February 18, 2025
Here’s your Weekly Wrap of all things crypto funding, ending February 15, 2025.
This week’s crypto funding landscape saw substantial investments across key blockchain sectors, signaling continued investor confidence. The total disclosed funding amounted to $38.25 million across six projects, with DeFi, Layer 2, and Security standing out as the most significant categories.
Below is a summary of projects receiving funding this week:
Category | Organization Name | Project Description | Money Raised this Round |
AI | 1,500,000 | ||
Uswap | An AI DEX | 1,500,000 | |
DeFi | 15,000,000 | ||
Bluefin | A DeFI Ecosystem on Sui | UNDISCLOSED | |
Legend | An All-in-one DeFi Superapp | 15,000,000 | |
Layer 2 | 13,000,000 | ||
MegaETH | A High- performance Ethereum Layer 2 | 13,000,000 | |
Security | 4,750,000 | ||
Drosera | A Security automation layer for operators and protocols | 4,750,000 | |
Web3 | 4,000,000 | ||
Mirai Labs | Team behind the partnr Ecosystem | 4,000,000 | |
Grand Total | 38,250,000 |
DeFi
The DeFi sector led this week’s funding with $15 million across two disclosed projects, highlighting the ongoing expansion of decentralized financial services and superapps.
Legend raised $15 million, positioning itself as an all-in-one DeFi superapp. The platform aims to provide users with a seamless suite of financial services, including trading, lending, and yield optimization, catering to the growing demand for comprehensive DeFi solutions.
Bluefin, a DeFi ecosystem built on Sui, also participated in this week’s funding round, though the exact amount was undisclosed. As a part of the Sui blockchain ecosystem, Bluefin focuses on decentralized trading and liquidity provisioning, contributing to the network's expanding financial infrastructure.
Layer 2
The Layer 2 sector secured $13 million, emphasizing the increasing focus on improving Ethereum’s scalability and transaction efficiency.
MegaETH raised $13 million to develop a high-performance Ethereum Layer 2 solution. The project is designed to enhance throughput and reduce gas fees while maintaining Ethereum’s security standards. By leveraging rollups and advanced scaling techniques, MegaETH aims to support a growing number of decentralized applications requiring fast and cost-effective transactions.
Security
The Security sector saw $4.75 million in funding this week, reflecting the continued need for enhanced security measures in blockchain operations.
Drosera raised $4.75 million to develop an automation layer for security operations, providing advanced protection for protocols and operators. The platform focuses on automating threat detection, mitigation, and compliance solutions to ensure the resilience of decentralized applications against vulnerabilities and exploits.
Conclusion
This week’s funding activity highlights strong investor interest across key blockchain sectors. The DeFi sector led with $15 million, driven by Legend’s $15 million raise, emphasizing the demand for comprehensive DeFi superapps. Bluefin’s participation further reinforced the expansion of decentralized financial ecosystems.
The Layer 2 sector followed with $13 million, with MegaETH securing the entire amount to enhance Ethereum’s scalability and transaction efficiency through advanced roll-up technology.
Meanwhile, the Security sector raised $4.75 million, with Drosera’s funding reflecting the growing focus on automated security solutions for blockchain protocols and operators.
These developments showcase blockchain’s expanding role in financial services, scalability solutions, and security automation. Investor confidence remains strong, driving continued innovation and adoption in decentralized technologies.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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