Investment and Financing Overview

According to incomplete statistics, there were 32 financing events in the global blockchain market from 01.29 to 02.04 last week, with a total financing scale of US$119 million. Compared with last week, the number of financings decreased by 4, and the financing size increased by 29%.

Judging from the number of financing events, DeFi and infrastructure financing were the most active last week. There were 14 cases in the DeFi track and 9 cases in the infrastructure track.

Judging from the financing scale of disclosed amount events, the DeFi track is the highest, with a total financing scale of US$58.4 million.

DeFi

NAVI Protocol

Navi is a one-stop liquidity protocol native to Sui. It enables users to participate in the Sui ecosystem as a liquidity provider or borrower. Liquidity providers provide assets to the market and earn passive income through yields, while borrowers have the flexibility to obtain loans across different assets. Navi focuses on providing essential DeFi infrastructure and aims to become a key player in the rapidly growing DeFi world within the Sui ecosystem. The protocol’s innovative features, such as automated leveraged vaults and segregated modes, enable users to leverage their assets and leverage them with minimal Risk to gain new trading opportunities. NAVI is designed to provide support for digital assets of different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.

According to DeFiLama, NAVI currently ranks second in TVL in the SUI ecosystem and is the leading ecological project, with a total lending market size of more than US$110 million.

Portal Network

Portal is a DeFi project built on Bitcoin that conducts anonymous, zero-knowledge transactions through cross-chain DEX. It eliminates the risk of minting wrapped tokens (i.e. wBTC, wETH) or doing so with intermediaries. Portal introduces trustless, bridgeless and wrapperless cross-chain atomic swaps, allowing developers to seamlessly integrate the SDK into their chain or dApp.

Squid

Squid is a cross-chain trading and liquidity routing protocol on the Axelar Network. Squid leverages existing DEXs to trade and send any native token between chains. Transactions can be combined with Axelar’s ​​universal messaging, so Squid can enable one-click transactions between any application and any user using any asset.

Velar

Velar is a DeFi protocol with Bitcoin finality designed to unlock Bitcoin’s true potential by building a suite of sophisticated DeFi products on top of it. Velar V1, codenamed “Dharma,” includes an automated liquidity protocol based on a “constant product formula.” The protocol is inspired by Uniswap v2 and written in Clarity language on Stacks L2. The Dharma mainnet also provides users with liquidity mining and staking options to maximize their returns, as well as an IDO launch platform to facilitate the issuance of tokens on the Stacks platform.

Infrastructure

TProtocol

TProtocol is a DeFi native protocol using T-Bill as the underlying asset, providing composable DeFi-on-chain T-Bill tokens to meet the needs of risk-free real returns in the DeFi ecosystem. TProtocol offers permissionless, interest-bearing tokens backed by reverse repos and treasury bonds with shorter maturities, typically 1 to 3 months after maturity. The redemption price of this treasury token will increase over time as interest on the underlying asset is added to the token.

TProtocol previously released an event on TaskOn. One of the event tasks was to conduct on-chain activities. After that, TProtocol cooperated with a number of DeFi projects. If you want to experience the project in depth, you can use USTP and ecological projects.

Clusters

Clusters is a multi-chain domain name service designed to solve problems such as address fragmentation, wallet management complexity and domain name preemption. It is launched by Delegate in partnership with cross-chain interoperability protocol LayerZero.

Gevulot

Gevulot is a permissionless and programmable layer 1 blockchain for deploying zero-knowledge provers and validators as on-chain programs. It is designed specifically for applications requiring cheap and fast verification generation with high liveness guarantees. For provers, Gevulot aggregates proof workloads from many different applications, maximizing hardware utilization and financial returns.

GameFi

Pixelmon

Pixelmon is an open world RPG NFT game. Users can train, trade, battle, and evolve Pixelmon through the Metaverse.

Forgotten Playland

Forgotten Playland redefines social party gaming with a series of mini-games including Bump-A-Ball and Jungle Rumble. The Social Hub, where Qi quit, is a dynamic, interactive place where players can hang out and socialize in-game.

SocialFi

SoulLand

SoulLand is a gamified social subscription platform that solves the sinking information and social needs of Web3 by introducing gamified elements. It allows users to obtain first-hand information from KOLs through social interaction while participating in game battles, staking and other gameplay to earn token rewards, and then Get a fun learning experience with profitable goals.

Others

Hivello

Hivello is a decentralized physical infrastructure network that enables users to install applications on physical devices such as computers, routers, modems, and storage nodes. Hivello supports various DePIN protocols using the user’s computer’s free resources, which can include spare storage space, internet bandwidth, or computing tasks using the CPU. By contributing resources, users can start mining Web3 applications’ DePIN (Decentralized Physical Infrastructure Network) protocol without any technical expertise.