Compiled by Golden Finance
This week, 23 blockchain startups raised a total of $637.9 million.
The largest round of financing this week
IREN (formerly Iris Energy) raised $450 million in a private round of financing, and the investors were not disclosed.
Iris Energy (IREN) is a leading next-generation data center company that uses 100% renewable energy to power Bitcoin mining, artificial intelligence and other businesses. Headquartered in Australia, the company aims to increase its computing power to 30 EH/s and expand its data center capacity to 510 MW by 2025, and plans further expansion and energy monetization-related activities.
Pre-Seed and Seed Rounds
Yupp raised $33M in a seed round from Andreessen Horowitz (a16z crypto)*, Coinbase Ventures, Kunal Shah, and Gokul Rajaram.
Yupp is a consumer-facing AI model discovery and evaluation platform that allows users to explore and compare the latest AI models for free. It uses a crowdsourced approach to model evaluation: users submit prompt words, compare multiple AI-generated answers, and select the best one. These digitally signed preference data will be used for post-training and evaluation of the AI.
Noah raised $22M in a seed round from LocalGlobe*, Felix Capital, FJ Labs, Joe Lonsdale, and David Helgason.
Noah is a stablecoin-based cross-border payments platform and crypto wallet for businesses and individuals. It supports global transactions in over 120 local currencies, Bitcoin, and stablecoins, with enterprise-grade compliance and real-time settlement capabilities. Noah provides a unified payment API (covering cards, bank transfers, mobile payments), KYC/AML tools, fast liquidity solutions, and a managed checkout experience. It has integrated USDC in collaboration with Circle to enable seamless processing of wages, remittances, and corporate payments in decentralized and traditional financial systems.
Silhouette raised $3 million in a Pre-Seed round of financing from investors including RockawayX*, Amber Group, Hivemind, No Limit Holdings (NLH), Protagonist, NGC Ventures, and Echo.
Silhouette is a privacy-focused decentralized exchange protocol integrated with the Hyperliquid ecosystem. It enables confidential execution of multiple order types (such as exchange, inquiry, auction) 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 $6M in a seed round of funding from Cyber Fund*, Maven 11 Capital, Greenfield Capital, Digital Currency Group (DCG), and Eden Block.
NuConstruct is a crypto infrastructure company that provides a trustless, on-chain order flow execution layer for users, traders, dApps, and enterprises. The company is building a middleware solution called TOOL (Trustless Order Flow Operations Layer) that leverages Intel TDX-enabled TEE technology to divide each 12-second Ethereum block into one-second rounds, enabling sealed bid auctions and providing ultra-fast, private, and front-run-proof trade execution.
Orange Cap Games (Vibes) has raised $3.5 million in a seed round of funding from 1kx*, Yuga Labs*, Bing Ventures, and Infinity Ventures Crypto (IVC).
Vibes is a digital-physical trading card game developed by Orange Cap Games, centered around the Pudgy Penguins IP. It combines physical collectibles with digital gaming to create 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 Funding Rounds
Hyperion raised an undisclosed amount in a strategic funding round from investors including OKX Ventures (formerly OKEx Blockdream Ventures)*, Aptos Labs, Maelstrom, and Mirana Ventures.
Hyperion is a full-chain hybrid orderbook and automated market maker (Orderbook-AMM) decentralized exchange (DEX) built on the Aptos network, combining high throughput and low latency to provide a smooth trading experience for professional and retail traders. It is committed to becoming the core trading engine on Aptos, providing competitive liquidity and advanced market infrastructure.
Stable raised an undisclosed amount in a funding round from Gabriel Abed.
Stable is a first-layer blockchain designed for stablecoin native applications, using USDT (Tether) as the gas token. It supports zero-fee peer-to-peer USDT transfers and allows the direct operation of stablecoin smart contracts. Through the USDT0 mechanism, USDT cross-chain transfers can be achieved without a cross-chain bridge. The platform also supports gas-free use, built-in fiat currency entry and enterprise-level throughput, focusing on cross-border payments, fund management, foreign exchange and institutional-level scenarios.
Hey Anon received $144,000 in a round of financing, with investors including Sonic Innovator Fund.
Hey Anon is an on-chain AI-driven DeFi assistant that simplifies complex DeFi operations through natural language dialogue. Users can bridge, exchange, pledge and borrow across chains, while getting real-time information on project dynamics, prices and community sentiment. It integrates Twitter, Telegram, Discord, GitHub and Gitbook data to build actionable intelligent analysis. Relying on the high-speed characteristics of the Sonic ecosystem, Hey Anon provides real-time execution and AI-assisted trading interface (HUD).
World of Dypians received an undisclosed amount in a round of financing, with investors including Castrum Capital.
World of Dypians is a blockchain-powered metaverse platform that provides an immersive virtual experience where users can explore, interact and earn rewards. The platform combines DeFi and NFT elements, allowing players to own assets, trade and participate in governance, supporting multiple Play-to-Earn gameplays and promoting community-driven ecosystem construction.
Soon (Solana Optimistic Network) raised $5 million in a round of financing, with investors including Jump Crypto and Amber Group.
SOON uses the Solana Virtual Machine (SVM) and Sealevel parallel operation mechanism to improve network performance and security. The decoupled architecture built with Anza's SVM API separates the transaction processing unit (TPU) from the historical proof (POH), reducing data waste and eliminating redundant voting transactions. SOON Stack can be deployed on any Layer 1 blockchain using zero-knowledge fraud proofs (ZK fraud proofs) and supports configurable data availability (DA) options such as EigenDA, Avail, Celestia, etc.
Privy was acquired by Stripe in a round of M&A financing for an undisclosed amount.
Privy is a wallet infrastructure platform designed to seamlessly integrate crypto into a variety of applications. Developers can create and manage self-hosted wallets, perform on-chain transactions, and enable blockchain features through a single API. Supports multiple authentication methods such as email, SMS, and social accounts to improve the user onboarding experience. Compatible with multiple blockchain networks (such as EVM and Solana), and provides features such as gas sponsorship and portable accounts.
OneBalance raised $20 million in Series A funding from Cyber Fund*, Blockchain Capital*, Mirana Ventures, and L2 Iterative Ventures (L2IV).
OneBalance is a framework for creating and managing "Credible Accounts". This is an extension of existing account types (external accounts, smart accounts, stateful accounts) to enable trusted commitments without global consensus.
TYB (Try Your Best) raised $11M in Series A funding from 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 that enables consumer brands (covering beauty, fitness, food, lifestyle, etc.) to issue branded NFTs and reward tokens. Fans are rewarded for engaging with user-generated content, social sharing, product feedback, etc., and can redeem discounts, exclusive privileges, and benefits. Integrated with Shopify, TYB supports token-based loyalty programs that do not require wallets or crypto knowledge.
OpenTrade raised $7M in a funding round from Notion Capital*, Mercury Fund*, AlbionVC, Andreessen Horowitz (a16z crypto), and CMCC Global.
OpenTrade is a DeFi protocol platform that provides institutional-grade lending and yield products to fintech and institutional investors, supporting the converged Web2 and Web3 ecosystem. The platform integrates technical infrastructure with a compliant operating framework, supports liquidity pools for assets such as US Treasuries and investment-grade commercial paper, runs on Ethereum and Polygon, and enables compliant tokenized fixed income products.
Hypernative raised $40M in a Series B funding round from 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. It uses AI and machine learning to analyze on-chain and off-chain data to detect more than 200 risk types (including smart contract vulnerabilities, bridge security flaws, and market manipulation), helping developers and organizations take defensive measures before risks escalate.
Moongate was acquired by Humanity Protocol in a round of M&A funding for an undisclosed amount.
Moongate is an integration platform that helps brands and event organizers enhance community interaction through NFT tickets and membership systems. Its features include ticket issuance, membership programs, equity activities, and customer data analysis, simplifying the user interaction process before, during, and after events, improving brand loyalty, and enhancing user experience through the seamless integration of blockchain and Web2.
Football Fun received an undisclosed amount in a round of funding from 6th Man Ventures (6MV).
Football.Fun is a Web3 fantasy football platform where player cards are traded like Meme tokens. Users can open packs to build lineups, participate in competitions, and trade card shares through a dynamic AMM market. The platform supports free trials, invitation-based testing, and airdrop incentives.
Mixie was acquired by Zelgor Games in a round of M&A funding for an undisclosed amount.
Mixie is a Web3 native, AI-driven game creation platform and launchpad that provides no-code tools for beginners and experienced developers to create immersive experiences from casual games to 3D worlds. Its features include generative AI asset production, procedural narratives, token incentives (including staking and Meme tokens), and NFT airdrops, dedicated to democratizing game development.
Turnkey raised $30 million in Series B funding from Bain Capital Crypto*, Sequoia Capital, Lightspeed Faction, Galaxy Digital, Variant Fund, and Wintermute Ventures.
Turnkey provides a simple API for securely managing private keys. Users can generate hundreds of wallets and sign thousands of cross-chain transactions, supporting flexible programmable permissions to ensure that only authorized transactions are signed.
Rise Labs raised $4 million in a strategic funding round from Galaxy Digital.
RISE is a second-layer platform that aims to achieve the blockchain scaling vision of over 100,000 transactions per second while maintaining the decentralization and security of Ethereum. Its architecture is built in Rust and supports parallel EVM execution, surpassing current Layer 2 solutions and unlocking new possibilities for blockchain applications.
Plasma raised an undisclosed amount in a public funding round.
Plasma is a high-throughput, zero-fee payments platform built on Bitcoin that supports over 1,000 USD₮ transfers per second. Its innovative use of the Nakamoto PoS consensus mechanism and a hybrid UTXO/account architecture allows developers to build modular smart contracts, increasing Bitcoin's utility in payments and decentralized applications.
Towns Protocol raised $3.3 million in a public funding round.
Towns is a decentralized communications protocol and application that enables communities to build, own, and govern digital “squares.” Powered by Ethereum smart contracts, the platform provides end-to-end encrypted messaging, decentralized storage (via distributed streaming nodes), and programmable space that supports access control, monetization, and governance. Communities can sell access to group chats, control data ownership, and establish an on-chain immutable membership system.
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