Hotcoin Investment and Financing Weekly Report (11.23-11.29) | 25 Public Events, Financing Data Shows Growth

From November 23 to November 29, a total of 25 investment and financing events took place in the crypto market, including 10 in DeFi, 5 in infrastructure, 4 in gaming, 2 in social, 2 in CeFi, 1 in crypto cards, and 1 in enterprise blockchain.

This week, there were 4 financing events with amounts over $10 million:

• Synthetic USD stablecoin USDX completed a $45 million funding round, with investors including NGC Ventures and UOB Venture.

• Blockchain-based interbank payment network Partior completed a $20 million Series B1 round, with Deutsche Bank as an investor.

• DAG-based and EVM-compatible blockchain U2U Network completed a $13.8 million funding round, with investors including Kucoin Ventures and Cointelegraph.

• Web3 infrastructure provider Balance completed a $10 million funding round, with investors including Animoca Brands and Amber Group.

This week, the crypto market saw a rise in investment and financing activity, with 10 events in DeFi and 5 in infrastructure. Synthetic USD stablecoin USDX secured the largest financing amount of the week, raising $45 million.

The investment and financing projects this week are sorted by financing amount as shown in the following chart:

DeFi

1. According to ROOTDATA's investment and financing data on November 29, USDX completed a $45 million funding round, with investors including NGC Ventures, UOB Venture, and others. USDX (USDX.Money) is a synthetic USD stablecoin built for the crypto ecosystem. It offers a crypto-native Stablecoin solution that does not rely on traditional banking infrastructure, providing patience, scalability, and high stability.

2. According to ROOTDATA's investment and financing data on November 28, Margarita Finance completed a $1 million pre-seed funding round, with investors including Tomahawk VC, G-20 Group, and others. Margarita Finance is redefining DeFi by introducing customizable yield boosters into the Solana blockchain. The platform allows users to create and execute personalized derivative contracts, offering higher returns compared to traditional stablecoin staking through customized risk-return configurations.

3. According to ROOTDATA's investment and financing data on November 28, Cega completed a merger and acquisition financing round with an undisclosed amount, and the investors have not been revealed. Cega is a decentralized alternative derivatives protocol that builds exotic options structured products for retail investors. These products can generate excellent returns while providing built-in protection against market downturns.

4. According to ROOTDATA's investment and financing data on November 28, Astherus completed a strategic financing round with an undisclosed amount, with Binance Labs as the investor. Astherus is building a comprehensive dApp ecosystem for re-staked assets such as LST and LRT. User assets not only earn minimal returns but can also be used for spot and derivative trading, stablecoin yield farming, strategy earning, and more. By giving re-staked assets utility, Astherus can scale the utilization of re-staked assets and maximize user profits.

5. According to ROOTDATA's investment and financing data on November 28, Avant completed a $6.5 million seed round, with investors including SuperLayer, Avalaunch, and others. Avant is a DeFi platform founded in June 2024 with the mission of creating a more inclusive financial system through DeFi-driven stable value tokens. The platform launched the stable value token avUSD and its staking yield token savUSD.

6. According to ROOTDATA's investment and financing data on November 27, OpenDelta completed a financing round with an undisclosed amount, with investors including Anagram, Anatoly Yakovenko, and others. OpenDelta is a delta-neutral, yield-bearing synthetic dollar protocol. Its flagship token, USDO, maintains its USD value by hedging Bitcoin (BTC) collateral deposited by users.

7. According to ROOTDATA's investment and financing data on November 26, Vanilla Finance completed a pre-seed financing round with an undisclosed amount, with investors including UOB Venture, ABCDE Capital, and others. Vanilla Finance is a decentralized derivatives trading platform that offers up to 10,000x leverage without liquidation.

8. According to ROOTDATA's investment and financing data on November 25, Tren Finance completed a seed round financing with an undisclosed amount, with investors including Contango Digital Assets, Maven Capital, and others. Tren Finance is a liquidity platform for crypto long-tail assets. By supporting niche assets as collateral, Tren Finance aims to unlock higher capital efficiency for various crypto assets.

9. According to ROOTDATA's investment and financing data on November 25, Kernel completed a $1 million financing round, with investors including Binance Labs. Kernel is a re-staking infrastructure for BNB. Through re-staking, Kernel transforms the security of BNB into programmable and attributable trust for various crypto applications, services, and middleware. Kernel's products also include the liquidity re-staking protocol Kelp on Ethereum and the RWA tokenized yield protocol Gain.

10. According to ROOTDATA's investment and financing data on November 25, OpenTrade completed a $4 million expansion seed round, with investors including AlbionVC, a16z CSX, and others. OpenTrade provides Web3 financial officers with access to on-chain structured financial products backed by real-world financial assets. OpenTrade procures short-term, investment-grade risk-weighted assets through its global network of financial institutions, asset management firms, and B2B networks, and builds them into yield-generating on-chain financial products.

Infrastructure

1. According to ROOTDATA's investment and financing data on November 28, U2U Network completed a $13.8 million funding round, with investors including Kucoin Ventures, Cointelegraph, and others. U2U Network is a blockchain based on DAG and compatible with EVM, focused on providing unlimited scalability and on-demand decentralization.

2. According to ROOTDATA's investment and financing data on November 28, PinGo completed a funding round of an undisclosed amount, with UFLY Labs as the investor. PinGo is an AI and DePin solution on the TON network, addressing the fragmentation and underutilization of idle computing resources, providing a strong computational foundation for building AI models.

3. According to ROOTDATA's investment and financing data on November 26, Datalayer completed a funding round of an undisclosed amount, with Connectico Capital as the investor. Datalayer is a Layer1 blockchain and smart contract protocol that introduces native chains (lightweight, user-owned parallel chains) to provide dedicated blockchain space for users. It is specifically designed for high-frequency, low-cost assets, targeting fields like artificial intelligence, DePIN, micropayments, and real-world assets (RWA).

4. According to ROOTDATA's investment and financing data on November 26, Talus completed a $6 million funding round, with investors including Polychain, Foresight Ventures, and others. Talus Network is a blockchain platform focused on decentralized artificial intelligence. The network leverages the powerful capabilities of Move, emphasizing security, speed, and an enhanced developer experience.

5. According to ROOTDATA's investment and financing data on November 25, Pay.so completed an undisclosed acquisition financing round, with Request Finance as the investor. Pay.so is a payment platform supporting both cryptocurrencies and fiat currencies, allowing users to send cryptocurrencies and receive payments in USD, EUR, or over 40 other currencies worldwide.

Games

1. According to ROOTDATA's investment and financing data on November 27, BRKT completed a seed round of $1.75 million in financing, with investors including Foresight Ventures, OrangeDAO, and others. BRKT is a decentralized competition management protocol developed using Solidity smart contracts. It provides an innovative and secure way to create, manage, register, and distribute prizes to various types of competition participants.

2. According to ROOTDATA's investment and financing data on November 26, N3MUS completed a pre-seed round of $800,000 in financing, with investors including Moonbeam, Arrington Capital, and others. N3MUS is a Web3 gaming ecosystem designed to seamlessly integrate blockchain into mainstream games. This is achieved through its three main products, including N3MUS ID, a Web3 account abstraction wallet for game studios; N3MUS Tournaments, which allows players to participate in skill-based competitions and climb leaderboards for rewards; and the Game Hub, where players can explore and participate in various games.

3. According to ROOTDATA's investment and financing data on November 26, Balance completed a $10 million financing round, with investors including Animoca Brands, Amber Group, and others. Balance is a Web3 experience infrastructure developed by the Epal team for large-scale user adoption, dedicated to providing a smooth Web3 transition experience for Web2 users. Balance leverages its user traffic pool and combines blockchain and AI technology to bring transformative changes to multiple industries, especially in the social and gaming sectors.

4. According to ROOTDATA's investment and financing data on November 25, Qooverse completed a pre-seed round of financing with an undisclosed amount, with investors including Paper Ventures, Animoca Brands, and others. Qooverse is a Web3 gaming studio founded by senior professionals from Tencent and Goldman Sachs. Qooverse's mission is to redefine the interaction between the world and social games, utilizing the power of blockchain and deep integration with social media to deliver a gamified social experience. Qoomon is a fast-paced, win-to-earn mobile card game with an addictive gameplay loop.

Social

1. According to ROOTDATA investment and financing data on November 27, Rarimo has completed a $2.5 million funding round, with investors including Vitalik Buterin, Nick White, and others. Rarimo is a privacy-first social application that allows users to maintain privacy without losing historical actions, networks, and identities. Users can store passport data locally on their phones, publish their identity independently without permission, and anonymously generate ZKPs (Zero Knowledge Proofs) to prove their voting eligibility.

2. According to ROOTDATA investment and financing data on November 23, OceansGallerie has completed an undisclosed strategic funding round, with investment from Adaverse. OceansGallerie is an AI-based social aggregation platform built on the Sui Network and supported by Cetus.

CeFi

1. According to ROOTDATA investment and financing data on November 26, Liberty Road Capital has completed an undisclosed M&A financing round, with investors including Hilbert Group, among others. Liberty Road Capital (LRC) focuses on digital derivatives trading and asset management. It uses data-driven strategies and proprietary AI technology to optimize market opportunities and support high-performance strategies for digital assets, including Bitcoin (BTC) and Ethereum (ETH). Liberty Road Capital is regulated by the Financial Services Commission of the British Virgin Islands and is an authorized investment manager (IBR/AIM/22/0725).

2. According to ROOTDATA investment and financing data on November 26, Schuman Financial has completed a $7.36 million seed round financing, with investors including RockawayX, Faction, and others. Schuman Financial is a stablecoin issuer that launched EURØP, a euro-backed stablecoin designed to simplify global digital payments, on-chain foreign exchange trading, and tokenized real-world assets. EURØP is fully pegged 1:1 with the euro and backed by cash and cash equivalents. It aims to meet the growing demand for regulated stablecoins in Europe. Schuman Financial has already obtained a stablecoin issuer license in France and is building an ecosystem around EURØP, including SEPA integration, banking channels, and custody partnerships with global tier-one banks such as Société Générale.

Others

1. According to ROOTDATA investment and financing data on November 28, Bleap has completed a $2.3 million pre-seed round financing, with investors including Ethereal Ventures, Maven11, and others. Bleap is a debit card connected to wallets. With the Bleap card, users can directly spend funds from any EVM non-custodial wallet without the hassle of withdrawing or locking/transferring on-chain balances.

2. According to ROOTDATA investment and financing data on November 27, Partior has completed a $20 million Series B1 financing round, with investment from Deutsche Bank. Partior is a payment, clearing, and settlement blockchain platform developed from the Ubin project, created by J.P. Morgan, DBS, and Temasek with support from MAS (Monetary Authority of Singapore), designed to achieve end-to-end atomic settlement for multiple currencies and replace sequential payment settlements.