March Investment Overview: Funding Trends Across Sectors and the Three Top VC-Backed Startups
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March Investment Overview: Funding Trends Across Sectors and the Three Top VC-Backed Startups
This article will introduce some of the latest developments in cryptocurrency investments, with a particular focus on projects in their seed rounds that are drawing significant attention for their promising prospects.
Navigating Web3 tides with focused insightsWritten by: Ignas
Compiled by: TechFlow
The cryptocurrency space has long been a focal point of attention, and in recent years, the DeFi sector has experienced explosive growth. For those aiming to capture market trends and venture investment opportunities, understanding insights from venture capital firms and tracking capital flows is crucial. This article will highlight some of the latest developments in crypto investments, with a particular focus on projects at the seed stage that are drawing significant interest.
Here’s an overview of last month’s funding activity:
First, the total amount raised across the entire crypto ecosystem saw massive growth.
In March, there were 129 crypto deals totaling $9.47 billion—this is the highest level since a long time ago!
To start, March saw a huge surge in fundraising across the crypto ecosystem, with 129 deals raising a total of $9.47 billion. Just four of these rounds accounted for $8.2 billion (87% of the total):
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Stripe – $6.5 billion;
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Ledger – $1.08 billion;
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zkSync developer Matter Labs – $458 million;
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eToro – $250 million.
The remaining 125 deals raised a combined $1.27 billion.
On the DeFi front, funding growth remains sluggish. Only 17 DeFi projects successfully raised funds, totaling $94 million.
As far as DeFi is concerned, fundraising growth remains slow. Only 17 DeFi projects managed to raise $94 million last month.
To be honest, March last year wasn't great for DeFi either, when 45 projects raised $300 million.
Most of these projects do not yet have tokens. However, if market sentiment continues to improve, I expect they will launch their tokens soon.
Below are the top three most watched projects from March:
1. Polytrade: Lending against traditional real-world assets known as "invoice factoring".
Lenders purchase outstanding invoices from suppliers at a discount and then collect the full invoice amount, generating profit or yield.
This asset class is popular among banks and credit funds and currently has a TVL of $11 million.
The team raised $3.8 million from Alpha Wave, Matrix, Polygon, and others.
2. EconiaLabs is an on-chain order book built on Aptos.
Econia provides integration capabilities for other applications, ranging from spot trading to leveraged perpetual futures. As far as I know, it's similar to Serum but deployed on Aptos.
3. GyroStable is building a fully backed stablecoin with round-the-clock reserves and autonomous price capping functionality.
It looks very much like the Fei Protocol, which used protocol-controlled assets to stabilize its stablecoin $FEI.
Gyroscope emphasizes system resilience—the ability to maintain functionality even if parts of the system fail. Reserves consist of vaults specifically designed with risk-layering in mind.
The team has raised $4.5 million from Placeholder VC, Galaxy Ventures, Robot Ventures, the CEO of Balancer, and others.
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Ignas | DeFi Research
