a comprehensive platform to investors that delivers a user-oriented token form of securitization.

PBRT01 is an exciting step for DigiFT and the broader Web3 ecosystem. It demonstrates how blockchain technology can support real-world asset management on-chain and offers risk-averse investors the opportunity to trade security tokens with smaller capital outlays. DigiFT’s move to enable RWAs tokenization in a regulatory-compliant manner marks a significant milestone in bridging the gap between DeFi, CeFi, and traditional finance.

#DifiFT #DeFi #CeFi #azcoinnews #BTC

This article was republished from azcoinnews.com

The #web3 bug bounty platform Immunefi said that November 2023 had the largest monthly cryptocurrency losses of the year, with over $343 million lost to fraud and hacking. Compared to October's exploits, which were valued at almost $22 million, this is a fifteen-fold rise. Hacking remained the most common kind of cyberattack compared to fraud, with over $335 million lost in 18 different hacking events in November.Platforms for centralised finance (#CeFi ) emerged as the primary victims, surpassing decentralised finance (#DeFi ) in terms of total lost money.For the month, high-profile assaults on platforms including Poloniex, HTX (previously Huobi), and Kronos Research amounted to 46.2% ($158.6 million) of the losses over 37 instances for DeFi and 53.8% ($184.4 million) over four for CeFi. With a combined loss of 83%, #BNB Chain and #ETH continued to be the most targeted chains in November.

Introduction:#cryptocurrency values are determined by various factors, including market demand and supply dynamics. In a market with a daily transaction volume exceeding $15 billion, matching bids and offers efficiently can be challenging. Most #cryptocurrency exchanges solve this problem by using centralized platforms, which, while contradicting the decentralization principle of #blockchain, offer certain advantages.Centralized Finance (CeFi):#CeFi platforms provide structured financial services, allowing users to borrow, lend, and earn interest on their cryptocurrency assets. Although centralized, the aim of CeFi is to make trading fairer, more efficient, and popular. While many CeFi services rely on trusted third parties, they prioritize decentralization over traditional financial services.However, CeFi platforms have their downsides, including high transaction fees due to intermediaries and a lack of transparency or absolute control over funds, which not everyone is comfortable with. The crypto community values the ability to conduct censorship-resistant transactions, something central exchanges may compromise.Decentralized Finance (DeFi):DeFi has become one of the most prominent sectors in the blockchain industry, despite its humble origins. DeFi platforms only recently became practical, as they realized that using the same order book model as centralized exchanges on a distributed network was incredibly inefficient.The introduction of Automated Market Makers (AMMs) last year brought decentralized exchanges (DEXs) to the forefront. AMMs allowed DEXs to abandon the traditional order book model in favor of pre-funded liquidity pools consisting of at least one token pair. Liquidity providers finance the pool based on their pool's ratio and earn a portion of the trading fees.Privacy and KYC:Privacy is another significant factor that attracts users to DeFi platforms. While centralized exchanges and other CeFi services often require full Know Your Customer (KYC) disclosures, most DeFi platforms do not ask for personal information, nor do they impose requirements for entering or exiting fiat currencies. DeFi requires users to trust a protocol rather than a company, a request that's challenging when dealing with unaudited code in the blockchain space.Key Differences:1. Trust and Responsibility:CeFi platforms offer users convenience but place less emphasis on users owning cryptocurrencies directly. They manage funds on behalf of users, and users don't have direct access to their private keys. In contrast, DeFi platforms grant full autonomy over assets, with users having sole control and ownership.2. Regulations and Market Size:CeFi dominates DeFi in terms of user base and market size. Established over the past decade, centralized platforms have solidified their brands. However, DeFi is a relatively young sector, still finding its footing. Regulatory compliance is more likely in CeFi, as there's a responsible entity to enforce it.Conclusion:While both DeFi and CeFi have their merits, the choice between them boils down to user preferences. CeFi offers stability and performance, while DeFi networks provide more privacy and control over assets. As both ecosystems continue to evolve, they contribute to the broader adoption of cryptocurrencies and blockchain technology. DeFi's innovative, decentralized designs continue to attract attention, potentially challenging the dominance of centralized financial institutions in the blockchain space. Ultimately, the road ahead is long, but both DeFi and CeFi are on the right path to reshape the future of financial services.#DeFiChallenge

According to CoinCarp Fundraising, Last week (03.05–03.11) 27 projects announced fundraising rounds.

#Web3

Kresus($25.00M) | Kresus, a web3 superapp for the everyday consumer that promises to be “entirely g oof-proof.” Kresuss website describes the app, which hasnt launched yet, as “part exchange, part wallet and part guide.” — with participation from Cameron Winklevoss, Craft Ventures, Franklin Templeton Investments, JetBlue Ventures, Liberty City Ventures, Marc Benioff, Tyler Winklevoss

Matchday($21.00M) | Matchday plans to blend Web3 and mobile gaming to create a suite of soccer games, licensed by FIFA, that cater to fans who might be too intimidated by existing soccer games. — with participation from Play Time

Cubist($7.00M) | Cubist is the Web3 developer tools provider. Manage your teams web3 development, testing, deployment and upgrade workflows in custom, security-focused CI/CD pipelines — with participation from Amplify Partners, Axelar, Blizzard Fund, dao5, Polychain Capital, Polygon

Redemption Games($7.00M) | Redemption Games is working on new games that are looking to bring emerging technologies to the mass market, including a new approach to digital collectibles and AI — with participation from BITKRAFT Ventures, Merit Circle, OrangeDAO, Play Ventures

Tweed($4.00M) | Tweed provides self-custodial key management, a fully functional white label wallet, and onramp + offramp connectivity to platforms looking to introduce web3 elements within their own environment and appeal to non-crypto native users — with participation from Accel, Ameet Patel, Communitas Asset Management, Cristobal Conde, Mike Vaughan, Nicolas Julia, Zero Knowledge

EtherMail($4.00M) | Founded by serial entrepreneurs Shant Kevonian and Gerald Heydenreich in late 2021, EtherMail is the only tool in the Web 3.0 space allowing web3 companies to send rich, relevant content directly to their asset holders based on blockchain-synced real-time information — with participation from Draper Associates, Fabric Ventures, Greenfield One, MS&AD Ventures, Tim Draper

The GrowHub($3.00M) | The GrowHub Innovations Company (“The GrowHub”) is Asia Pacifics only Web3-enabled technology plug-and-play ecosystem builder focusing on food traceability and carbon credits. — with participation from Lester Chan

nealthy($1.30M) | nealthy offers index tokens that enable investors to enter Web3 markets quickly and worry-free — with participation from Don Geraldo

Spield Algorithm($$-) | Spield Algorithm is a quantitative trading company from North America — with participation from BitValue

#DeFi

Mauve($15.00M) | Mauve is a decentralized exchange (DEX) that offers traditional finance-level compliance guarantees to reduce counterparty risk — with participation from Balderton Capital, BlueYard Capital, Brevan Howard, Coinbase Ventures, Ethereal Ventures

Gyroscope($4.50M) | Gyroscopes mission is to build robust public infrastructure for DeFi — with participation from Archetype, Fernando Martinelli, Galaxy, Maven 11 Capital, Placeholder, Robot Ventures

#NFTs

Coresky($6.00M) | Coresky has designed a new business model that drives the Marketplace through the economic utility of Launchpad — with participation from Payson Lee Private Foundation

Tensor($3.00M) | Tensor is a Solana-focused NFT aggregator for professionals — with participation from Alliance DAO, Anatoly Yakovenko, Big Brain Holdings, Placeholder, Raj Gokal, Solana Ventures

Infrastructure

Matter Labs($458.00M) | Matter Labs is better known for its work on zkSync, a scaling and privacy engine for Ethereum — with participation from 1kx, Aave, Alchemy, Andreessen Horowitz(a16z), Andreessen Horowitz(a16z), Blockchain Capital, Blockchain Capital, Blockchain.com, Bybit, Coinbase Ventures, ConsenSys Ventures, Covalent, Crypto.com Capital, Curve, Dragonfly Capital, Dragonfly Capital, Gnosis, Lightspeed Venture Partners, OKX, Placeholder, Rarible, Union Square Ventures, Variant

Scroll($50.00M) | Scroll was founded in 2021 with the vision of scaling Ethereum to a billion users — with participation from Anthony Sassal, Bain Capital Crypto, Bain Capital Crypto, Carlos Aria, Geometry, IOSG Ventures, Moore Capital Management, Newman Capital, Polychain Capital, Polychain Capital, Qiming Venture Partners, Robot Ventures, Ryan Sean Adams, Santiago R. Santos, Sequoia Capital China, Variant, Ying Tong

Proven($15.80M) | Proven aims to be the leader in building a world where everyone on Earth can have confidence in the security of their financial relationships and the freedom to transact as they wish. — with participation from Ada Yeo, Balaji Srinivasan, Framework Ventures, Roger Chen

#CeFi

BIKA($10.00M) | BIKA is a leading digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem for global users with safer and faster crypto derivatives trading services. — with participation from BankChamps

Aisot($1.93M) | Aisot Technologies AG (aisot), an official ETH Zurich spin-off, and member of ETHs AI Center, is pioneering a new way to invest — with participation from F10 Global

Others

Believer($55.00M) | Believer, founded by ex-Riot execs Michael Chow and Steven Snow — with participation from 1Up Ventures, Andreessen Horowitz(a16z), BITKRAFT Ventures, Cleveland Avenue, Lightspeed Venture Partners, Riot Games, The Tornante Company

Toku($20.00M) | Toku is the first comprehensive, global solution for token compensation & tax compliance — with participation from Blockchain Capital, gmjp, Joe Lau, Next Web Capital, Nikil Viswanathan, OrangeDAO, Orrick, Protocol Labs, Quantstamp, Reverie

OpenChat($5.50M) | OpenChat is a fully featured chat application running on the Internet Computer blockchain similar to WhatsApp, Signal and Telegram, and will soon be getting a major new capability called “communities” which are like Slack workspaces or Discord servers.

Relai($4.50M) | Relai is a Bitcoin savings app, it allows retail investors buy and sell bitcoin without the additional constraints of registration, verification, or deposits — it also gives investors full control of their funds via a non-custodial bitcoin wallet. — with participation from Cabrit Capital, Ego Death Capital, Fulgur Ventures, Lightning Ventures, Redalpine, Timechain

ECSA($3.00M) | ECSA is a stablecoin issue platform that allows for easy conversion of Brazilian Real to BRLe, a fully collateralized stablecoin — with participation from Arca, Y Combinator

tex.tracer($1.50M) | tex.tracer brings verified transparency to the fashion supply chain — with participation from HearstLab, Joanna Invests, ROM InWest

Tonstarter($1.50M) | Tonstarter is the first launchpad based on The Open Network for retail and venture investing in promising projects, enabling teams to raise capital in a decentralized, safe, and user-friendly environment. — with participation from DWF Labs, Gate.io, Kingsway Capital

Over-C($1.19M) | Over-C is a leading property management software platform, delivering live operational risk data and analytics using machine learning and IoT to predict and prevent future incidents. — with participation from Ayre Group

Divly($0.40M) | Divly is a service that simplifies tax declarations in the crypto market and was founded in June 2021 by Carl Gärdsell and Ruben Rehn — with participation from DHS Venture Partners, Greens Ventures, YEoS Ventures

Of the above items, 32% of the projects are Web3 projects. The total funding amount last week is $729.12M, a -10% decrease compared to the previous week. Among all, the biggest funding round is Matter Labs, which has raised $458.00M.

Source: https://www.coincarp.com/fundraising/statics/