Overview of crypto investment and financing in March: overall funding trends and typical representative projects

This article will introduce some of the latest cryptocurrency investment trends and focus on some projects in the seed round stage whose development prospects are attracting much attention.

The cryptocurrency space has always attracted much attention, and the DeFi space has exploded in recent years. For those trying to seize market trends and venture capital opportunities, it is crucial to understand the insights of venture capital institutions and track the flow of funds. This article will introduce some of the latest cryptocurrency investment trends and focus on some projects in the seed round stage, whose development prospects have attracted much attention.

Here's how funds flowed last month:

First, there has been a huge increase in the total amount raised across the crypto ecosystem.

In March, 129 cryptocurrency transactions were conducted with a total value of $9.47 billion – the highest level since long ago!

First, there was a huge spike in total funding in the crypto ecosystem in March, with 129 deals totaling $9.47 billion. Of that total, $8.2 billion (87% of the total) was raised in just four rounds:

• Stripe: $6.5 billion;

• Ledger: $1.08 billion;

• Matter Labs, the developer of zkSync, received $458 million;

• eToro $250 million.

The remaining 125 financings totaled US$1.27 billion.

In terms of DeFi, funding growth remains sluggish, with only 17 DeFi projects successfully raising funds totaling $94 million.

As far as DeFi is concerned, fundraising growth remains slow. Only 17 DeFi projects successfully raised $94 million last month.

To be honest, March last year wasn’t very good for DeFi either, with 45 projects raising $300 million.

Most of these projects do not have tokens yet. But if market sentiment continues to improve, I expect them to launch tokens soon.

Here are the top three projects that received the most attention in March:

1. Polytrade: Lending to a traditional real-world asset class known as “invoice factoring”.

The lender purchases due invoices from suppliers at a discount and then collects the full invoice amount, generating a profit or gain.

This asset class is favored by banks and credit funds and currently has a TVL of $11 million.

The team raised $3.8 million from Alpha Wave, Matrix, Polygon, and others.

2. EconiaLabs is an on-chain order book on Aptos.

Econia provides integration capabilities for other applications ranging from spot trading to leveraged perpetual futures, etc. From what I understand, it is similar to Serum, but deployed on Aptos.

3. GyroStable is building a fully backed stablecoin with 24/7 reserves and autonomous price limits.

It looks a lot like Fei Protocol, which uses managed assets to stabilize its stablecoin $FEI.

Gyroscope focuses on the resilience of the system - its ability to remain functional even if parts of the system fail. The reserve consists of vaults specifically designed for risk stratification.

The team has raised $4.5 million from Placeholder VC, Galaxy Ventures, Robot Ventures, Balancer CEO, and others.