This week, a total of 23 blockchain startups raised funds, with a total amount of 637.9 million USD.
The largest financing this week
IREN (formerly known as Iris Energy) raised $450 million in a private funding round, with the investors undisclosed.
Iris Energy (IREN) is a leading next-generation data center company that powers Bitcoin mining, artificial intelligence, and other operations using 100% renewable energy. The company is headquartered in Australia and aims to increase its computing power to 30 EH/s and expand its data center capacity to 510 megawatts by 2025, with plans for further expansion and energy monetization activities.
Pre-Seed and Seed Stage Financing Rounds
Yupp raised $33 million in a seed round funding, with investors including Andreessen Horowitz (a16z crypto)*, Coinbase Ventures, Kunal Shah, and Gokul Rajaram.
Yupp is a consumer-oriented AI model discovery and evaluation platform that allows users to explore and compare the latest AI models for free. It employs a crowdsourcing approach for model evaluation: users submit prompts, compare multiple AI-generated responses, and select the best one. This digitally signed preference data will be used for the further training and evaluation of AI.
Noah raised $22 million in a seed funding round, with investors including LocalGlobe*, Felix Capital, FJ Labs, Joe Lonsdale, and David Helgason.
Noah is a stablecoin-based cross-border payment platform and crypto wallet for businesses and individual users. It supports global transactions in more than 120 local currencies, Bitcoin, and stablecoins, with enterprise-grade compliance and real-time settlement. Noah offers a unified payment API (covering cards, bank transfers, mobile payments), KYC/AML tools, fast liquidity solutions, and a hosted checkout experience. It has partnered with Circle to integrate USDC, enabling seamless processing of payroll, remittances, and corporate payments across decentralized and traditional financial systems.
Silhouette raised $3 million in a Pre-Seed financing round, with investors including RockawayX*, Amber Group, Hivemind, No Limit Holdings (NLH), Protagonist, NGC Ventures, and Echo.
Silhouette is a privacy-focused decentralized trading protocol that integrates with the Hyperliquid ecosystem. It achieves confidential execution of various order types (such as swaps, inquiries, and auctions) through a Trusted Execution Environment (TEE), protecting users from frontrunning and MEV attacks. The protocol inherits the native performance and liquidity of Hyperliquid while introducing a cryptographic execution layer to ensure the anonymity of traders and the integrity of execution.
NuConstruct raised $6 million in a seed funding round, with investors including Cyber Fund*, Maven 11 Capital, Greenfield Capital, Digital Currency Group (DCG), and Eden Block.
NuConstruct is a cryptocurrency infrastructure company that provides a trustless on-chain order flow execution layer, serving users, traders, dApps, and enterprises. The company is building a middleware solution called TOOL (Trustless Order Flow Operation Layer) that utilizes TEE technology supporting Intel TDX to divide each 12-second Ethereum block into one-second mini rounds, enabling sealed-bid auctions and providing ultra-fast, private, and frontrunning-resistant transaction execution.
Orange Cap Games (Vibes) raised $3.5 million in a seed round funding, with investors including 1kx*, Yuga Labs*, Bing Ventures, and Infinity Ventures Crypto (IVC).
Vibes is a trading card game developed by Orange Cap Games that integrates digital and physical elements, centered around the Pudgy Penguins IP. It combines physical collectibles with digital gameplay, providing a unique experience for card enthusiasts. Players can collect, trade, and interact with cards across physical and digital platforms, creating an immersive gaming environment that blends traditional and modern elements.
Other Financing Rounds
Hyperion has secured an undisclosed amount in a round of strategic financing, with investors including OKX Ventures (formerly OKEx Blockdream Ventures)*, Aptos Labs, Maelstrom, and Mirana Ventures.
Hyperion is a full-chain hybrid order book and automated market maker (Orderbook-AMM) decentralized exchange (DEX) built on the Aptos network, featuring high throughput and low latency, providing a smooth trading experience for both professional and retail traders, and aiming to become the core trading engine on Aptos, offering competitive liquidity and advanced market infrastructure.
Stable has secured an undisclosed amount in a round of financing, with investor Gabriel Abed.
Stable is the first layer blockchain designed specifically for native applications of stablecoins, using USDT (Tether) as the Gas token. It supports zero-fee peer-to-peer USDT transfers and allows for the direct operation of stablecoin smart contracts. Through the USDT0 mechanism, it enables USDT cross-chain transfers without the need for cross-chain bridges. The platform also supports gas-free usage, built-in fiat entry, and enterprise-level throughput, focusing on cross-border payments, fund management, foreign exchange, and institutional-level scenarios.
Hey Anon raised $144,000 in a funding round from Sonic Innovator Fund.
Hey Anon is an on-chain AI-driven DeFi assistant that simplifies complex DeFi processes through natural language conversations. Users can bridge, swap, stake, and lend across chains while obtaining real-time information on project dynamics, prices, and community sentiment. It integrates data from Twitter, Telegram, Discord, GitHub, and Gitbook to build actionable smart analytics. Leveraging the high-speed features of the Sonic ecosystem, Hey Anon provides real-time execution and an AI-assisted trading interface (HUD).
World of Dypians has secured an undisclosed amount in a funding round, with Castrum Capital as the investor.
World of Dypians is a blockchain-driven metaverse platform that offers immersive virtual experiences, allowing users to explore, interact, and earn rewards. The platform integrates DeFi and NFT elements, enabling players to own assets, trade, and participate in governance, supporting various Play-to-Earn mechanics and promoting community-driven ecosystem development.
Soon (Solana Optimistic Network) raised $5 million in a round of funding, with investors including Jump Crypto and Amber Group.
SOON leverages the Solana Virtual Machine (SVM) and Sealevel to improve network performance and security. A decoupled architecture built through Anza's SVM API separates the Transaction Processing Unit (TPU) from the Proof of History (POH), reducing data waste and eliminating redundant voting transactions. The SOON Stack can be deployed on any Layer 1 blockchain using ZK fraud proofs, while supporting configurable data availability (DA) options such as EigenDA, Avail, Celestia, and more.
Privy was acquired by Stripe in a round of merger financing, the amount has not been disclosed.
Privy is a wallet infrastructure platform designed to seamlessly integrate cryptocurrency features into various applications. Developers can create and manage self-custodied wallets, execute on-chain transactions, and enable blockchain functionalities through a single API. It supports multiple authentication methods such as email, SMS, and social accounts to enhance user onboarding experience. It is compatible with multiple blockchain networks (such as EVM and Solana) and offers features like Gas sponsorship and portable accounts.
OneBalance raised $20 million in its Series A funding round, with investors including Cyber Fund*, Blockchain Capital*, Mirana Ventures, and L2 Iterative Ventures (L2IV).
OneBalance is a framework for creating and managing "Credible Accounts." This is a type of extension that can be applied to existing account types (external accounts, smart accounts, stateful accounts) to achieve credible commitments without the need for global consensus.
TYB (Try Your Best) raised $11 million in a Series A funding round from investors including Offline Ventures, Strobe Ventures (formerly BlockTower Capital), Coinbase Ventures, Castle Island Ventures, and Unusual Ventures.
TYB is a Web3 native community rewards platform built on Avalanche, helping consumer brands (covering beauty, fitness, food, lifestyle, etc.) issue brand NFTs and reward tokens. Fans earn rewards through user-generated content, social sharing, product feedback, and other interactive behaviors, redeeming them for discounts, exclusive rights, and benefits. Integrated with Shopify, TYB supports a token-gated loyalty program that requires no wallet or cryptocurrency knowledge.
OpenTrade raised $7 million in a funding round, with investors including Notion Capital*, Mercury Fund*, AlbionVC, Andreessen Horowitz (a16z crypto), and CMCC Global.
OpenTrade is a DeFi protocol platform that provides institutional-level lending and yield products for fintech and institutional investors, supporting the integration of Web2 and Web3 ecosystems. The platform integrates technical infrastructure with a compliance operation framework, supporting liquidity pools for assets such as U.S. Treasury bonds and investment-grade commercial paper, operating on Ethereum and Polygon to achieve compliant tokenized fixed-income products.
Hypernative raised $40 million in its Series B funding round, with investors including Ten Eleven Ventures*, Ballistic Ventures*, StepStone Group, Boldstart Ventures, IBI Tech Fund, and Quantstamp.
Hypernative is a Web3 security platform that provides real-time monitoring and risk management tools to protect blockchain projects from potential threats. By analyzing on-chain and off-chain data using AI and machine learning, it detects over 200 types of risks (including smart contract vulnerabilities, bridging security flaws, and market manipulation behaviors), helping developers and organizations take defensive measures before risks escalate.
MoonGate has been acquired by Humanity Protocol in a round of merger and acquisition financing, with the amount undisclosed.
MoonGate is an integration platform that assists brands and event organizers in enhancing community interaction through NFT tickets and membership systems. Its features include ticket issuance, membership programs, benefits activities, and customer data analysis, simplifying the user interaction process before, during, and after events, enhancing brand loyalty, and improving user experience through seamless integration of blockchain and Web2.
Football Fun has secured an undisclosed amount in a round of financing, with the investor being 6th Man Ventures (6MV).
Football.Fun is a Web3 fantasy football platform where player cards are traded like Meme coins. Users can open card packs to build their roster, participate in competitions, and trade card shares through a dynamic AMM market. The platform supports free experiences, invitation-based testing, and airdrop incentives.
Mixie has been acquired by Zelgor Games in a round of merger financing, with the amount undisclosed.
Mixie is a Web3 native, AI-driven game creation and launching platform that provides no-code tools for beginners and experienced developers to create immersive experiences ranging from casual games to 3D worlds. Its features include generative AI asset creation, procedural storytelling, token incentives (including staking and Meme coins), and NFT airdrops, dedicated to democratizing game development.
Turnkey raised $30 million in Series B funding, with investors including Bain Capital Crypto*, Sequoia Capital, Lightspeed Faction, Galaxy Digital, Variant Fund, and Wintermute Ventures.
Turnkey provides a simple API for secure management of private keys. Users can generate hundreds of wallets, sign thousands of cross-chain transactions, and support flexible programmable permissions to ensure that only authorized transactions are signed.
Rise Labs raised $4 million in a round of strategic financing, with Galaxy Digital as the investor.
RISE is a second layer platform aimed at achieving a blockchain scalability vision of over 100,000 transactions per second while maintaining the decentralization and security of Ethereum. Its architecture is built using Rust and supports parallel EVM execution, surpassing current Layer 2 solutions and unlocking new possibilities for blockchain applications.
Plasma has not disclosed the amount raised in a round of public financing.
Plasma is a high-throughput, zero-fee payment platform built on Bitcoin, supporting over 1000 USD₮ transactions per second. Its innovative use of the Nakamoto PoS consensus mechanism and a hybrid UTXO/account architecture allows developers to build modular smart contracts, enhancing the utility of Bitcoin in payments and decentralized applications.
Towns Protocol raised 3.3 million USD in a round of public financing.
Towns is a decentralized communication protocol and application that helps communities build, own, and govern digital "squares." Based on Ethereum smart contracts, the platform provides end-to-end encrypted messaging, decentralized storage (through distributed flow nodes), and programmable space, supporting access control, monetization, and governance. Communities can sell group chat access rights, control data ownership, and establish an immutable on-chain membership system.
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23 projects raised $637.9 million, IREN received $450 million in investment.
Sorting: Golden Finance
This week, a total of 23 blockchain startups raised funds, with a total amount of 637.9 million USD.
The largest financing this week
IREN (formerly known as Iris Energy) raised $450 million in a private funding round, with the investors undisclosed.
Iris Energy (IREN) is a leading next-generation data center company that powers Bitcoin mining, artificial intelligence, and other operations using 100% renewable energy. The company is headquartered in Australia and aims to increase its computing power to 30 EH/s and expand its data center capacity to 510 megawatts by 2025, with plans for further expansion and energy monetization activities.
Pre-Seed and Seed Stage Financing Rounds
Yupp raised $33 million in a seed round funding, with investors including Andreessen Horowitz (a16z crypto)*, Coinbase Ventures, Kunal Shah, and Gokul Rajaram.
Yupp is a consumer-oriented AI model discovery and evaluation platform that allows users to explore and compare the latest AI models for free. It employs a crowdsourcing approach for model evaluation: users submit prompts, compare multiple AI-generated responses, and select the best one. This digitally signed preference data will be used for the further training and evaluation of AI.
Noah raised $22 million in a seed funding round, with investors including LocalGlobe*, Felix Capital, FJ Labs, Joe Lonsdale, and David Helgason.
Noah is a stablecoin-based cross-border payment platform and crypto wallet for businesses and individual users. It supports global transactions in more than 120 local currencies, Bitcoin, and stablecoins, with enterprise-grade compliance and real-time settlement. Noah offers a unified payment API (covering cards, bank transfers, mobile payments), KYC/AML tools, fast liquidity solutions, and a hosted checkout experience. It has partnered with Circle to integrate USDC, enabling seamless processing of payroll, remittances, and corporate payments across decentralized and traditional financial systems.
Silhouette raised $3 million in a Pre-Seed financing round, with investors including RockawayX*, Amber Group, Hivemind, No Limit Holdings (NLH), Protagonist, NGC Ventures, and Echo.
Silhouette is a privacy-focused decentralized trading protocol that integrates with the Hyperliquid ecosystem. It achieves confidential execution of various order types (such as swaps, inquiries, and auctions) through a Trusted Execution Environment (TEE), protecting users from frontrunning and MEV attacks. The protocol inherits the native performance and liquidity of Hyperliquid while introducing a cryptographic execution layer to ensure the anonymity of traders and the integrity of execution.
NuConstruct raised $6 million in a seed funding round, with investors including Cyber Fund*, Maven 11 Capital, Greenfield Capital, Digital Currency Group (DCG), and Eden Block.
NuConstruct is a cryptocurrency infrastructure company that provides a trustless on-chain order flow execution layer, serving users, traders, dApps, and enterprises. The company is building a middleware solution called TOOL (Trustless Order Flow Operation Layer) that utilizes TEE technology supporting Intel TDX to divide each 12-second Ethereum block into one-second mini rounds, enabling sealed-bid auctions and providing ultra-fast, private, and frontrunning-resistant transaction execution.
Orange Cap Games (Vibes) raised $3.5 million in a seed round funding, with investors including 1kx*, Yuga Labs*, Bing Ventures, and Infinity Ventures Crypto (IVC).
Vibes is a trading card game developed by Orange Cap Games that integrates digital and physical elements, centered around the Pudgy Penguins IP. It combines physical collectibles with digital gameplay, providing a unique experience for card enthusiasts. Players can collect, trade, and interact with cards across physical and digital platforms, creating an immersive gaming environment that blends traditional and modern elements.
Other Financing Rounds
Hyperion has secured an undisclosed amount in a round of strategic financing, with investors including OKX Ventures (formerly OKEx Blockdream Ventures)*, Aptos Labs, Maelstrom, and Mirana Ventures. Hyperion is a full-chain hybrid order book and automated market maker (Orderbook-AMM) decentralized exchange (DEX) built on the Aptos network, featuring high throughput and low latency, providing a smooth trading experience for both professional and retail traders, and aiming to become the core trading engine on Aptos, offering competitive liquidity and advanced market infrastructure.
Stable has secured an undisclosed amount in a round of financing, with investor Gabriel Abed. Stable is the first layer blockchain designed specifically for native applications of stablecoins, using USDT (Tether) as the Gas token. It supports zero-fee peer-to-peer USDT transfers and allows for the direct operation of stablecoin smart contracts. Through the USDT0 mechanism, it enables USDT cross-chain transfers without the need for cross-chain bridges. The platform also supports gas-free usage, built-in fiat entry, and enterprise-level throughput, focusing on cross-border payments, fund management, foreign exchange, and institutional-level scenarios.
Hey Anon raised $144,000 in a funding round from Sonic Innovator Fund. Hey Anon is an on-chain AI-driven DeFi assistant that simplifies complex DeFi processes through natural language conversations. Users can bridge, swap, stake, and lend across chains while obtaining real-time information on project dynamics, prices, and community sentiment. It integrates data from Twitter, Telegram, Discord, GitHub, and Gitbook to build actionable smart analytics. Leveraging the high-speed features of the Sonic ecosystem, Hey Anon provides real-time execution and an AI-assisted trading interface (HUD).
World of Dypians has secured an undisclosed amount in a funding round, with Castrum Capital as the investor. World of Dypians is a blockchain-driven metaverse platform that offers immersive virtual experiences, allowing users to explore, interact, and earn rewards. The platform integrates DeFi and NFT elements, enabling players to own assets, trade, and participate in governance, supporting various Play-to-Earn mechanics and promoting community-driven ecosystem development.
Soon (Solana Optimistic Network) raised $5 million in a round of funding, with investors including Jump Crypto and Amber Group. SOON leverages the Solana Virtual Machine (SVM) and Sealevel to improve network performance and security. A decoupled architecture built through Anza's SVM API separates the Transaction Processing Unit (TPU) from the Proof of History (POH), reducing data waste and eliminating redundant voting transactions. The SOON Stack can be deployed on any Layer 1 blockchain using ZK fraud proofs, while supporting configurable data availability (DA) options such as EigenDA, Avail, Celestia, and more.
Privy was acquired by Stripe in a round of merger financing, the amount has not been disclosed. Privy is a wallet infrastructure platform designed to seamlessly integrate cryptocurrency features into various applications. Developers can create and manage self-custodied wallets, execute on-chain transactions, and enable blockchain functionalities through a single API. It supports multiple authentication methods such as email, SMS, and social accounts to enhance user onboarding experience. It is compatible with multiple blockchain networks (such as EVM and Solana) and offers features like Gas sponsorship and portable accounts.
OneBalance raised $20 million in its Series A funding round, with investors including Cyber Fund*, Blockchain Capital*, Mirana Ventures, and L2 Iterative Ventures (L2IV). OneBalance is a framework for creating and managing "Credible Accounts." This is a type of extension that can be applied to existing account types (external accounts, smart accounts, stateful accounts) to achieve credible commitments without the need for global consensus.
TYB (Try Your Best) raised $11 million in a Series A funding round from investors including Offline Ventures, Strobe Ventures (formerly BlockTower Capital), Coinbase Ventures, Castle Island Ventures, and Unusual Ventures.
TYB is a Web3 native community rewards platform built on Avalanche, helping consumer brands (covering beauty, fitness, food, lifestyle, etc.) issue brand NFTs and reward tokens. Fans earn rewards through user-generated content, social sharing, product feedback, and other interactive behaviors, redeeming them for discounts, exclusive rights, and benefits. Integrated with Shopify, TYB supports a token-gated loyalty program that requires no wallet or cryptocurrency knowledge.
OpenTrade raised $7 million in a funding round, with investors including Notion Capital*, Mercury Fund*, AlbionVC, Andreessen Horowitz (a16z crypto), and CMCC Global. OpenTrade is a DeFi protocol platform that provides institutional-level lending and yield products for fintech and institutional investors, supporting the integration of Web2 and Web3 ecosystems. The platform integrates technical infrastructure with a compliance operation framework, supporting liquidity pools for assets such as U.S. Treasury bonds and investment-grade commercial paper, operating on Ethereum and Polygon to achieve compliant tokenized fixed-income products.
Hypernative raised $40 million in its Series B funding round, with investors including Ten Eleven Ventures*, Ballistic Ventures*, StepStone Group, Boldstart Ventures, IBI Tech Fund, and Quantstamp. Hypernative is a Web3 security platform that provides real-time monitoring and risk management tools to protect blockchain projects from potential threats. By analyzing on-chain and off-chain data using AI and machine learning, it detects over 200 types of risks (including smart contract vulnerabilities, bridging security flaws, and market manipulation behaviors), helping developers and organizations take defensive measures before risks escalate.
MoonGate has been acquired by Humanity Protocol in a round of merger and acquisition financing, with the amount undisclosed. MoonGate is an integration platform that assists brands and event organizers in enhancing community interaction through NFT tickets and membership systems. Its features include ticket issuance, membership programs, benefits activities, and customer data analysis, simplifying the user interaction process before, during, and after events, enhancing brand loyalty, and improving user experience through seamless integration of blockchain and Web2.
Football Fun has secured an undisclosed amount in a round of financing, with the investor being 6th Man Ventures (6MV). Football.Fun is a Web3 fantasy football platform where player cards are traded like Meme coins. Users can open card packs to build their roster, participate in competitions, and trade card shares through a dynamic AMM market. The platform supports free experiences, invitation-based testing, and airdrop incentives.
Mixie has been acquired by Zelgor Games in a round of merger financing, with the amount undisclosed. Mixie is a Web3 native, AI-driven game creation and launching platform that provides no-code tools for beginners and experienced developers to create immersive experiences ranging from casual games to 3D worlds. Its features include generative AI asset creation, procedural storytelling, token incentives (including staking and Meme coins), and NFT airdrops, dedicated to democratizing game development.
Turnkey raised $30 million in Series B funding, with investors including Bain Capital Crypto*, Sequoia Capital, Lightspeed Faction, Galaxy Digital, Variant Fund, and Wintermute Ventures. Turnkey provides a simple API for secure management of private keys. Users can generate hundreds of wallets, sign thousands of cross-chain transactions, and support flexible programmable permissions to ensure that only authorized transactions are signed.
Rise Labs raised $4 million in a round of strategic financing, with Galaxy Digital as the investor. RISE is a second layer platform aimed at achieving a blockchain scalability vision of over 100,000 transactions per second while maintaining the decentralization and security of Ethereum. Its architecture is built using Rust and supports parallel EVM execution, surpassing current Layer 2 solutions and unlocking new possibilities for blockchain applications.
Plasma has not disclosed the amount raised in a round of public financing. Plasma is a high-throughput, zero-fee payment platform built on Bitcoin, supporting over 1000 USD₮ transactions per second. Its innovative use of the Nakamoto PoS consensus mechanism and a hybrid UTXO/account architecture allows developers to build modular smart contracts, enhancing the utility of Bitcoin in payments and decentralized applications.
Towns Protocol raised 3.3 million USD in a round of public financing. Towns is a decentralized communication protocol and application that helps communities build, own, and govern digital "squares." Based on Ethereum smart contracts, the platform provides end-to-end encrypted messaging, decentralized storage (through distributed flow nodes), and programmable space, supporting access control, monetization, and governance. Communities can sell group chat access rights, control data ownership, and establish an immutable on-chain membership system.