23 projects raised $637.9 million in IREN received $450 million in investment

Compiled by: Golden Finance

A total of 23 blockchain startups raised funds this week, with a total amount of US$637.9 million.

The biggest financing this week

IREN (formerly Iris Energy) raised $450 million in a private equity round, which investors did not disclose.

Iris Energy (IREN) is a leading next-generation data center enterprise that uses 100% renewable energy to power Bitcoin mining, artificial intelligence and other businesses. The company is headquartered in Australia and aims to increase its computing power to 30 EH/s by 2025, expand its data center capacity to 510 MW, and plans to further expand and carry out energy monetization-related activities.

Pre-Seed and Seed phase financing rounds

Yupp raised $33 million in a seed round, with investors including Andreessen Horowitz (a16z crypto)*, Coinbase Ventures, Kunal Shah and Gokul Rajaram.

Yupp is a consumer-oriented AI model discovery and evaluation platform that allows users to explore and compare the latest AI models for free. It uses crowdsourcing methods to perform model evaluation: users submit prompt words, compare answers generated by multiple AIs, and select the best one. These digitally signed preference data will be used for post-training and evaluation of AI.

Noah raised $22 million in a seed round, with investors including LocalGlobe*, Felix Capital, FJ Labs, Joe Lonsdale and David Helgason.

Noah is a stablecoin-based cross-border payment platform and crypto wallet for both business and individual users. It supports global transactions covering more than 120 local currencies, Bitcoin and stablecoins, and has enterprise- level compliance and real-time settlement capabilities. Noah provides a unified payment API (covering card, bank transfer, mobile payment), KYC/AML tools, fast liquidity solutions, and a custodial checkout experience. Its partnership with Circle integrates USDC to support seamless processing of wages, remittances and corporate payments in decentralized and traditional financial systems.

Silhouette raised $3 million in a Pre-Seed round of financing, with investors including RockawayX*, Amber Group, Hivemind, No Limit Holdings (NLH), Protagonist, NGC Ventures and Echo.

Silhouette is a privacy-focused decentralized transaction protocol that integrates with the Hyperliquid ecosystem. It implements confidential execution of multiple order types (such as redemption, inquiry, auction) through a trusted execution environment (TEE), protecting users from frontrunning and MEV attacks. This protocol inherits the native performance and liquidity of Hyperliquid, and introduces an encrypted execution layer to ensure traders' anonymity and execution integrity.

NuConstruct raised $6 million in a seed round, with investors including Cyber ​​Fund*, Maven 11 Capital, Greenfield Capital, Digital Currency Group (DCG) and Eden Block.

NuConstruct is a crypto infrastructure company that provides a trustless on- chain order flow execution layer, serving users, traders, dApps, and enterprises. The company is building a middleware solution called TOOL (Trustless Order Flow Operation Layer), which uses Intel TDX-enabled TEE technology to divide each 12-second Ethereum block into small rounds in one second, thereby enabling sealed bidding auctions and providing ultra-fast, private, and anti-snatch transaction execution.

Orange Cap Games (Vibes) raised $3.5 million in a seed round, with investors including 1kx*, Yuga Labs*, Bing Ventures and Infinity Ventures Crypto (IVC).

Vibes is a trading card game that combines numbers and entities developed by Orange Cap Games, which revolves around Pudgy Penguins IP. It combines physical collections with digital games to bring a unique experience to card enthusiasts. Players can collect, trade and interact cards between entities and digital platforms to create an immersive gaming environment that combines traditional and modern elements.

Other financing rounds

Hyperion received undisclosed amounts in a strategic round of financing, including OKX Ventures (formerly OKEx Blockdream Ventures), Aptos Labs, Maelstrom and Mirana Ventures.
Hyperion is a full-chain hybrid order book and automatic market makers (Orderbook-AMM) decentralized exchange (DEX) built on the Aptos network, combining high throughput and low latency, providing a smooth trading experience for professional and retail traders. It is committed to becoming the core trading engine on Aptos, providing competitive liquidity and advanced market infrastructure.

Stable received undisclosed amounts in a round of financing, with the investor being Gabriel Abed.
Stable is a first-layer blockchain designed for stablecoin native applications, using USDT (Tether) as Gas token. It supports zero-fee peer-to- peer USDT transfers and allows direct operation of stablecoin smart contracts. Through the USDT0 mechanism, the USDT cross-chain transfer without cross-chain bridge is achieved. The platform also supports Gas-free use, built-in fiat currency entrance and enterprise-level throughput, focusing on cross-border payments, fund management, foreign exchange and institutional-level scenarios.

Hey Anon received $144,000 in a round of financing, invested by Sonic Innovator Fund.
Hey Anon is an on-chain AI-powered DeFi assistant that simplifies complex DeFi operation processes through natural language conversations. Users can bridge, exchange, pledge and lend across chains, while obtaining real-time information on project dynamics, prices and community sentiment. It integrates Twitter, Telegram, Discord, GitHub and Gitbook data to build actionable intelligent analytics. Relying on the high-speed features of the Sonic ecosystem, Hey Anon provides real-time execution and AI-assisted transaction interface (HUD).

World of Dypians received undisclosed amounts in a round of financing, with the investor being Castrum Capital.
World of Dypians is a blockchain-powered meta-universe platform that provides an immersive virtual experience where users can explore, interact and receive rewards. The platform integrates DeFi and NFT elements, allowing players to own assets, conduct transactions and participate in governance, supports a variety of Play-to-Earn gameplay, and promotes community-driven ecological construction.

Soon (Solana Optimistic Network) raised $5 million in a round of funding, with investors including Jump Crypto and Amber Group.
SOON uses Solana virtual machine (SVM) and Sealevel parallel operation mechanisms to improve network performance and security. A decoupled architecture built through Anza's SVM API separates transaction processing units (TPUs) from proof of history (POH), reducing data waste and eliminating redundant voting transactions. SOON Stack can be deployed on any Layer 1 blockchain using ZK fraud proofs, and supports configurable data availability (DA) options such as EigenDA, Avail, Celestia, etc.

Privy was acquired by Stripe in a round of merger and acquisition financing, and the amount was not disclosed.
Privy is a wallet infrastructure platform designed to seamlessly integrate encryption into a variety of applications. Developers can create and manage self-hosted wallets, perform on-chain transactions, and enable blockchain capabilities through a single API. Supports various authentication methods such as email, SMS, and social accounts to improve user guidance experience. Compatible with multiple blockchain networks such as EVM and Solana, and provides features such as Gas sponsorship and portable accounts.

OneBalance raised $20 million in Series A funding, with investors including Cyber ​​Fund*, Blockchain Capital*, Mirana Ventures and L2 Iterative Ventures (L2IV).
OneBalance is a framework for creating and managing "Credible Accounts". This is an extension of existing account types (external accounts, smart accounts, status accounts) to enable trusted commitments without global consensus.

TYB (Try Your Best) raised $11 million in Series A funding, with investors including Offline Ventures*, Strobe Ventures (formerly BlockTower Capital)*, Coinbase Ventures, Castle Island Ventures and Unusual Ventures.
TYB is a Web3 native community reward platform built on Avalanche, helping consumer brands (including beauty, fitness, food, lifestyle, etc.) issue brand NFTs and reward coins. Fans receive rewards through interactive behaviors such as user-generated content, social sharing, product feedback, etc., and exchange for discounts, exclusive permissions and benefits. Integrated with Shopify, TYB supports a token threshold loyalty program without wallet or crypto knowledge.

OpenTrade raised $7 million in a round of financing, with investors including Notion Capital*, Mercury Fund*, AlbionVC, Andreessen Horowitz (a16z crypto) and CMCC Global.
OpenTrade is a DeFi protocol platform that provides institutional-level lending and income products for fintech and institutional investors, supporting the integration of Web2 and Web3 ecosystem. The platform integrates technical infrastructure and compliance operation frameworks, supports liquidity pools for assets such as U.S. Treasury and investment-grade commercial paper, and runs on Ethereum and Polygon to achieve compliant tokenized fixed income products.

Hypernative raised $40 million in Series B financing, with investors including Ten Eleven Ventures*, Ballistic Ventures*, StepStone Group, Boldstart Ventures, IBI Tech Fund and Quantstamp.
Hypernative is a Web3 security platform that provides real-time monitoring and risk management tools to protect blockchain projects from potential threats. Analyzing on-chain and off-chain data through AI and machine learning, detecting more than 200 risk types (including smart contract vulnerabilities, bridged security flaws, and market manipulation behavior), helping developers and organizations take defensive measures before risk increases.

Moongate was acquired by Humanity Protocol in a round of mergers and acquisitions, and the amount was not disclosed.
Moongate is an integrated platform that helps brands and event organizers enhance community interaction with their NFT tickets and membership systems. Its functions include ticketing issuance, membership plans, equity activities and customer data analysis, simplifying the user interaction process before, during and after the event, improving brand loyalty, and enhancing user experience through the seamless integration of blockchain and Web2.

Football Fun received undisclosed amounts in a round of financing, with the investor being 6th Man Ventures (6MV).
Football.Fun is a Web3 fantasy football platform where players' cards are traded like Meme coins. Users can open card packages to form a lineup, participate in competitions, and trade card shares through dynamic AMM markets. The platform supports free experience, invitation-based testing and airdrop incentives.

Mixie was acquired by Zelgor Games in a round of merger and acquisition financing, and the amount was not disclosed.
Mixie is a Web3 native, AI-powered game creation and launch platform, providing code-free tools for beginners and senior developers to create immersive experiences from casual games to the 3D world. Its functions include generative AI asset production, programmatic narrative, token incentives (including staking and Meme coins) and NFT airdrops, and are committed to democratic game development.

Turnkey raised $30 million in Series B financing, with investors including Bain Capital Crypto*, Sequoia Capital, Lightspeed Faction, Galaxy Digital, Variant Fund and Wintermute Ventures.
Turnkey provides a concise API for securely managing private keys. Users can generate hundreds of wallets and sign thousands of cross-chain transactions, support flexible programmable permissions, ensuring that only authorized transactions are signed.

Rise Labs raised $4 million in a strategic round of financing, investing in Galaxy Digital.
RISE is a second-tier platform designed to achieve a blockchain expansion vision of more than 100,000 transactions per second while maintaining Ethereum’s decentralization and security. Its architecture is built in Rust and supports parallel EVM execution, surpassing the current Layer 2 solutions to unlock new possibilities for blockchain applications.

The amount of funds raised by Plasma in a round of public financing has not been disclosed.
Plasma is a high throughput, zero-fee payment platform built on Bitcoin, supporting over 1000 USD₮ transfers per second. Its innovation adopts the Nakamoto PoS consensus mechanism and a hybrid UTXO/account architecture, allowing developers to build modular smart contracts to improve the practicality of Bitcoin in payments and decentralized applications.

Towns Protocol raised $3.3 million in a public funding round.
Towns is a decentralized communication protocol and application that helps the community build, own and govern digital “plazas”. Relying on Ethereum smart contracts, the platform provides end-to-end encrypted messages, decentralized storage (through distributed streaming nodes), and programmable space, supporting access control, monetization and governance. The community can sell group chat access rights, control data ownership, and establish an immutable membership system on-chain.