| Cork Protocol | Jan 21, 2026 | $5.5m | Seed | Insurance | Cork Protocol introduces Depeg Swaps, a DeFi primitive that lets users trade the risk of pegged assets. It provides on-chain tools for managing credit and liquidity risk, supporting more stable and capital-efficient DeFi credit markets | a16z crypto, Road Capital | | | WAGMI Ventures, IDEO CoLab Ventures, BitGo, Hyperithm, Depo Ventures, Cooley, FunFair Ventures, Stake Capital, Gate Ventures, Peer Venture Partners, G-20 Group, 432 Ventures |
| ETHGAS | Dec 17, 2025 | $12m | Seed | DeFi | ETHGas is a marketplace for trading Ethereum blockspace commitments and base fee exposure. It uses a centralized order book for matching while securing collateral and validator commitments through non-custodial smart contracts, combining efficient execution with on-chain settlement and risk management | Polychain Capital | | | BlueYard Capital, Stake Capital, SIG DT Investments, KeyRock, Node Capital, TokkaLabs, Amber Group, BTCS Inc. |
| Gaia | Jul 23, 2025 | $10m | Series A | AI | A decentralized AI network developed by Gaia Labs, leveraging a peer-to-peer infrastructure of over 700,000 nodes to enable open-source, user-owned intelligence with on-device inference and cross-chain integration | ByteTrade Lab, Susquehanna, Mantle, Mirana Ventures | | | EVM Capital, MoonPay, BitGo, Paper Ventures, Outlier Ventures, Amber Group, Selini Capital, G-20 Group, ConsenSys, Presto Labs, Taisu Ventures, Republic, NGC Ventures, Cogitent Ventures, Stake Capital |
| Rover | May 20, 2025 | $4.1m | Seed | DeFi | Rover is a decentralized liquid staking protocol on Botanix Labs' Spiderchain, enabling Bitcoin holders to stake BTC, receive the liquid staking token rovBTC, and participate in DeFi while maintaining liquidity and earning rewards. | | | | Animoca Brands, CMS Holdings, Bloccelerate, Maelstrom, UTXO Management, Infinity Ventures Crypto, Builder Capital, RockTree Capital, Relayer Capital, Wise3 Ventures, Veil, Optic Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Global Coin Research, MH Ventures, Revelo Intel, Cogitent Ventures |
| Inflow | Apr 22, 2025 | $1.1m | Pre-Seed | Payments | a payment platform | | | | Gnosis, AllianceDAO, Plug and Play, Stake Capital, Rockstart |
| Neptune Protocol | Dec 10, 2024 | $3.9m | Seed | DeFi | Neptune Protocol is a decentralized borrowing platform native to the Eclipse ecosystem, powered by the Solana Virtual Machine (SVM) | | | | Animoca Brands, CMS Holdings, Maelstrom, Infinity Ventures Crypto, Builder Capital, Bloccelerate, Wise3 Ventures, RockTree Capital, Veil, Stake Capital, Optic Capital, Relayer Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Cogitent Ventures, Global Coin Research, Revelo Intel, MH Ventures, Meltem Demirors |
| Magma | Oct 30, 2024 | $3.9m | Seed | DeFi | Liquid staking on Monad and restaking with Ether | | | | Bloccelerate, Animoca Brands, CMS Holdings, Maelstrom, Builder Capital, Veil, Infinity Ventures Crypto, Wise3 Ventures, RockTree Capital, Stake Capital, Relayer Capital |
| Fluid Protocol | Oct 23, 2024 | $3.9m | Seed | DeFi | Fluid Protocol's $USDF is the native decentralized stablecoin for Fuel Network | | | | Animoca Brands, CMS Holdings, Bloccelerate, Infinity Ventures Crypto, Maelstrom, Builder Capital, RockTree Capital, Wise3 Capital, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen Capital, Zephyrus Capital, Global Coin Research |
| Karpatkey | Oct 22, 2024 | $7m | | DAO infrastructure | karpatkey, a leading provider of onchain treasury management solutions for DAOs and financial institutions | | | | AppWorks, Wintermute Ventures, Borderless Capital, Thanefield Capital, Stake Capital, Saison Capital, Zeal Capital, G20 Ventures, Stani Kulechov, Mark Zeller |
| Fhenix | Jun 4, 2024 | $15m | Series A | L2 | confidential blockchain powered by fully homomorphic encryption (FHE) | | | | Hack VC, Collider, Gate Ventures, Amber Group, Foresight Ventures, WAGMI Ventures, Primitive Ventures, dao5, NGC Ventures, Panga Capital, Stake Capital, Protagonist, GSR, Sudo Research |
| Centrifuge | Apr 17, 2024 | $15m | Series A | DeFi | unchain fund management platform | ParaFi Capital, Greenfield Capital | | | Edessa Capital, Scytale, ProtoCap, Bloccelerate, Gnosis, Skynet Trading, Stake Capital, Borderless Capital, IOSG Ventures, Spartan Capital, TRGC, Circle Ventures, RE7Capital, Modular Capital, Wintermute Ventures, Stefan George, Lyuben Belov |
| Zama | Mar 7, 2024 | $73m | Series A | Privacy Infrastructure | open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and A | Multicoin Capital, Protocol Labs | | | Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, Juan Benet, Anatoly Yakovenko, Gavin Wood |
| Rio Network | Dec 18, 2023 | | Seed | | Liquid Restaking Network | Polychain Capital, Blockchain Capital, Breyer Capital | | | Archetype, Blockchain Coinvestors, Coinbase Ventures, Chorus One Ventures, Coinsummer, Fenbushi Capital, Finality Capital Partners, Hack VC, Hash3, Hashkey Capital, Maelstrom, Mirana Ventures, NGC Ventures, Proofgroup, Reciprocal Ventures, Robot Ventures, Rubik Ventures, SNZ Holding, Stake Capital, Tangent, Alex Crowe, Amman Bhasin, Brian Tubergen, Clayton Menzel, David Gan, Eric Wall, Jai Bhavnani, James Prestwich, Jason Yanowitz, John Adler, John Zettler, Ken O'Friel, Matt Jobbe Duval, Matt Luongo, Michael Ippolito, Mike Neuder, Mirko Schmiedl, Mustafa Yilham, Pranay Mohan, Rob Witoff, Smokey, Will Wolf, Xinsu Dong |
| Only Dust | Sep 15, 2023 | $3m | Seed | Web3 | coordination of open source contributions across Web3 | Fabric Ventures | | | Sam Benyakoub, Frst, Ergodic Capital, Stake Capital, Tim Beiko, Anthony Sassano, dcbuilder.eth, Nicolas Bacca, Benjamin Flores |
| Ondefy | Jan 3, 2023 | $1m | | | DeFi Superapp | | | | AngelDAO, Paraswap, Stacker Ventures, Caballeros Capital, White Loop Capital, Cryptoast, YellowSpoon, Tenzor Capital, Stake Capital, HyperGrowth |
| Earn Alliance | Dec 8, 2022 | $4.75m | Seed | NFT | Web3 gaming guild | CoinFund, Fabric Ventures | | | Blockchain Coinvestors, Animoca Brands, Stake Capital, Athena Ventures, NLS Ventures, Mad World Ventures, Guild Alliance |
| Eterlast | Nov 8, 2022 | $4.5m | Seed | Gaming | NFT studio | Supernode Global | | | Play Ventures, Active Partners, Founders Factory, Stake Capital, Immutable X |
| Bluejay Finance | Jul 21, 2022 | $2.9m | | | multi-currency stablecoin protocol | Zee Prime, C2 Ventures, Stake Capital, RNR Capital, Daedalus, Moonlanding Ventures, Oval Ventures | | | Ribbon Finance, Flux, Voltz, Alpha Venture Dao |
