| Blockspace | Aug 4, 2026 | | | Infrastructure | Blockspace is a for-profit Ethereum infrastructure company building and operating out-of-protocol infrastructure across Ethereum’s transaction pipeline | BlueYard Capital | | | Ether.fi, Quasar, Breed VC, SharpLink, Luganodes, Stakely.vc |
| M1X Global | Jul 6, 2026 | $5.5m | Seed | RWA | M1X Global is building onchain sovereign debt infrastructure that lets governments issue and manage tokenized sovereign debt instruments on blockchain rails | Paradigm | | | Breed VC |
| Inversion Capital | Sep 8, 2025 | $26.5m | Seed | RWA | Inversion is a crypto-native private equity firm that acquires traditional companies to integrate blockchain infrastructure, and is building a bespoke Avalanche-based Layer‑1 chain to support on-chain operational transformation | Dragonfly Capital | | | VanEck, Lightspeed Faction, ParaFi Capital, Portal Ventures, Mirana Ventures, Volt Capital, Metalayer Ventures, HashKey Capital, Race Capital, Wintermute Ventures, Moonrock Capital, Breed VC, Topology, Balaji Srinivasan, Bodhi Ventures, Lvna Capital, Escape Velocity, Folius Ventures, Comfy Capital, DCF God, Mike Dudas, Bryan Pellegrino, Jason Yanowitz |
| Irys | Aug 21, 2025 | $10m | Series A | L1 | Irys is a high-performance layer-1 programmable datachain that combines fast, cost-effective decentralized storage with a native execution layer to make data composable, executable, and shareable across AI, DeFi, and other onchain applications | CoinFund | | | Hypershere, Echo, Breed VC, WAGMI Ventures, Varrock, Tykhe Block Ventures |
| Hyperbeat | Aug 15, 2025 | $5.2m | Seed | DeFi | Hyperbeat, The Native Yield Layer of Hyperliquid | Electric Capital, ether.fi Ventures | | | Coinbase Ventures, Chapter One Ventures, Selini Capital, Maelstrom, Anchorage Digital, Node Capital, Relayer Capital, 4RC, dlab, Breed VC, Flowdesk, Heartcore Capital, MEV Capital, Luganodes, Nonce Classic, DCF God, MrBlock, Bryan Pellegrino |
| Kuru | Jul 7, 2025 | $11.6m | Series A | DeFi | Find, trade, and launch your favorite coins on a fully on-chain CLOB. Powered by Monad | Paradigm, Electric Capital | | | Brevan Howard Digital, CMS Holdings, Breed VC, Pivot Global, Velocity Capital |
| 3Jane | Jun 4, 2025 | $5.2m | Seed | DeFi | 3Jane is a decentralized finance (DeFi) protocol built on Ethereum’s Base layer, designed to create the first scalable credit-based money market in the crypto space. | Paradigm | | | Wintermute Ventures, Coinbase Ventures, Breed VC, Robot Ventures, Bodhi Ventures, Andre Cronje |
| Perpl | May 13, 2025 | $9.25m | | DeFi | a decentralized perpetual futures exchange | Dragonfly Capital, Ergonia | | | Brevan Howard, Mirana Ventures, L1 Digital, HashKey Capital, Breed VC, CMS Holdings |
| Cap Labs | Apr 7, 2025 | $8m | Seed | DeFi | Stablecoin protocol with credible financial guarantees | Franklin Templeton, Triton Capital | | | GSR, Flow Traders, Laser Digital Ventures, IMC Financial Markets, RockawayX, Superscrypt, Selini Capital, CMCC Global, Caladan, Paper Ventures, Presto Labs, Fasanara Capital, Auros Global, Breed VC, Curved Ventures, Nonce Classic, Flowdesk |
| Perena | Dec 11, 2024 | | Pre-Seed | Stablecoin | Decentralized stablecoin infrastructure | Borderless Capital | | | Binance Labs, Anagram, Maelstrom, Primitive Ventures, Breed VC, SevenX Ventures, ABCDE, Pivot Global, Miton, Graph Ventures, Temporal |
| Phylax Systems | Oct 31, 2024 | $4.5m | Pre-Seed | Infrastructure | A hack prevention protocol | Figment, Nascent | | | Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works |
| Drop Protocol | Oct 17, 2024 | $4m | Seed | DeFi | Drop is a liquid staking protocol for Interchain assets and a member of the Lido Alliance | CoinFund | | | Cosmostation, Interop Ventures, CMS Holdings, Anagram, Chorus One Ventures, Breed VC, Kahuna, Bitscale Capital, Orthogonal Trading, Skip |
| KIVA AI | Oct 11, 2024 | $7m | Pre-Seed | AI | Supporting the next generation of AI applications | CoinFund | | | Actai Ventures, Paper Ventures, HashKey Capital, PEER VC, NGC Ventures, Foresight Ventures, Big Brain Holdings, Breed VC |
| time.fun | Aug 29, 2024 | $3m | Seed | | tokenization platform | Brevan Howard Digital | | | Coinbase Ventures, Zee Prime Capital, Advancit Capital, Breed VC, Palm Tree Crypto, Anatoly Yakovenko, Raj Gokal, Mert Mumtaz, Frankdegods, Santiago R Santos, Arthur Hayes, Ezra Galston, Evgeny Gohkberg |
| BSX | Aug 21, 2024 | $4m | Seed | DeFi | DeFi derivatives protocol built on Base | Blockchain Capital | | | Bankless Ventures, NoLimit Holdings, Cadenza Ventures, Breed VC, Maelstrom, Zach Segal, Tommy Shaughnessy, Isaiah Washington |
| Ion Protocol | Aug 12, 2024 | $4.8m | | DeFi | liquidity protocol for staked and restaked assets | Gumi Cryptos Capital | | | Portal Ventures, SevenX Ventures, Bankless Ventures, Finality Capital Partners, Manifold, Robot Ventures, Maelstrom, NGC Ventures, Collider, Breed VC, Amir Forouzani, Azeem Khan, Mike Sligadze, Smokey The Bera, Chris Tham, Kratik Lodha, Daniel Dizon, Verity Coltman, Richard Malone |
| Kuru | Jul 25, 2024 | $2m | Seed | DEX | on-chain CLOB on Monad | Electric Capital | | | Brevan Howard Digital, CMS, Breed VC, Velocity Capital, Pivot Global, Keone Hon, Eugene Chen, Jarry Xiao |
| Kintsu | Jul 25, 2024 | $4m | Seed | Liquid Staking Protocol | Monad liquid staking protocol | Castle Island Ventures | | | Brevan Howard Digital, CMT Digital, Spartan Capital, Breed VC, Arche Capital, CMS, Animoca Brands, F Prime, Reciprocal Ventures, LBank Labs, Marin Tvrdic, Robinson Burkey, Mike Dudas, Mark Strome, Chris Hermida, Geoff Renaud, Alex Matthews, Ross Trachtman, Sean Lippel |
| Switchboard | May 28, 2024 | $7.5m | Series A | Infrastructure | permissionless oracle network services | Tribe Capital, RockawayX | | | Solana Foundation, Mysten Labs, Aptos Foundation, Infstones, StarkWare, OtterSec, Ascensive Assets, Lemniscap, Arche Capital, Bixin Ventures, Breed VC, Block Builders, Mert Mumtaz, Joe McCann, Brian Long, Geoff Renaud, Danish Chaudhry, Rooter, Jack C Liu |
| Arbelos Markets | May 8, 2024 | $28m | Private | Trading | trading firm providing principal liquidity across crypto derivatives markets | Dragonfly Capital | | | Selini Capital, Breed VC, Room40 Ventures, FalconX, Circle Ventures, Paxos, P2 Ventures, Deribit, Chorus One Ventures, StarkWare, Immutable |
| Usual Labs | Apr 17, 2024 | $7m | Strategic | Stablecoin | USD0, our new DeFi USD-stablecoin backed by RWAs | IOSG Ventures, Kraken Ventures | | | GSR, Mantle Network, Flowdesk, StarkWare, Avid3, Bing Ventures, Breed VC, Hypershere, Kima Ventures, Psalion, Public Works, 0x Ventures, LBank Labs, TRGC, Capsule Corp., Pleb Capital, Kalpha DAO, KaizenDAO, Primony, 0xSalazar, apolynya, HighStakesCap, DCF God, Nicolas Bacca, Sebastien Couture |
| Agora | Apr 2, 2024 | $12m | Seed | Payments | next-generation payments and asset infrastructure | Dragonfly Capital | | | Hack VC, General Catalyst, Kraken Ventures, Wintermute Ventures, Galaxy, Robot Ventures, Rubik Ventures, Mantle Ecosystem, Foresight Ventures, ConsenSys, Flowdesk, Breed VC |
| Myprize | Mar 26, 2024 | $13m | Equity + Token | Gaming | web3 gaming startup that also supports streaming, allowing users to collaborate and play together | Dragonfly Capital, Boxcars Ventures | $140m | | Mechanism Capital, a16z Scout, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital, Luka Netz, Peter Smith, Jeff Feng, Steve Rosenthal, Spencer Noon, Jason Leung, Tian Zeng, David Choi, Joshua Lim |
| Squid | Jan 31, 2024 | $4m | Strategic | DEX | secure cross-chain router that enables interoperability between blockchains and apps | Polychain Capital | | | Nomad Capital, North Island Ventures, Maelstrom, Chorus One Ventures, The Department of XYZ, Breed VC, Binary Builders, Typhon Ventures, Distributed Global, Fabric Ventures, Node Capital, Chapter One |
| Bagel | Jan 23, 2024 | $3.1m | Pre-Seed | Web3 | decentralized data platform aiming to support machine learning models | CoinFund | | | Protocol Labs, Borderless Capital, Maven 11, Graph Paper Capital, Breed VC |
| Zorp | Jan 23, 2024 | $5m | Seed | L1 | Zorp is the Nock company. We build Nockchain, a Layer 1 proof of work blockchain built using zero-knowledge proofs | Delphi Ventures | | | North Island Ventures, CMCC Global, Portal Ventures, Champion Hill Ventures, Breed VC, Octu Ventures, Labyrinth DAO |
| Cantina | Aug 10, 2023 | $7m | Seed | Smart contract security | open marketplace for web3 security auditors | Framework Ventures | | | Nascent, 1kx, Volt Capital, Breed VC, Robot Ventures |
| Ion Protocol | Jul 13, 2023 | $2m | Pre-Seed | DeFi | CDPs for restaked assets | Portal Ventures, SevenX Ventures | | | Bankless Ventures, Maelstrom, Alexander Larsen, Ryan Watkins, Hash Capital, Foresight Ventures, Smrti Labs, Maelstrom Fund, Breed VC, Everstake Pool, Punk Ventures DAO, Builder VC, Picks and Shovels VC, Marc Weinstein, Anthony Sassano, Daniel Dizion, Catrina Wang, Defi Dave, David Gogel, Paul Kim, Ryan Selkis, Yuki Yuminaga, Daniel Cheung, Wilson Withiam, Jack Sun, Ahboyash |
| Credora | Apr 25, 2023 | $6m | | Infrastructure | lending infrastructure and systematic credit ratings for private credit markets | | | | Coinbase Ventures, S&P Global, Spartan, Amber Group, CMT Digital, HashKey, GSR, KuCoin Ventures, Paradigm, Pirata Capital Management, Breed VC, WAGMI Ventures |
| Astria | Apr 4, 2023 | $5.5m | Seed | | Shared sequencer network | Maven 11 | | | 1kx, Delphi Digital, Figment Capital, Lemniscap, Nurikabe, Anagram, Robot Ventures, Breed VC |
