Data: In October, the cryptocurrency market financing was approximately $1.954 billion, a month-on-month increase of 83.5%, with Kalshi accounting for over 50% of a single transaction
According to RootData statistics, there were a total of 53 financing events disclosed in the crypto primary market in October, with a total disclosed financing amount of approximately 1.954 billion USD, an increase of 83.5% compared to 1.065 billion USD in September, and a decrease of 45.3% compared to 3.573 billion USD in October last year; the number of financing events increased by 12.8% compared to 47 events in September, and decreased by 32.1% compared to 78 events in the same period last year.From the perspective of sector distribution, DeFi and infrastructure each completed 17 financing events, with disclosed amounts of approximately 1.157 billion USD and 348 million USD, respectively; CeFi completed 9 financing events with a disclosed amount of approximately 343 million USD. Prediction markets, AI infrastructure, payment, and institutional financial services are the main directions for large financing this month.The top three projects by financing amount are Kalshi (1 billion USD), Whop (200 million USD), and Pearl (130 million USD), while Nous Research and Spiko disclosed financing of 90 million USD each. The top five projects accounted for approximately 1.510 billion USD, representing 77.3% of the total disclosed financing for the month, with Kalshi alone accounting for about 51.2%.In terms of RWA, according to project tags, there were 6 RWA-related projects that disclosed financing this month, totaling approximately 12.2 million USD, accounting for 11.3% of the month's financing events and 6.3% of the disclosed amount. Among them, Spiko completed a 90 million USD Series B financing, while Fission and Multiliquid disclosed financing of 10 million USD and 8 million USD, respectively.In terms of mergers and acquisitions, there were 11 recorded M&A events this month, the same as in September, with transaction amounts undisclosed, including projects such as BTCBOX, Zodia Custody, Zeal, and Z.com EX.Regarding investment institutions, Tether participated in 4 financing events, while Sequoia Capital, Pantera Capital, and North Island Ventures each participated in 3 events, with Blockchain Capital, Coinbase Ventures, and others also making multiple investments.