Hotcoin Investment and Financing Weekly Report (07.27–08.02) | A total of 20 public investment and financing events, with financing data showing a decline compared to last week

From July 27 to August 2, the crypto market saw a total of 20 investment and financing events, including 9 in DeFi, 2 in infrastructure, 2 in DePIN, 1 in CeFi, 1 in gaming, 1 in payments, 1 in recruitment solutions, 1 in NFT tools, 1 in data & analytics, and 1 in reputation systems.

This week, there were 2 financing events exceeding ten million dollars:

The decentralized lending protocol Morpho completed a $50 million financing round, with investors including Ribbit Capital and Coinbase Ventures.

Crypto payment API provider Layer2 Financial completed a $10.7 million Series A financing round, with investors including Galaxy Digital and Accomplice.

This week, the investment and financing activity in the crypto market saw a decline compared to last week, with 9 events in DeFi and 2 in infrastructure. The decentralized lending protocol Morpho secured the largest financing amount of the week, totaling $50 million.

This week's investment and financing projects sorted by financing amount are shown in the figure below:

DeFi

1. According to ROOTDATA investment and financing data on 08-01, Chateau completed a pre-seed round of financing with an unknown amount, with investors including Hack VC. Chateau is a protocol that brings TradFi private equity and fund investments on-chain, providing DeFi participants access to these private markets. Chateau assets can be combined with most DeFi protocols, supporting novel applications and other use cases based on on-chain RWA lending markets, leverage, and re-collateralization.
2. According to ROOTDATA investment and financing data on 08-01, Morpho completed a $50 million financing round, with investors including Ribbit Capital and Coinbase Ventures. Morpho is a lending protocol that combines the current liquidity pool model used in Compound or AAVE with the capital efficiency of a P2P matching engine used in order books. Morpho-Compound improves upon Compound by providing the same user experience, liquidity, and liquidation parameters, but increases APY due to peer-to-peer matching.
3. According to ROOTDATA investment and financing data on 08-01, Rage Trade completed a $6 million public round of financing, with unknown investors. Rage Trade is building the most liquid and composable full-chain ETH perpetual contract protocol (powered by UNI V3). The Delta Neutral Vaults launched by Rage Trade allow users to provide liquidity on GMX in a delta-neutral manner while earning ETH rewards on GMX. This vault operates on-chain, minimizing ETH and BTC risk by shorting Aave+Uniswap with the help of two independent risk vaults.
4. According to ROOTDATA investment and financing data on 08-01, Pichi Finance completed a $2.5 million financing round, with investors including Signum Capital and UOB Venture. Pichi Finance is a points trading protocol that enables users to trade points from their favorite protocols before TGE. Pichi has made significant design improvements to the process of trading points by utilizing ERC-6551 accounts (also known as Tokenbound accounts). Users can create Michi wallet NFTs and deposit tokens that earn points into the associated ERC-6551 wallet. Once points accumulate in the wallet, users can withdraw the tokens that earned points and sell the Michi wallet NFT, effectively selling the accumulated points.
5. According to ROOTDATA investment and financing data on 07-31, We.Rich completed a $2 million seed round of financing, with investors including Animoca Brands and Folius Ventures. We.Rich is a UGA (user-generated assets) platform that allows anyone to launch a memecoin without LP with one click.
6. According to ROOTDATA investment and financing data on 07-30, aPriori completed a strategic financing round with an unknown amount, with investors including Binance Labs. aPriori is an MEV infrastructure and liquid staking protocol designed for the era of parallel execution and built natively on Monad.
7. According to ROOTDATA investment and financing data on 07-29, Liquorice completed a $1.2 million pre-seed round of financing, with investors including Greenfield and L2IV. Liquorice is a DeFi protocol that enables auction-based price discovery and unilateral liquidity pools. Liquorice's main mission is to provide efficient inventory management tools for professional trading firms and to easily connect to core DeFi protocols like 1inch and Uniswap X when settling trades based on intent.
8. According to ROOTDATA investment and financing data on 07-29, Agent Exchange completed a $1 million financing round, with investors including Caladan and Larry Cermak. Agent is an integrated platform for creating, managing, earning, and trading Web3 sub-accounts. Agent provides Web3 users with maximum flexibility and control over their accounts and DeFi profit strategies by creating and intuitively managing multiple Web3 sub-accounts on its account platform. It allows seamless connections to various dApps in its app store and supports any EVM dApp, primarily focusing on those with points, airdrops, and other "account-bound assets" (i.e., locked assets).
9. According to ROOTDATA investment and financing data on 07-29, BlonkFi completed a pre-seed round of financing with an unknown amount, with investors including UOB Venture and Signum Capital. BlonkFi is a money market and liquidity protocol on Solana. BlonkFi allows users to use memecoins as collateral and build positions with the liquidity of new tokens.

Infrastructure

1. According to ROOTDATA investment and financing data on 08-01, Particle Network completed a financing round with an unknown amount, with investors including Binance Labs. Particle Network is a modular L1 blockchain that powers chain abstraction by creating universal accounts, providing users with a single address and interaction point across chains while extracting gas and unifying liquidity. This enables existing L1 and L2 to coordinate seamlessly across ecosystems.
2. According to ROOTDATA investment and financing data on 07-30, Hyperbolic completed a $7 million seed round of financing, with investors including Polychain and Faction. Hyperbolic is building an AI cloud to enable open access to AI. It achieves this by addressing three main issues: 1. System: Building a scalable system to aggregate global GPU computing and develop AI services to maximize the performance of any type of GPU; 2. Verification: Ensuring that outputs from the network run on the correct AI models; 3. Privacy: Protecting user data privacy even when requests are handled by random third-party nodes.

DePin

1. According to ROOTDATA investment and financing data on 07-31, Daylight completed a $9 million Series A financing round, with investors including a16z and Framework Ventures. Daylight is a distributed energy protocol based on Base that allows users to connect their energy devices (such as thermostats, batteries, electric vehicles, and solar inverters) to its application and earn rewards. Users can also join the Daylight marketplace to obtain energy upgrades for their homes or buildings, such as solar panels, electric vehicle chargers, heat pumps, and water heaters.
2. According to ROOTDATA investment and financing data on 07-30, Raad Labs completed a $2.25 million seed round of financing, with investors including CoinFund and Tribe Capital. Raad Labs is establishing an incentive network to modernize the data management and collection processes for local, regional, and large-scale weather data and intelligence. The project aims to establish a DePIN network to incentivize distributed personalized weather stations and other atmospheric sensors to improve model accuracy and provide incremental new data to manage weather risks and quantify emissions.

Others

1. According to ROOTDATA investment and financing data on 07-31, Breakout completed a $4.5 million seed round of financing, with investors including RockawayX and Mechanism Capital. Breakout is a cryptocurrency proprietary trading firm that provides a friendly environment for cryptocurrency, forex, and index traders. With direct integration with primary cryptocurrency exchanges, Breakout focuses on tight spreads, robust risk management, and excellent liquidity, aiming to redefine the standards of the proprietary trading industry.
2. According to ROOTDATA investment and financing data on 08-02, Destiny Of Gods completed a $500,000 financing round, with investors including PurpleSky Capital. Destiny of Gods is a turn-based digital card game. Players will build decks, upgrade equipment, and engage in PvE and PvP battles. The game offers various game modes, dungeons, cards, and equipment. It is a turn-based digital card game that allows players to enjoy fun while earning extra income.
3. According to ROOTDATA investment and financing data on 07-31, Layer2 Financial completed a $10.7 million Series A financing round, with investors including Galaxy Digital and Accomplice. Layer2 Financial is a payment and banking-as-a-service provider that aims to offer fully compliant multi-currency payments, banking, and digital asset wallets for fintech companies and their customers. With just one API, clients can seamlessly and easily access all these services.
4. According to ROOTDATA investment and financing data on 07-31, Icebreaker completed a $5 million seed round of financing, with investors including CoinFund and Accomplice. Icebreaker is a Web3 professional network where users can instantly prove their qualifications and provide verifiable recommendations for people in their network. By using blockchain technology, it allows users to transfer their existing professional profiles and networks to a verified channel.
5. According to ROOTDATA investment and financing data on 07-30, Mintify completed a $3.4 million financing round, with investors including Arca and Master Ventures. Mintify is an NFT terminal for professional traders. Using Mintify, users can discover and analyze new NFT collections with a range of powerful features: early whitelists, direct contract minting, team research, asset management, project statistics, market arbitrage, predictive analytics, and early feature reveal "sniping," providing historical and real-time data for long-term holders and emerging NFT quant traders.
6. According to ROOTDATA investment and financing data on 08-01, Lukka completed a strategic financing round with an unknown amount, with investors including Animoca Brands. Lukka is a crypto asset data and software company that bridges the complexity of blockchain data with traditional business needs. Lukka's products enable forensic accounting for crypto assets. Its clients include traditional and crypto asset exchanges and trading desks, certified public accountants and accounting firms, funds and financial auditors, fund administrators, miners, protocols, individuals, and any other businesses interacting with crypto assets.
7. According to ROOTDATA investment and financing data on 07-31, jokerace completed a $3 million financing round, with investors including Maven11 and ABCDE Capital. Jokerace is an on-chain reputation governance platform designed to address governance-related issues, using on-chain reputation to assess who should have more say in the governance process, allowing projects to initiate competitions and hackathons, issue grants, and provide incentives to on-chain community members.