The crypto wallet Phantom completed a $150 million Series C funding round with a valuation of $3 billion, led by Sequoia Capital and Paradigm; crypto custodian Komainu secured $75 million in Bitcoin financing, with Blockstream CEO joining its board; Chainalysis spent over $100 million to acquire AI security startup Alterya.

In 2024, a total financing amount of $10.112 billion was completed, an increase of 8.3% compared to 2023. Throughout the year, there were 1,548 financing events, and the number of merger and acquisition events reached 102, setting a historical high. Infrastructure, Layer 1/2, and DeFi remain the hottest sectors in blockchain, while the click rates for tags like artificial intelligence and DeSci have risen rapidly. DePIN, RWA, AI, and consumer-grade Infra will be the key focus areas for industry development in 2025.

Liquidity aggregator Ooga Booga completes $1.5 million strategic round financing, led by Primal; on-chain gaming ecosystem SEED has received investment from the Sui Foundation; Solayer announces acquisition of blockchain analytics company Fuzzland.

Binance Labs announces investment in THENA; sources say FalconX is in talks to acquire crypto derivatives startup Arbelos; Bitcoin technology company JAN3 completes $5 million seed round financing, led by Fulgur Ventures.

Cryptographic AI startup Fraction AI has completed a $6 million pre-seed funding round, led by Spartan and Symbolic; DePIN project DAWN has secured $2.5 million in funding, with participation from VanEck Ventures; gamified social trading platform XYRO has raised $1.4 million in a private placement round, led by Animoca Brands.

Avalanche completes $250 million financing, with participation from Galaxy Digital; stablecoin payment platform KAST completes $10 million seed round financing, led by Peak XV and HongShan; crypto AI startup Exabits completes $15 million seed round financing, led by Hack VC.

Web3 artificial intelligence agency Earos has completed a $10 million Pre-Seed funding round, led by Lemon Ltd.; DeFi project DeFi.app has completed a $2 million seed round, led by Mechanism Capital; AI company Sekai, based on Story Protocol, has completed a $3.1 million seed round, led by Hashed.

Cryptocurrency yield protocol developer Avant has completed a $6.5 million seed round financing, with participation from Superlayer; Web3 game studio Qooverse has completed a pre-seed round financing, led by Paper Ventures; Bleap has completed a $2.3 million pre-seed round financing, led by Ethereal Ventures.

Move ecological development platform Shinami has completed a $5.645 million seed round financing, led by Race Capital; staking protocol developer Alluvial has completed $4.3 million in strategic financing, led by Variant; decentralized gaming player network KGeN has completed $10 million in financing, led by Aptos Labs.

Brazilian blockchain startup Multiledgers has completed a $1 million funding round, led by Oxygea Ventures and Indicator Capital; cryptocurrency betting platform BetHog has completed a $6 million seed funding round, led by 6MV.

Bitcoin L2 interoperability layer Map Protocol completes $1 million strategic financing, with participation from Gryps; Binance Labs announces investment in BIO Protocol; On-chain identity system Phi completes a new round of strategic financing, led by Neoclassic Capital.