From September 14 to September 20, there were 33 investment and financing events in the crypto market, including 14 in infrastructure, 6 in DeFi, 3 in gaming, 2 in tools, and 8 in other categories.

This week, there were 6 financing events exceeding ten million dollars:

• Ton, a decentralized Layer1 blockchain designed by Telegram, completed a strategic financing round of $30 million, investors include Foresight Ventures, Bitget, and others.

• Drift Protocol, a Solana on-chain asset trading center, completed a Series B financing round of $25 million, investors include Multicoin Capital, Blockchain Capital, and others.

• Helius, a Solana development infrastructure, completed a Series B financing round of $21.75 million, investors include Haun Ventures, Founders Fund, and others.

• Hemi Network, a modular Layer 2 network, completed a financing round of $15 million, with investors including Binance Labs, Breyer Capital, and others.

• Pipe Network, a decentralized content delivery network, completed a Series A financing round of $10 million, investors include Multicoin Capital, Robot Ventures, and others.

• Yellow, a decentralized digital asset clearing network, completed a seed round financing of $10 million, investors include Chris Larsen, GSR, and others.

This week, the investment and financing heat in the crypto market remained steady compared to last week, with infrastructure accounting for nearly half of the events (14 of them). Ton, the decentralized Layer1 blockchain designed by Telegram, received the largest financing of the week, amounting to $30 million.

The investment and financing projects this week are sorted by financing amount as follows:

Infrastructure

1. According to ROOTDATA investment and financing data on 20 September, octra completed a $4 million pre-seed round of financing, with investors including Finality Capital Partners, Big Brain Holdings, and others. Octra is an FHE blockchain network supporting isolated execution environments. Most of the code base is developed in languages such as OCaml, AST, ReasonML (for smart contracts and applications interacting with the Octra blockchain network), and C++.

2. According to ROOTDATA investment and financing data on 20 September, Nametag completed an undisclosed amount of M&A financing, with Mask Network as the investor. Nametag is a decentralized identity platform that allows users to own their digital identities and interact in new ways. Nametag is a social profile page that allows people to showcase their digital collections and achievements on the platforms they use most frequently. This is powered by the Nametag Web Extension, which enables users to preview verified credentials (Nokens) and badges collected by other users. Nokens represent a person's online behavior, including game rankings and assets, famous followers, and community engagement on the internet. Users can curate galleries of their collectibles, achievements, and badges, which will appear in all Nametag-supported applications. Initially, users will be able to see each other's Nametag profiles directly on Youtube, Twitter, and Discord.

3. According to ROOTDATA investment and financing data on 19 September, Sorted completed a $1.5 million pre-seed round of financing, with Tether as the investor. Sorted is a non-custodial cryptocurrency wallet that provides funds for unbanked and underbanked individuals in developing regions. The platform is designed for feature phones and low-power smartphones, aiming to promote economic empowerment and financial inclusion.

4. According to ROOTDATA investment and financing data on 19 September, Chaos Labs completed an undisclosed amount of financing, with PayPal Ventures as the investor. Chaos Labs is a cloud platform that enables teams to create high-fidelity agent and scenario-based simulations on mainnet forks, providing a real testing environment. The company aims to expand cryptocurrency adoption by providing protocols with customized and automated economic security tools that can verify protocol durability and stability under any market conditions. Chaos Labs' tools allow core teams and community members to better monitor protocol health and risks in real-time, enabling mainnet changes to be executed before potential vulnerabilities are exploited.

5. According to ROOTDATA investment and financing data on 19 September, Aptos completed a multi-million dollar strategic financing round, with Foresight Ventures as the investor. Aptos is a secure and scalable Layer 1 blockchain designed to bring decentralized assets into the daily lives of billions of users.

6. According to ROOTDATA investment and financing data on 19 September, Bool Network completed a $2 million seed round of financing, investors include Spark Digital Capital, Cogitent Ventures, and others. Bool Network is an open, decentralized, and secure Bitcoin validation layer supported by MPC-based distributed key management. It enables developers to easily build fast, stable, and scalable Bitcoin Layer 2 blockchains with one-stop solutions, inheriting Bitcoin's security features.

7. According to ROOTDATA investment and financing data on 19 September, Helius completed a $21.75 million Series B financing round; investors include Haun Ventures, Founders fund, and others. Helius aims to help creators overcome obstacles by providing APIs (or Application Programming Interfaces) to understand on-chain data and query transactions, as well as webhooks to support automation and bots, and RPC nodes that allow Solana applications to interact with the blockchain. In short, they aim to abstract complexity and simplify application development.

8. According to ROOTDATA investment and financing data on 18 September, Hemi Network completed a $15 million financing round; investors include Binance Labs, Breyer Capital, and others. Hemi Network is a modular Layer 2 network that facilitates Ethereum smart contract functionality protected by the Bitcoin network. The chain introduces the Hemi Virtual Machine (hVM), which integrates a complete Bitcoin node into the Ethereum Virtual Machine (EVM) - Ethereum's core smart contract engine. HVM allows developers to create smart contracts that interact with Bitcoin's state, unlocking Bitcoin-based DeFi applications, including staking, lending markets, and democratized MEV markets.

9. According to ROOTDATA investment and financing data on 18 September, Ton completed a $30 million strategic financing round, with investors including Foresight Ventures, Bitget, and others. TON (The Open Network) is a fully decentralized Layer 1 blockchain designed by Telegram. It is known for its ultra-fast transaction speeds, low fees, user-friendly applications, and environmental friendliness.

10. According to ROOTDATA investment and financing data on 17 September, Magicblock completed a $3 million pre-seed round of financing, with a16z as the investor. Magicblock is an open-source stack on Solana & SVM where anyone can build and play on-chain games.

11. According to ROOTDATA investment and financing data on 17 September, Fermah completed a $5.2 million seed round of financing, with investors including a16z, Lemniscap, and others. Fermah is a universal zero-knowledge proof generation layer. It acts as a marketplace where the supply side includes GPUs and FPGAs. On the demand side, Fermah can generate proofs for any instance using ZK.

12. According to ROOTDATA investment and financing data on 16 September, Onboard completed an undisclosed amount of financing, investors include Coinbase Ventures, LAVA, and others. Onboard is a non-custodial crypto wallet where users can access their keys using email instead of mnemonics, while also being able to store digital assets directly to and from bank accounts. Onboard aims to provide modern, world-class digital financial services connecting Africans to the global economy.

13. According to ROOTDATA investment and financing data on 16 September, RISE Chain completed a $3.2 million seed round of financing, investors include Finality Capital Partners, P2 Ventures, and others. RISE Chain is an Ethereum Layer 2 that has developed and open-sourced pevm, a parallel EVM engine. With its optimized database and state access methods, RISE expects full node operations to run efficiently under 32 GB of RAM.

14. According to ROOTDATA investment and financing data on 16 September, Pipe Network completed a $10 million Series A financing round, with investors including Multicoin Capital, Robot Ventures, and others. Pipe Network is a Solana-based decentralized content delivery network (CDN). This secure, scalable, and highly localized solution enables permissionless contributors to deploy Points of Presence (PoPs) in target regions, ensuring lightning-fast access to high-quality media and real-time applications.

DeFi

1. According to ROOTDATA's investment data on 19 September, Blend Finance completed a seed round of funding for an undisclosed amount, investors include IBC Group, Mario Nawfal, and others. Blend is a liquidity market protocol on Bitcoin's layer-2 network, allowing users to participate as depositors or borrowers. Depositors contribute liquidity to earn passive income, while borrowers can obtain loans through over-collateralization (long-term) or under-collateralization (short-term).

2. According to ROOTDATA's investment data on 19 September, Drift Protocol completed a Series B funding round of $25 million, investors include Multicoin Capital, Blockchain Capital, and others. Drift Protocol is a Solana-based on-chain asset trading center, offering services such as Perps and prediction markets.

3. According to ROOTDATA's investment data on 18 September, TrueX completed a funding round of $9 million, investors include Solana, Hack VC, and others. TrueX is a non-custodial, stablecoin-native exchange dedicated to providing global market and liquidity services through reliable and innovative trading technology. TrueX has a proprietary matching engine that efficiently matches trade orders, ensuring separation between trade execution and asset custody while guaranteeing seamless transaction completion using stablecoins. The exchange's default settlement currency is PYUSD.

4. According to ROOTDATA's investment data on 18 September, Amnis Finance completed a funding round of $2 million, investors include Borderless Capital, OKX Ventures, and others. Amnis Finance is a liquidity staking protocol that allows users to easily maximize their APT token returns while unlocking liquidity.

5. According to ROOTDATA's investment data on 18 September, Filament completed a seed round of funding of $1.1 million, investors include Lingfeng Innovation Fund (LIF), Polygon, and others. Filament is an oracle-based perpetual contract DEX designed to help traders and liquidity providers maximize returns from perpetual trading. Filament's liquidity pools are intelligently designed to adapt to low-liquidity assets.

6. According to ROOTDATA's investment data on 16 September, LogX completed a strategic funding round of $4 million, investors include DWF Labs, Saison Capital, and others. LogX is an L2 on-chain liquidity solution focused on perpetual contracts. LogX is designed as a large aggregator, pooling liquidity from different chains. Users don't need to manage Gas fee tokens or deal with the complexity of executing multiple transactions for each operation. LogX aims to provide unprecedented deep liquidity for professional traders and institutions.

Gaming

1. According to ROOTDATA's investment data on 17 September, Forge completed a strategic funding round for an undisclosed amount, investors include Avalanche, Sui / Mysten Labs, and others. Forge is a Web3 universal gaming account platform that allows gamers to aggregate their gaming lives and achievements into personal accounts and receive rewards based on their participation. Forge's mission is to help gamers unlock the value of their gaming profiles and be rewarded for their contributions to gaming communities.

2. According to ROOTDATA's investment data on 17 September, 0xAstra completed a seed round of funding of $3 million, investors include Animoca Brands, Folius Ventures, and others. 0xAstra is a full-chain SLG game where players can build and defend their cosmic homes, strategize, expand, and dominate in interstellar conquest.

3. According to ROOTDATA's investment data on 16 September, E4C: Final Salvation completed a Series A funding round of several million dollars, investors include Spartan Group, Infinity Ventures Crypto, and others. E4C: Final Salvation is a mobile MOBA game that incorporates esports into its gameplay, featuring a fully mobile-native and web3 customized design. The game is developed by Ambrus Studio.

Tools

1. According to ROOTDATA's investment data on 20 September, Coinhall completed an M&A funding round for an undisclosed amount, with Jupiter as the investor. Coinhall provides real-time prices, charts, trading aggregation, and analysis for all AMM DEXs in the Terra, Juno, Near, and Cosmos ecosystems.

2. According to ROOTDATA's investment data on 20 September, SolanaFM completed an M&A funding round for an undisclosed amount, with Jupiter as the investor. SolanaFM Explorer is a user-centric Solana blockchain explorer designed to simplify transaction information and reduce the complexity of fund flow visualization.

Others

1. According to ROOTDATA's investment data on 20 September, GraFun completed a funding round for an undisclosed amount, with DWF Labs as the investor. GraFun is a Launchpad platform for meme coins on the BNB chain. The solution aims to reduce rug pull risks and ensure truly fair launches.

2. According to ROOTDATA's investment data on 18 September, Yellow completed a seed round of funding of $10 million, investors include Chris Larsen, GSR, and others. Yellow Network is a decentralized digital asset clearing network that addresses the inefficiencies of traditional crypto trading systems. By leveraging state channel technology and chain abstraction, the protocol significantly reduces latency, achieves horizontal scalability, and improves capital efficiency, providing a secure, non-custodial solution for modern trading ecosystems. Yellow Network embodies a decentralized Layer 3 peer-to-peer mesh network that allows brokers to communicate, trade, and aggregate liquidity from connected nodes.

3. According to ROOTDATA's investment data on 18 September, vana completed a strategic funding round of $5 million, with Coinbase Ventures as the investor. Vana is an AI identity generation application that allows users to create a digital persona that can be used across different applications while maintaining privacy, controllable only by the user who created it and authorized accounts.

4. According to ROOTDATA's investment data on18 September, Velo completed a funding round for an undisclosed amount, with UOB Venture as the investor. Velo is a blockchain-based, compliance-first global settlement network providing fast, secure, and low-cost cross-border payments for individuals and businesses.

5. According to ROOTDATA's investment data on 18 September, CUDIS completed a funding round of $5 million, investors include Draper Associates, Foresight Ventures, and others. CUDIS is an AI-powered wearable DePIN product that enables data ownership. CUDIS allows users to passively own data and potentially monetize it, which in the long run can lower the entry cost of maintaining a healthy lifestyle globally.

6. According to ROOTDATA's investment data on 17 September, Limitless completed a seed round of funding of $3 million, investors include 1confirmation, Paper Ventures, and others. Limitless is a social prediction protocol. Creators can easily configure markets and share them with the community to earn transaction fees and predict significant events. Limitless bets that truth is the next commodity with exponential value.

7. According to ROOTDATA's investment data on 17 September, One Trading completed a strategic funding round for an undisclosed amount, with SC Ventures as the investor. One Trading, formerly known as Bitpanda Pro, is a digital asset exchange for professionals, businesses, and institutions.

8. According to ROOTDATA's investment data on 14 September, Ore completed a funding round of $3 million, investors include Foundation Capital, Solana Ventures, and others. Ore is a digital currency that users can mine anywhere, at home, or via mobile phones. Ore uses a novel mining protocol designed for fair token distribution, where instead of having every miner participate in a winner-takes-all competition, Ore provides each miner with their own personalized computational challenge.