According to Foresight News, there were 20 investment and financing events in the crypto market from September 14, 2024 to September 20, 2024, including 9 in tools and infrastructure, 6 in DeFi, 2 in asset management, 2 in blockchain games and NFT, and 1 in Web3. The total amount of investment and financing disclosed was approximately US$108 million.

Summary of total disclosed financing amount and financing number at weekly level:

This week's investment and financing projects are sorted by financing amount as shown below:

There were four financings of tens of millions of dollars this week, including Drift's $25 million Series B financing, led by Multicoin Capital; Solana infrastructure provider Helius's $21.75 million financing, led by Haun Ventures and others; Yellow Network's $10 million seed round financing, led by Ripple co-founder Chris Larsen; and Internet infrastructure network Pipe's $10 million financing, led by Multicoin Capital.

In the investment and financing segments, the tool and infrastructure sectors were both hot this week, while Web3 was relatively sluggish.

In terms of institutions, active institutions this week include Foresight Ventures, Multicoin Capital and Borderless Capital, which mainly focus on tools and infrastructure.

Tools and Infrastructure

Solana Ecosystem Edge Computing Open Layer Gradient Completes New Round of Financing

Gradient Network hopes to provide affordable solutions for scenarios such as AI reasoning, serverless computing, and content delivery through decentralized edge computing infrastructure. Gradient's first product, the Sentry Node browser plug-in, was also launched at the same time.

Ore establishes Regolith Labs and completes $3 million in financing

Ore is a Solana on-chain mining project.

RISE Chain Completes $3.2 Million Seed Round Financing

RISE Chain is a L2 protocol.

Fermah, a developer of universal proof generation layer, completes $5.2 million seed round

Fermah aims to solve problems associated with zero-knowledge (ZK) proofs by acting as a ZK proof generation marketplace, leveraging affordable and reliable infrastructure to create proofs for ZK Rollups, ZK cross-chain, and other use cases.

Internet infrastructure network Pipe completes $10 million in financing

Pipe will be built on the Solana network and plans to launch a testnet at the Breakpoint conference in Singapore.

Yellow Network Completes $10 Million Seed Round

Yellow Network is a Layer-3 P2P protocol that leverages state channels to facilitate trading and settlements through smart clearing.

Capstone Technology Completes $5.45 Million Financing

Capstone Technology is a UAE-based leading company in blockchain technology and artificial intelligence.

Bitcoin infrastructure Bool Network completes $2 million seed round of financing

Bool Network is committed to providing self-custody solutions for Bitcoin holders. Through the combination of the original DHC technology and Taproot, Bool Network supports users to seamlessly participate in DeFi scenarios such as stablecoins, Restaking and cross-chain bridges in a self-custody environment.

Helius completes $21.75 million in financing

Helius is a Solana infrastructure provider.

DeFi

0xAstra, the innovative gamified full-chain liquidity aggregation protocol, completes $3 million in seed round financing

The 0xAstra team is composed of senior experts in the fields of cryptocurrency, games, and the Internet, and has successfully launched a number of popular game products. Since its launch, 0xAstra has been connected to dozens of mainstream L1 and L2 networks. In more than two months, the platform's cumulative transaction volume has exceeded US$90 million.

Prime Protocol Completes $1.25 Million Strategic Financing

Prime Protocol is a cross-chain liquidity and lending protocol.

Bitcoin full-chain lending protocol Blend completes seed round financing

Blend is a full-chain lending protocol for Bitcoin assets, dedicated to providing users with efficient liquidity solutions by introducing Bitcoin as a collateral asset. Blend plans to first deploy its protocol on public chains such as Arbitrum and Base, and will connect to decentralized Bitcoin asset solutions such as dlcBTC.

Drift Completes $25 Million Series B Funding

Drift is a Solana ecosystem derivatives protocol.

Amnis Finance Completes $2 Million Financing

Amnis Finance is a liquidity staking protocol on the Aptos blockchain.

Sei Ecosystem Derivatives DEX Filament Completes $1.1 Million Seed Round Financing

Filament was developed by a team that previously worked at Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, and is built on the Sei Network. The platform introduces a new hybrid model that combines segregated liquidity pools with order books, enabling it to operate efficiently in low liquidity conditions.

Asset Management

Velo Labs receives second strategic investment from UOB Venture Management

Velo Labs will provide Web3-based financial solutions and settlement networks to enable value transfer.

TrueX Completes $9 Million Seed Round

TrueX’s parent company is True Markets, which was co-founded by Vishal Gupta, formerly head of Coinbase exchange and head of USDC at Circle, and Patrick McCreary, a former Coinbase engineer.

NFT and blockchain games

Ambrus Studio Completes Multi-Million Dollar Funding

Ambrus Studio is a blockchain game developer.

Solana-based game engine MagicBlock completes $3 million Pre-Seed round of financing

MagicBlock will expand the engine of live on-chain games and consumer applications on Solana, addressing the performance and scalability limitations of current on-chain applications.

Web3

Limitless Network Completes $3 Million Pre-Seed Round of Financing

Limitless Network is a prediction market.

other

Foresight Ventures, MEXC Ventures and Mirana Ventures Launch Fund for Aptos Ecosystem Expansion

Foresight Ventures, MEXC Ventures, and Mirana Ventures establish a fund for Aptos ecosystem expansion. The fund will target promising projects based on the Aptos platform and provide resources for the development of key Web3 use cases that leverage Aptos infrastructure, innovative technologies such as Block-STM, and seamless interoperability with key EVM ecosystems.

LayerZero and a16z launch lzCatalyst program, participating funds will be incentivized to invest $300 million in LayerZero integrated projects

The lzCatalyst program is designed to help developers access significant capital and resources, and participating funds will be incentivized to invest $300 million directly in projects that integrate LayerZero, but will independently maintain their own due diligence and investment processes.

Borderless Capital Launches $100 Million DePIN Fund

Borderless Capital has launched its third DePIN fund, which is backed by $100 million. Investors in the fund include DePIN-focused blockchain Peaq, as well as Solana Foundation and Jump Crypto, among others.