Encryption Sector Investment and Financing Weekly Report: Multiple Tracks Secured Funding, Bitcoin Mining Rig Manufacturers Completed Large Financing

Last week (April 14-20), there were a total of 14 investment and financing events in the global blockchain sector, with a total scale exceeding 286 million USD, showing a significant increase compared to the previous week. The main investment directions include multiple tracks such as DeFi, DePIN, Web3+AI, infrastructure, and tools.

DeFi Field

The DeFi protocol Resolv has completed a $10 million seed round financing, led by two investment institutions with participation from several well-known organizations. Resolv focuses on the yield-bearing stablecoin USR, utilizing a Delta-neutral strategy layered structure. Currently, the protocol's TVL is $450 million, and the new funds will be used to expand BTC-related strategies and multi-chain deployment.

Another DeFi protocol, Neutrl, has completed a $5 million seed round of financing. Neutrl has launched the stablecoin NUSD, which allows users to purchase locked altcoins at a discount through the OTC market and hedge with perpetual contracts to achieve hedged returns. This strategy aims to popularize hedge fund-level arbitrage methods among retail investors.

The encryption investment platform Glider has raised $4 million in funding, aiming to combine AI and DeFi to provide users with automated, non-custodial personalized crypto asset allocation solutions.

The decentralized trading platform Hyperion has completed a new round of strategic financing, which will accelerate the development of its core products, including optimizing the CLMM centralized liquidity market maker and the strategy management tool VAULT.

Treehouse Finance, focused on DeFi fixed income, has completed a new round of financing with a valuation of $400 million. Treehouse is committed to creating a decentralized benchmark interest rate DOR and yield-bearing assets tAssets, aiming to connect with the traditional $600 billion fixed income market.

DePIN and the Web3+AI Track

The DePIN project Solix has received $29.5 million in funding from a certain foundation to accelerate the development of its Model Context Protocol (MCP) technology. Solix DePIN is a decentralized physical infrastructure network that allows users to share and monetize their excess bandwidth.

The decentralized AI platform ORO AI has completed a $6 million seed round of financing. ORO utilizes blockchain technology to facilitate secure and permissioned data sharing, enabling AI developers to train models on quality datasets while protecting data privacy.

Infrastructure and Tools

A well-known investment institution has announced a new investment of $55 million in the cross-chain messaging protocol LayerZero, for the purchase of ZRO coins, with a 3-year lock-up period.

The infrastructure project Optimum has completed a $11 million seed round financing. Optimum is committed to building a decentralized high-performance memory infrastructure for blockchain, launching a high-performance node communication layer OptimumP2P and a decentralized memory product DeRAM based on the random linear network coding (RLNC) technology.

Hana Network, focused on "ultra-casual finance", has completed a financing of 6 million USD. Hana Network will launch Hana Gateway in January 2024, a trustless crypto asset on-and-off ramp, currently focusing on developing "ultra-casual finance".

The blockchain-based data verification platform Rekord AG has completed a seed round financing of approximately $5.51 million. Rekord AG focuses on blockchain-supported data verification and integrity solutions.

The Meme-centered application development team Embr Labs has completed a $1.8 million Pre-seed round of financing. Embr Labs has developed Embr.fun, which is an application chain centered around Meme, integrating gamified experiences.

Encryption Mining Company

American Bitcoin mining rig manufacturer Auradine has completed $153 million in Series C financing, of which $138 million is equity financing and $15 million is venture debt. Auradine plans to expand its core mining rig business and establish a new AI infrastructure division, AuraLinks AI, currently generating annual revenue of $150 million.

Venture Capital Fund

According to reports, Galaxy Ventures Fund I LP has exceeded its fundraising goal of $150 million and will build a portfolio of approximately 30 investments. This fund focuses on investing in early-stage startups, particularly in the areas of payments and stablecoins. It is expected to complete fundraising by the end of June, with the amount raised between $175 million and $180 million.