| Drake Exchange | Sep 29, 2025 | $1m | Seed | DeFi | Drake Exchange is a Monad-based perpetual DEX with a limit order book, cross-margin trading, AMM backstop liquidity, and leverage up to 50×, alongside liquidity provision and automated yield vaults | CMS | | | |
| Ducat | Aug 23, 2024 | $2.5m | Pre-Seed | Stablecoin | Bitcoin-Native Stablecoin on Runes | UTXO | | | CMS, Bitcoin Frontier Fund, Aurion Capital, Marin Ventures, Samara Asset Group, Bitcoin Startup Lab, Bitflow, X+, Revelo Intel |
| 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 |
| Satoshi Protocol | Jul 9, 2024 | $2m | Seed | Stablecoin | Universal stablecoin $SAT backed by Bitcoin | CMS, RockTree Capital | | | Cypher Capital, Side Door Ventures, Optic, Metalpha, Outliers, Comma3 Ventures, Paul Taylor, Yenwen Feng, MH Ventures |
| Arch Network | May 9, 2024 | $7m | Seed | Infrastructure | platform for programmability on Bitcoin | Multicoin Capital | | | Portal Ventures, Big Brain Holdings, OKX Ventures, CMS, Tangent, UTXO Management, ABCDE, Cypher Capital, Newman Capital |
| Scallop Protocol | Mar 3, 2024 | $3m | Strategic | DeFi | lending and borrowing protocol | CMS, 6th Man Ventures | | | KuCoin Labs, Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital, Mysten Labs, Kyros Ventures, 8186 Capital, 7UpDAO, LBank Labs, ViaBTC Capital, Cetus Protocol, Zellic, AC Capital, Criterion VC, UOB Venture Management |
| Velar | Feb 1, 2024 | $3.5m | Seed | DEX | Perpetual DEX on Bitcoin | | | | Bitcoin Startup Lab, CMS, Black Edge Capital, Samara Asset Group, GBV, Trust Machines, Cypher Capital, MH Ventures |
| Root Protocol | Jan 19, 2024 | $10m | Seed | Infrastructure | Market Making - OTC Trading | Animoca Brands | $100m | | dao5, Shima Capital, Gate Labs, Digital Finance Group, Signum Capital, Ankr, Digital Strategies, CMS, Genblock Capital, Cypher Capital, Meltem Demirors, Tekin Salimi, Lucy Gazmararian, Evin McMullen, Ben Lakoff |
| Republik | Oct 11, 2023 | $6m | Seed | Web3 | web3 creator platform | | | | OKX Ventures, 6MV, Arcane Capital, CMS, Comma3 Ventures, Define, Enjin, FBG Capital, HTX, Mirana Ventures, OIG Capital, Signum Capital, Sora Ventures, OIG Capital |
| Infinity Exchange | Sep 14, 2022 | $4.2m | Seed | | Money Market | | | | GSR, SIG DT Investments, CMS, C² Ventures, Flow Traders, block0, Mentha Partners |
| Contango | Jul 14, 2022 | $4m | Seed | DeFi | | ParaFi Capital | $45m | | Juan Guillen, Andrew Milenius, Michael Chen, Mika, Windra, Yenwen Feng, Brainjar, Nick Avramov, Wil Barnes, dlab, Advanced Blockchain, Coinbase Ventures, The Spartan Group, AngelDAO, Cumberland DRW, GSR, Amber Group, CMS |
| Bastion | Apr 21, 2022 | $11m | Series A | DeFi | Bastion is the first and only major DeFi protocol with both Stableswap and Lending products | 3AC | | | FTX Ventures, Jump Crypto, Jane Street, The Spartan Group, CMS, Crypto.com Capital, Alex Shevchenko, Ryan Selkis, Lyrik Ventures, Puzzle Ventures, Maven 11, Big Brain Holdings, block0 |
| zkLend | Mar 31, 2022 | $5m | Seed | DeFi | Lending | Delphi Digital | | | 4RC, StarkWare, Genesis Block Ventures, CMS, Metacartel Ventures, DCVC, Amber Group, TPS Capital, Ascensive Assets, D3Web Capital, SkyVision Capital |
| Slope Finance | Feb 25, 2022 | $8m | Series A | Infrastructure | Cross-Chain wallet | Jump Capital, Solana Ventures | | | Sequoia Capital, CMS, Circle Ventures, OKX, Gate.io, Huobi Ventures, Genesis Global Trading, Spark Digital, The Spartan Group, Fenbushi Capital, Mirana Ventures, Wave Financial Group, OKX Ventures, Gate Ventures |
| Pact | Feb 24, 2022 | $2.1m | Seed | DeFi | AMM | Hivemind Capital Partners, Borderless Capital | $20m | | Meld Ventures, CMS, Orthogonal Trading, MXC, DVG, DAO Jones, 0x Ventures, Valhalla Capital, Ellipti, Elves Long Term Capital, Parea Capital, Algopulse |
| Hubble Protocol | Dec 16, 2021 | $10m | Seed | DeFi | Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products. | | | | AllianceDAO, CMS Holdings, Decentral Park Capital, DeFiance Capital, Delphi Digital, Digital Strategies, Jump Capital, Mechanism Capital, Spartan Capital, 3AC, DCG, Crypto.com Capital, ParaFi Capital, CMS |
| SynFutures | Jun 16, 2021 | $14m | Series A | DeFi | SynFutures is a next generation synthetic assets derivatives exchange focused on creating an open and trustless derivatives market . | | | | Bybit, CMS, Framework Ventures, IOSG Ventures, Kronos Research, Pantera Capital, Parachain Ventures, Polychain, Wintermute Trading |
| Umee | Jun 15, 2021 | $6.3m | Seed | L1 | L1 | Polychain Capital | | | Coinbase Ventures, ConsenSys, Tendermint, CMS, Ideo Colab, Brian Kelly Capital Management, Alameda Research, Argonautic Ventures |
| Injective Protocol | Apr 20, 2021 | $10m | Strategic | DeFi | cross-chain derivatives trading | | | | Pantera Capital, Mark Cuban, BlockTower Capital, Hashed, Cadenza Ventures, CMS, QCP Capital |
| Oin Finance | Aug 25, 2020 | $1m | ICO | DeFi | Oin Finance is a Defi company building liquidity pool lending platforms. | | | | Alameda Research, BlockWater Management, CMS, FBG Capital, FTX Ventures, GBIC, Ruby Capital, Signum Capital, Waterdrip Capital |
