OKX Ventures

The full-chain liquidity asset protocol StakeStone has completed a $22 million financing round, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures

ChainCatcher news, according to Bitcoin.com, the full-chain liquidity asset protocol StakeStone announced the completion of a $22 million financing round led by Polychain Capital. This financing also includes strategic investments from Binance Labs and OKX Ventures, with the seed round led by SevenX and participation from Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO5, Symbolic Capital, Arcane Group, Quantstamp, and others. This financing will drive StakeStone to achieve accelerated growth while expanding its product services and strengthening its influence in key markets.StakeStone is committed to building the first liquidity ETH/BTC asset standard based on a highly scalable staking network, which supports a risk-free consensus layer for various native assets. With the support of this financing round, StakeStone has also launched its liquidity BTC products, including liquidity index BTC ------ SBTC and interest-bearing liquidity BTC ------ STONEBTC, to enhance the application of native BTC in the EVM ecosystem and other blockchain networks. StakeStone aims to drive real applications by providing high-utilization liquidity, empowering ecosystem partners and DeFi protocols such as Berachain, Movement Labs, Monad, Plume Network, Corn, Pendle, and AAVE DAO.StakeStone will also launch payment products, providing flexible savings account features based on its interest-bearing liquidity ETH asset STONE, while offering a "buy now, pay later" (BNPL) option to bring greater transaction flexibility to users. Leveraging the real-time processing capabilities of MegaETH, this product aims to establish a sustainable model that drives real-world applications and supports large-scale adoption."We are very happy to collaborate with the world's leading crypto funds to build a new generation of full-chain liquidity infrastructure," said Charles K, co-founder of StakeStone. "Their expertise and support are crucial for our ongoing innovation and the global adoption of our products. At the same time, through this financing, we are committed to bringing decentralized finance into the real world. Together with the next generation of high-performance blockchain networks, we aim to increase the number of users served from hundreds of thousands to tens of millions or even hundreds of millions through RWAFi and PayFi, pushing the crypto industry into the era of super applications."

RootData: The total number of financing events in Q3 2024 reached 321, with a total financing amount of 2.406 billion USD

ChainCatcher message, based on the data from the Web3 asset data platform RootData's Q3 2024 Web3 industry investment research report, the key points are as follows:In Q3 2024, the total number of financing events reached 321, a decrease of 25.69% compared to the previous quarter, with a total financing amount of $2.406 billion, down 15.04% quarter-on-quarter;The top three sectors by financing amount in Q3 are infrastructure, others, and DeFi. The infrastructure sector had a total financing amount of $745 million, accounting for 30.9% of the total financing;The project with the highest financing amount in Q3 2024 is the Bitcoin mining company Iris Energy, which raised $413 million. It is followed by the Bitcoin mining company Stronghold, which secured $175 million through acquisitions. The third is the modular blockchain network Celestia, which completed $100 million in OTC financing at a valuation of $3.5 billion;In terms of financing amount ranges, there were 137 early-stage investment projects (under $5M) in Q3, a decrease of 14.4%; 55 mid-stage investment projects ($5M-$10M), down 30.4%. There were 43 large-scale investment projects (over $10M), a decrease of 35.8%;In Q3 2024, 12 investment institutions that made more than 10 investments participated in a total of 160 investments. Robot Ventures topped the list with 22 investments, with its investment projects tagged as infrastructure and DeFi. Following closely are Binance Labs and OKX Ventures, each participating in 16 investments. These two leading exchanges were relatively active in GamFi-related projects, participating 5 and 6 times, respectively;Unlike market skepticism towards the Ethereum ecosystem, it remains the most recognized infra by investors and developers, with a total of 67 financing events in Q3, amounting to $481 million. With the onset of the interest rate cut cycle, lower capital usage costs may drive on-chain prosperity, aiding the recovery and innovation of the DeFi sector, while Ethereum's leadership position in this sector will continue to benefit it.
ChainCatcher Building the Web3 world with innovators