Last week, there were a total of 12 public financing events in the cryptocurrency market | Financing Weekly Report

According to Chain Catcher statistics, from January 25 to 31, there were a total of 12 investment and financing events in the blockchain industry, mainly focused on the Polkadot ecosystem and DeFi sector. Among the investment institutions, Genesis Block Ventures (GBV) and CMS Holdings were relatively active, each investing in two projects. Additionally, Galaxy Digital, FBG Capital, Pantera Capital, Three Arrows Capital, and Coinbase Ventures also took action.

1. South Korean stablecoin project Terraform Labs raises $25 million in funding, led by Galaxy Digital
On January 26, Galaxy Digital led the latest round of $25 million financing for South Korean crypto startup Terraform Labs. Other participants in this round included Pantera Capital and Coinbase Ventures.
The funds will be used for its synthetic asset protocol Mirror Protocol, DeFi savings protocol Anchor Protocol, and key infrastructure in DeFi applications to maintain the core position of Terra's algorithmic stablecoin.
2. Decentralized derivatives exchange dYdX completes $10 million Series B funding
On January 26, decentralized derivatives exchange dYdX raised $10 million in a Series B funding round led by Three Arrows Capital and DeFiance Capital.
Launched in 2017, the platform offers various decentralized trading products, including Bitcoin and Ethereum derivatives. The funds will primarily be used to add new assets and features to perpetual contracts, transfer more control to users, collaborate with infrastructure companies to bridge the gap between CeFi and DeFi, strategically invest in international growth markets, focusing on China, and continue team building.
3. Stellar Development Foundation invests $5 million in crypto payment company Wyre
On January 26, the Stellar Development Foundation announced a $5 million investment in crypto payment company Wyre to enhance support for financial applications within the Stellar ecosystem. The Stellar Foundation stated that the investment would introduce various payment application programming interfaces (APIs) for applications on the Stellar network.
4. Polkadot ecosystem project ParaState completes $1.3 million seed round financing, led by CMS Trading
On January 28, blockchain project ParaState completed a $1.3 million seed round financing led by CMS Holdings, with participation from Kenetic Capital, FBG Capital, and JRR Capital.
ParaState writes Ethereum-compatible smart contracts in popular programming languages and runs them faster on Polkadot. ParaState plans to redevelop a WebAssembly virtual machine that complies with eWasm specifications using Polkadot's technology roadmap. The funds raised will be used to expand its team and launch the mainnet.
5. Polkadot cross-chain oracle ParaLink Network completes $2.8 million financing
On January 28, Polkadot cross-chain oracle ParaLink Network announced the completion of $2.8 million financing, with investors including LD Capital, Kenetic, 3Commas, Genesis Block Ventures, and NGC Ventures. ParaLink also announced Denko Mancheski, CEO of Reef Finance, as an advisor.
ParaLink's on-chain consensus layer is built on Polkadot's Substrate, featuring a unique query language called PQL that allows users to query SQL databases, access Web APIs, scrape websites, and access states from other blockchains.
6. Weather risk management platform Arbol completes nearly $7 million Series A financing
On January 28, Arbol's founder and CEO Sid Jha stated that Arbol completed nearly $7 million in Series A financing around Christmas 2020, with new investors including Mubadala Capital Ventures, and all seed round investors Finch Finance and Space Capital also participating.
The Arbol platform utilizes smart contracts on Ethereum and Chainlink oracle data to provide users with weather insurance, addressing bottlenecks and inefficiencies in traditional insurance contracts, such as fraud, corruption, and claims delays.
7. DeFi protocol Sovryn raises $2.5 million through token presale
On January 28, Bitcoin-based DeFi protocol Sovryn announced that it had raised $2.5 million through a token presale. Sovryn co-founder Edan Yago stated that the presale is reserved for its community, allowing participants to secure their right to purchase the protocol's native token SOV, which will launch next month.
Sovryn allows for native and non-custodial trading and lending of Bitcoin, enabling users with BTC, USDT, and DOC stablecoins to earn interest by lending their assets.
8. Bifrost secures a new round of angel financing, supported by several leading blockchain investment institutions
On January 28, Polkadot ecosystem infrastructure protocol Bifrost announced a new round of angel financing, marking its second round of financing following a $600,000 seed round in September 2020. Participating institutions in this round include CMS Holdings, Altonomy, SevenX Ventures, and Zonff Partners.
Bifrost has received a Web3 Foundation Grant and is among the first members of the Substrate Builders Program and Web3 Bootcamp, having raised millions of dollars in total. The team revealed that they will soon launch the largest token airdrop event before the mainnet launch.
9. GBV announces investments in DAOventures and Lepricon
On January 28, crypto venture capital firm Genesis Block Ventures (GBV) announced investments in the DeFi prediction gaming platform Lepricon and the DeFi portfolio management protocol DAOventures.

Lepricon combines elements of gamified DeFi, liquidity pools, prediction markets, gaming, and non-fungible tokens (NFTs), aiming to unlock and realize the potential of gaming and NFTs in blockchain by providing developers with a platform to build gamified DeFi dApps, focusing on user experience.

DAOventures aims to simplify DeFi investment, with a mission to make DeFi simpler, more accessible, and inclusive, allowing users to easily access a variety of DeFi products, including unbiased robo-advisory, lending, yield aggregation, fund management, structured products, and decentralized insurance.
10. DeFi platform Parsec raises $1.25 million and officially launches
On January 29, Polychain Capital led a $1.25 million financing round for Parsec, with other investors including Robot Ventures, Volt Capital, Free Company, as well as Eric Conner, Alex Pack, and Will Price.
Parsec aims to become a multi-functional trading platform for decentralized finance (DeFi) and has already secured investments from numerous cryptocurrency venture capital firms.
11. Robinhood raises $1 billion from existing investors
On January 29, Robinhood announced that it had raised over $1 billion from existing investors. Although the U.S. online brokerage Robinhood secured a credit line yesterday, the company still needs more cash to ensure it does not have to impose further trading restrictions on customers and has reached out to several investors for financing.
Sources involved in the negotiations indicated that venture capital firms such as Sequoia Capital and Ribbit Capital participated in this financing round, which will grant them additional equity in Robinhood, a commission-free stock trading platform. On May 10, 2018, Robinhood announced that it had raised $363 million in its Series D financing, valuing the company at $5.6 billion.