Gate Research: Primary market financing surged 104.8% in October, with capital heavily invested in prediction markets and stablecoin infrastructure.

According to a report titled "October 2025 Web3 Funding Panorama" released by Gate Research Institute, the Web3 funding market rebounded strongly in October, with 130 transactions completed and a total funding amount of $5.12 billion, a 104.8% increase month-over-month, marking the second-highest level in nearly a year. Strategic rounds dominated the October funding structure, accounting for over 70%, driven by the explosion of prediction markets and the accelerated integration of CeFi and TradeFi. Polymarket topped the list with a $2 billion strategic funding round, marking a high point for the prediction market sector in terms of capital investment; CeFi maintained its expansion momentum through mergers and acquisitions and structured financing, continuously deepening its synergy with the traditional financial system.

In terms of sectors, DeFi topped the list with a total funding of $2.15 billion, reflecting the concentrated allocation of capital to innovative financial applications. Stablecoin infrastructure also became a focus, with Tempo completing a $500 million Series A funding round, further solidifying its strategic position as the underlying layer of Web3 finance. The distribution of funding sizes showed a pattern of "mid-sized projects dominating and increasing polarization," with projects raising between $3 million and $10 million being the most active, accounting for more than one-third; while smaller funding rounds below $1 million accounted for only 5.9%, a recent low, indicating that capital is becoming increasingly selective in its screening of "pure concept" projects, and funds are accelerating their flow to mature teams and implementation solutions with long-term competitiveness.

Overall, the Web3 financing landscape in October showed three trends: "capital return, structural reshaping, and confidence recovery," indicating that the industry is entering a new cycle guided by steady growth and real value creation.