This week, 16 crypto startups raised $176 million, bringing the total funding this year to over $25 billion.
Jinse Finance reported that this week, 16 crypto startups raised $176 million in investment and financing, bringing the total investment this year to over $25 billion, far exceeding analysts' expectations. According to DefiLlama data, this figure is more than double that of last year. Major investors this week included Pantera Capital, a certain exchange, and DCG. Despite the crypto market dropping $1 trillion from its October peak, investors continue to increase their stakes. Sebastián Serrano, CEO of Argentine crypto exchange Ripo, stated that investors are "moving away from hype and increasingly rewarding projects with solid business models." The largest funding projects this week include: cross-chain infrastructure protocol LI.FI raising $29 million, layer-1 blockchain Real Finance focused on real-world asset tokenization raising $29 million, and institutional-grade staking service provider TenX Protocols raising $22 million and listing on the Toronto Stock Exchange.
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