Recap of DeFi Space, February 2024
đ Noteworthy Links
Japan seeks to allow certain VCs to directly invest in crypto
US Cyber Authorities Investigate âBinance Trust Walletâ iOS App for Vulnerabilities
Englandâs Law Commission seeks views on Draft Legislation to label crypto as a property
Does Vitalikâs âDecentralized Stackâ Need Strict Global Consensus?
ERC404 is an NFT-crypto hybrid; itâs already generated $87M in trades
M^0 will allow institutions to issue stablecoins backed by U.S. Treasuries
Solana Phone crosses 100,000 presales, securing $45M for development
Breaking Down Walled Gardens: Farcaster and Decentralized Social Media
$FDUSD stablecoin trading pairs hit highest share of spot volume
Tron unveils development roadmap for its Bitcoin L2 solution
Infinex: Giving out governance points that wonât convert into tokens
Polygon zkEVM prepares for Dencun, eyes fee reductions with EIP-4844
Farm 5x shards on Ethena using our link
You can also farm Zircuit Points
đ¸Â Venture Financing
Cube, a hybrid crypto exchange, reached a $100M valuation in its new $12M Series A funding round.
Delegate Labs closed a $9M funding round, announcing Clusters soon afterward.
Velar secured $3.5M in funding, aiming to use the funds to build a perpetual DEX on Bitcoin.
nftperp secured a strategic grant with an undisclosed amount from the Arbitrum Foundation.
Merlin Chain secured an undisclosed quantity of funding, hoping to use it to empower âBitcoin-nativeâ innovations.
Fordefi closed a $10M funding round, aiming to make crypto safer with institutional-grade wallet to retail-facing platforms.
Lava, a modular chain developer, raised $15M in funding.
Ethena secured $15M in funding, with the company holding a $300M valuation.
RW3 Ventures announced its $60M crypto VC fund, backed by Mubadala and Raptor Group.
Hack VCÂ secured $150M for its new VC fund.
Andreessen Horowitz invested $100M in EigenLayer.
Flare, an L1 network, secured $35M in funding.
AltLayer closed a $14.4M strategic funding round, with the round co-led by Polychain and Hack VC.
Helius, a Solana developer platform, announced its $9.5M Series A funding round.
Superfluid, an Ethereum-based token streaming protocol, secured $5.1M in strategic funding.
Citrea, a Bitcoin zero-knowledge rollup, raised $2.7M in seed funding.
Clave announced its $1.6M pre-seed funding round as complete.
Honeypot Finance, a Berachain native DeFi-hub, closed its pre-seed funding round with an undisclosed amount of funding.
Avail, a modular blockchain project, raised $27M in seed funding.
Initia, a rollup-focused blockchain, secured $7.5M in funding.
Babylon received an undisclosed sum of investment from Binance Labs.
Arkis closed a $2.2M funding round, hoping to accelerate adoption with the funds.
Octav, a project focused on on-chain data, secured $4M in strategic funding.