According to incomplete statistics from Odaily Planet Daily, a total of 11 blockchain financing events were disclosed worldwide between May 26 and June 1, down from 14 in the previous week, with a total financing amount of approximately US$98.5 million.
In contrast, although the total financing amount disclosed last week was as high as US$600 million, it mainly came from the adjustment of the credit line of Riot Platforms, a Nasdaq-listed Bitcoin mining company, and Coinbase Credit from US$100 million to US$200 million, which was an increase in the credit line rather than actual new financing.
The largest round of financing this week came from the stablecoin infrastructure company Conduit, which completed a $36 million Series A financing; the second largest round came from Eternis AI, the parent company of the AI project Freysa AI deployed on the Base chain, which received $30 million in financing.
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
Stablecoin company Conduit completes $36 million Series A financing, led by Dragonfly Capital
On May 28, the stablecoin company Conduit announced the completion of a $36 million Series A financing, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG and Commerce Ventures. This round of Series A financing brings Conduits total financing to $53 million. The company did not disclose the valuation of this round of financing. Conduits goal is to provide global companies with faster, more economical and more reliable cross-border payment services, using stablecoins (a cryptocurrency designed to maintain a consistent value with the US dollar) for international payment settlements, striving to complete transactions faster than traditional banks.
Eternis, the company behind Freysa AI, raises $30 million
On May 29 , Freysa AI, an AI project on the Base chain, and its parent company Eternis AI have completed a $30 million financing round, with investors including Coinbase Ventures, Selini Capital, etc. Coinbase Ventures confirmed that it invested directly in Eternis, and Selini Capital participated in the FAI token round investment. According to the official website of North Island Ventures, the organization is an investor in Eternis, and the Echo internal team also participated in the FAI token subscription.
Donut Labs completes $7 million seed round of financing, led by HackVC and others
On May 29, Donut Labs announced the completion of a $7 million seed round of financing, led by Sequoia Capital, Bitkraft and HackVC, with participation from Matrix Partners, Sky 9 Ventures, Makers Fund and SonicSVM. The new funds will be used to support the development of Donut, an executable crypto browser driven by an artificial intelligence agent with native cryptocurrency wallet and decentralized exchange integration, decentralized network access and on-chain execution.
On May 30, Solana Ecosystem Token Distribution Platform Cooking.City completed a $7 million financing round, led by Jump, with participation from CMT Digital, Mirana, Bitscale Capital and EVG. Cooking.City is committed to reshaping the token issuance mechanism and proposing a new on-chain issuance model that is sustainable, incentive-based, and community-centric.
Decentralized computing network Acurast completes $5.4 million in financing
On May 27, the decentralized computing network Acurast successfully raised $5.4 million in a community-led financing led by the cryptocurrency startup platform CoinList, with a valuation of $90 million. The new funds are intended to be used to strengthen the protocol and use trusted execution environments (TEEs) and hardware security modules (HSMs) to ensure secure and scalable computing while maintaining confidentiality without having to trust device owners, to meet the next generation of decentralized confidential computing needs in Web3, AI and other fields.
Oncade completes $4 million financing, led by a16z crypto CSX
On May 29, Oncade announced the completion of a $4 million financing led by a16z crypto CSX, aiming to build a community-driven game distribution platform to help game studios increase sales and user engagement through a sales-based billing method.
On May 30 , the Solana-based AI platform Assisterr announced the completion of a $2.8 million financing round, with a valuation of $75 million. Google for Startups, Outlier Ventures, Web3.com, Echo.xyz, Moonhill Capital and others participated in the investment.
Crypto wallet Dexari completes $2.3 million seed round of financing, led by Lemniscap and others
On May 30, the crypto wallet Dexari announced the completion of a $2.3 million seed round of financing, led by Lemniscap and Prelude, with participation from a group of angel investors from the Hyperliquid ecosystem. Dexari is built on the decentralized trading protocol Hyperliquid. The new funds will be used to accelerate the expansion of the development team, and plans to launch more features that are in line with DeFi trends.
Smart crypto trading tool Alph.AI completes $2 million in financing, led by Bitrue
On May 30, the smart cryptocurrency trading tool Alph.AI announced that it had completed a $2 million financing round, led by Bitrue. The new funds are intended to be used to promote the platforms AI intelligent construction to help users discover high-potential tokens early.
BlockSpaces Completes $2 Million Strategic Round of Financing, Led by Axiom
On May 28, Bitcoin-native infrastructure BlockSpaces announced the completion of a $2 million strategic round of financing, led by Axiom, with participation from Leadout Capital, Sand Harbor Capital, Lisa Hough of Eberly Energy Ventures, and Bob Burnett of Barefoot Mining. As of now, the companys total financing amount has reached $10 million. The new funds are intended to support its launch of ARCC, a Bitcoin-native collateral and risk management platform for institutions.
Revolving Games Completes New Round of Funding Led by Pantera Capital
On May 31, Web3 video game publisher Revolving Games announced the completion of a new round of financing led by Pantera Capital to expand its game distribution ecosystem based on RCADE Network. The specific amount was not disclosed. The company plans to accelerate the release of the War of Nova and Hatchlings series and the new work Skyborne: Phoenix Flight, which will be launched in a PC limited beta version in the third quarter of 2025.
