During October 26th to November 1st, there were 23 investment and financing events in the crypto market, including 11 in infrastructure, 5 in DeFi, 3 in DePIN, 1 in gaming, 1 in security solutions, 1 in gaming, 1 in tools, and 1 in creator economy.

This week, there were 8 financings over ten million dollars:

Physical proof of work protocol for carbon credits, Glow, completed a $30 million financing round, with investors including Framework, Union Square Ventures, etc.Decentralized public blockchain Nillion completed a $25 million financing round, with investors including Hack VC, HashKey Capital, etc.Verifiable finance blockchain Atlas completed a $21 million financing round, with investors including Haun Ventures, Paradigm, etc.Bitcoin ZK rollup Citrea completed a $14 million Series A financing round, with investors including Founders fund, Maven11, etc.Web3 automation and relay network Gelato Network completed a $11 million OTC financing round, with investors including Hack VC, Animoca Brands, etc.Scalable data labeling solution Sapien completed a $10.5 million seed round financing, with investors including Variant Fund, Primitive Ventures, etc.Babylon liquidity staking protocol PumpBTC completed a $10 million seed round financing, with investors including SevenX Ventures, Mirana Ventures, etc.Bitcoin ecosystem DeFi solution BitSmiley completed a $10 million financing round, with investors including MH Ventures, Cypher Capital, etc.

This week’s crypto market investment and financing activity remained flat compared to last week, with 11 in infrastructure and 5 in DeFi. The physical proof of work protocol for carbon credits, Glow, secured the largest financing of the week at $30 million.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

Infrastructure

According to ROOTDATA investment data on October 31, Citrea completed a $14 million Series A financing round, with investors including Founders Fund, Maven11, etc. Citrea is a Bitcoin ZK rollup and a Bitcoin-based execution layer. Every transaction on Citrea is fully protected by zero-knowledge proofs and verified through BitVM on Bitcoin.According to ROOTDATA investment data on October 31, Spire completed a $7 million seed round financing, with investors including Maven11, Anagram, etc. Spire is a modular L3 network built on top of zkEVM L2, scaling Ethereum in a fractal manner. Spire provides infrastructure for developers to launch their own interoperable L3 application chains. Spire is both a Rollup-as-a-service (RaaS) and an L3-as-a-service. Unlike other RaaS, Spire focuses on L3s on top-tier zkEVM. Through its recursive zkrollup architecture, L3s spinning with Spire can scale vertically and are equipped with special features to leverage contracts on L2 (such as Scroll). Additionally, Spire itself will launch its own L3 to support other application chains on Spire.According to ROOTDATA investment data on October 31, Axal completed a $2.5 million pre-seed round financing, with investors including CMT Digital, a16z, etc. Axal is a verifiable autonomous agent network that makes agents available for tasks across the Internet. From complex trading strategies to community engagement, users can specify what they want through simple natural language or programmatic interfaces. Axal handles agent procurement, conducts competitive auctions, and processes payments.According to ROOTDATA investment data on October 31, Atlas completed a $21 million financing round, with investors including Haun Ventures, Paradigm, etc. Atlas is a blockchain for verifiable finance. Atlas is built for financial applications that require reliable transaction delivery, near-zero transaction costs, fast pre-confirmations, frequent and reliable oracle updates, and honest ordering.According to ROOTDATA investment data on October 31, Alliance Games completed a $5 million Series A financing round, with investors including Animoca Brands, Asymm Ventures, etc. Alliance Games is a fully decentralized, community-driven platform providing next-generation decentralized Web3 gaming infrastructure hosting and data storage services, committed to redefining the boundaries of gaming using blockchain technology to provide always-accessible immersive experiences.According to ROOTDATA investment data on October 30, Termina completed a $4 million seed round financing, with investors including Lemniscap, Borderless Capital, etc. Termina is a deployment platform developed by Nitro Labs that allows builders to launch high-performance, customizable, and use-case specific SVM blockchains. Each Termina rollup, batch processor, or application chain can access servers, block explorers, data indexers, and interoperability networks.According to ROOTDATA investment data on October 30, Sapien completed a $10.5 million seed round financing, with investors including Variant Fund, Primitive Ventures, etc. Sapien is a scalable data labeling solution that gamifies the data labeling process using on-chain rewards.According to ROOTDATA investment data on October 30, Nillion completed a $25 million financing round, with investors including Hack VC, HashKey Capital, etc. Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC), allowing nodes in decentralized networks to work in a unique, non-blockchain way. Nillion unlocks important new utilities in Web3 by enabling use cases such as decentralized credit scoring, decentralized trusted execution environments, private NFTs, and decentralized secure storage services.According to ROOTDATA investment data on October 29, Vixichain completed a $7 million financing round, with investors unknown. Vixichain is a Layer-1 platform whose comprehensive solution includes smart contracts that simplify transactions, improve speed and security, while ensuring regulatory compliance. Vixichain’s ecosystem is built on the foundation of the Vixi wallet.According to ROOTDATA investment data on October 29, KRNL completed a $1.7 million pre-seed round financing, with investors including Superscrypt, Ryze Labs, etc. KRNL Labs is innovating cross-chain communication at the RPC node level to create a new type of software management for Web3. It also unlocks the ability to share libraries across blockchain networks, fundamentally changing how execution tasks are handled. To ensure secure and efficient cross-network execution, KRNL uses enhanced Go Ethereum (Geth) clients and custom GraphQL runtime. This allows dApps to shift execution tasks to optimized networks or Web2 infrastructure.According to ROOTDATA investment data on October 28, Gelato Network completed an $11 million OTC financing round, with investors including Hack VC, Animoca Brands, etc. Gelato Network is a Web3 automation and relay network that enables developers to automate various arbitrary smart contracts on all EVM-compatible blockchains (such as Ethereum). Example use cases built on top of Gelato include limit orders on AMMs like Uniswap, cross-chain bridges, automatic compounding for yield farming vaults, Aave liquidation protection, MakerDAO debt ceiling updates, automated liquidity management, and even Aavegotchis pets.

DeFi

According to ROOTDATA investment data on October 30, Magma completed a $3.9 million seed round financing, with investors including CMS Holdings, Animoca Brands, etc. Magma is a Monad-based liquid staking protocol developed by Hydrogen Labs. It achieves fair token distribution through ecosystem competitive airdrops, focuses on community participation and decision-making, and can independently fund protocol development and manage various activities.According to ROOTDATA investment data on October 29, PumpBTC completed a $10 million seed round financing, with investors including SevenX Ventures, Mirana Ventures, etc. PumpBTC is Babylon’s liquid staking solution. PumpBTC aims to help BTC holders maximize yields through Babylon’s staking — essentially rebuilding $WBTC/$BTCB/$FBTC with native yields.According to ROOTDATA investment data on October 29, Native completed a $2.6 million seed round financing, with investors including Nexus Mutual. Native is a global broker connecting traditional insurance with on-chain capital, offering on-chain and off-chain risk products with limits up to $20 million. Its mission is to address the long-standing problem of underinsurance in digital assets.According to ROOTDATA investment data on October 28, CAP completed a $1.9 million pre-seed round financing, with investors including Robot Ventures, ABCDE Capital, etc. CAP is a stablecoin engine designed to free users from endogenous model cycles. CAP’s stablecoin engine will produce redeemable stablecoins in various denominations, such as USD, BTC, and ETH. Their goal is to democratize what was previously only accessible to a few sophisticated and already wealthy participants. This includes the deepest layers of yield, such as arbitrage, MEV, and RWA.According to ROOTDATA investment data on October 28, BitSmiley completed a $10 million financing round, with investors including MH Ventures, Cypher Capital, etc. BitSmiley is a Bitcoin native DeFi project. As the first stablecoin project in the BTC DeFi ecosystem, BitSmiley innovates in both application design and protocol layers. Its pioneering Fintegra framework consists of three main components: a decentralized over-collateralized stablecoin protocol, a native trustless lending protocol, and an on-chain derivatives protocol. BitSmiley will first introduce bitUSD, a native over-collateralized stablecoin on the Bitcoin blockchain, solving the problem of lacking stable price pegging tools. Users can generate bitUSD by over-collateralizing BTC, enabling participation in all BTC blockchain DeFi protocols. Each bitUSD is backed by over-collateralized BTC, ensuring stability and user asset security through a robust liquidation and repayment system.

DePIN

According to ROOTDATA investment data on 10–31, Glow completed a $30 million funding round, with investors including Framework and Union Square Ventures. Glow is building a Proof of Physical Work (PoPW) protocol for carbon credits, incentivizing carbon credit creation by rewarding solar panel operators with tokens, and displacing unclean energy from the grid.According to ROOTDATA investment data on 10–31, GEODNET completed a funding round of undisclosed amount, with investors including Animoca Brands. GEODNET’s mission is to collect dense real-time geospatial data from Earth and its atmosphere using novel rooftop weather stations. The use of blockchain will facilitate a robust and resilient network that provides secure and trusted geospatial data products for critical economic sectors such as agriculture, transportation, and finance, as well as emerging applications in Autonomy, AR/VR, and the Metaverse.According to ROOTDATA investment data on 10–30, AiGO Network completed a strategic funding round of undisclosed amount, with investors including Waterdrip Capital and K300 Ventures. AiGO Network is a real-time, plug-and-play DePIN data network providing decentralized access to verified GPS and geolocation data.

Others

According to ROOTDATA investment data on 11–01, Phylax completed a $4.5 million seed round, with investors including Nascent and Figment Capital. Phylax is an open-source security protocol that protects decentralized applications (DApps) on blockchain networks by actively monitoring hacking activities on the underlying network.According to ROOTDATA investment data on 10–30, PARAVOX completed a $4.5 million seed round, with investors including GREE and Digital Hearts Holdings. PARAVOX is a 3v3 arena third-person shooter game with tactical strike point rules and smooth high-speed combat. PARAVOX is developed by 81RAVENS studio.According to ROOTDATA investment data on 10–28, Streamflow completed a $1.9 million funding round, with investors including John Lilic and Solana Ventures. Streamflow is a token distribution platform on Solana that allows any organization to distribute and stream value. The platform offers token vesting, payroll, and batch payments on top of secure and reliable multisig wallets.According to ROOTDATA investment data on 10–28, Libraro completed a funding round of undisclosed amount, with Ayre Ventures as investor. Libraro is a platform provider connecting writers, readers, and publishers. Here, writers can shine, publishers can discover new talent, and readers can delve into engaging stories. By leveraging blockchain technology, Libraro is able to provide authors with a secure and transparent platform to showcase their work, protect their intellectual property, and interact with their audience. This not only helps protect authors’ rights but also helps foster a sense of community and collaboration among users.