This week, 23 blockchain startups raised a total of $154.1 million in funding. The largest funding was $37 million raised by Conduit in its Series A round, with investors including Paradigm, HAUN Ventures, Coinbase Ventures, and others.
Conduit is a crypto infrastructure platform that deploys production-grade OP chains (based on Optimistic Ethereum rollups) without having to handle scalability, reliability, and upgrade issues. Rebar Labs raised $2.9 million in seed funding for developing MEV-aware infrastructure for Bitcoin, while MegaLabs secured $20 million in seed funding for its blockchain MegaETH. Fenix, NovaNet, AnchorZero, GolfN, SoSoValue, Bluefin, Redacted, X-Protocol, Crossover Markets, Covalent, Ora Protocol, Nillion, TDMM, Argo, Enso Finance, Shaga, Elfin Metaverse, Infrared, Legend of Arcadia, and Allora also received funding in various rounds. Each company has its unique focus and goals, from decentralized games to AI networks and financial research platforms.