Last week, there were 15 public financing incidents in the crypto market, with a total financing of approximately US$95.24 million | Investment and Financing Weekly
Reprinted from chaincatcher
03/31/2025·1MOrganized: Darren, RootData
According to incomplete statistics from RootData, from March 24 to March 30, 2025, there were 15 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$95.24 million.
In the past week, representative projects in many sub-sectors of the crypto industry have completed a new round of financing, demonstrating capital's continued confidence in the innovation narrative. From Tabit Insurance, an insurance platform supported by Bitcoin reserves, to Warlock Labs, which builds transparent order flow systems on-chain, to AI-powered Agent application platforms Capx and Solana restaking protocol Fragmetric, projects are trying to expand the boundaries of Web3 in infrastructure, application layers, chain games, NFT and AI. This article will sort out the crypto financing trends worth paying attention to this week and capture the budding signals of new trends.
(The list of projects raised last week, data source: Rootdata )
1. DEFI
According to CoinDesk, Tabit Insurance, a licensed insurance company in Barbados, founded by a former executive of the closed crypto exchange Bittrex, completed a $40 million Bitcoin reserve financing to support the development of traditional insurance and reinsurance businesses.
Tabit holds a Class II insurance license issued by the Barbados Financial Services Commission and launched a US dollar-denominated company directors and executive liability insurance (D&O) in January this year. The company is the first regulated insurance institution to rely solely on Bitcoin reserves to underwrite traditional dollar-denominated insurance.
Tabit's reserve system uses Fireblocks' unmanaged technology to build a separate account structure, allowing Bitcoin holders to inject assets with an annualized rate of return of about 10%. Company CEO Stephen Stonberg said that Bitcoin, as a new source of capital for the insurance industry, will help promote innovation in the asset-liability structure of the insurance industry.
According to CoinDesk, Warlock Labs, an crypto startup focusing on transparent processing of on-chain order flow, completed a $8 million financing, with investors including Polychain Capital, Reciprocal Ventures, Greenfield Capital, Symbolic Capital, Ambush Capital and TRGC. This round of funds will be used to expand the development and application of its on-chain transaction infrastructure.
Founded by Grug, anonymous trader in the crypto circle, Warlock Labs is committed to building an on-chain order flow processing system with a zero-knowledge proof mechanism to ensure that the orders submitted to the platform have not been tampered with and improve transaction transparency and fairness. Grug said the order flow itself has become a source of “alpha” and the ability to “prove that order flow is not abused” will become a new competitive advantage.
The company plans to focus on order flow processing on chains such as Ethereum, but it also intends to expand to market-making business on centralized exchanges (CEX). Grug gave an example that Binance had previously caused controversy over a market maker's suspected manipulation of MOVE token trading, indicating that the market urgently needs a more transparent and trustworthy order flow solution.
Warlock Labs regards Wintermute as its main competitor and emphasizes its own potential for "venture scale".
According to official news, Solana's ecological re-staking agreement Fragmetric completed a US$5 million strategic financing, led by Rockaway Capital, with Robot Ventures, Amber Group, Hypersphere and BitGo participating.
The round of financing is said to be just one month away from its $7 million seed round, bringing Fragmetric's cumulative financing to $12 million. The financing will be used to expand fragAsset to further advance its mission to build a reliable and innovative re-staking platform.
According to Web3 asset data platform RootData, [Fragmetric](https://www.rootdata.com/zh/Projects/detail/Fragmetric?k=MTM5ODg= "Solana Liquidity Re-Pledge Agreement") is Solana's native liquid re-staking protocol, with its vision to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively implements NCN reward allocation. In addition, Fragmetric has designed a practical solution, a standardized token plan, to leverage various LSTs in the restake platform. Fragmetric’s mission is to build a secure, transparent and efficient restaking infrastructure that empowers and supports the stability of the Solana restaking ecosystem.
Magpie Protocol completed $1.6 million financing through IDO
According to official news, DeFi project Magpie successfully completed a financing of more than US$1.6 million on the @FjordFoundry platform, with more than 800 participants supporting the financing, becoming a highly anticipated community crowdfunding event.
The project party expressed gratitude to all participants, partners and @SonicEcosystem, and said that this is just the beginning, and more follow-up updates about Magpie and its native token $FLY will be announced soon.
Officially said, "Fit your seat belt, Anon, we've just taken off."
2. Infrastructure
Cross-border remittance application Abound completed a $14 million financing, led by NEAR Foundation
According to TechCrunch, Abound, a remittance platform incubated by Indian media group Times Internet, completed a $14 million seed round of financing, with investors including NEAR Foundation, Circle Ventures, Times Internet and other investors. This round of financing will be used for business expansion, product upgrades and technical infrastructure construction.
Originally named Times Club, Abound was independent from Times Internet in 2023 and mainly serves Indian immigrant users in the United States. Users can send money to India through their mobile apps and receive cashbacks and rewards for spending on watching sports events, buying groceries and subscribing to streaming. In the future, the platform also plans to launch services such as high-yield savings, investment opportunities for India and cross-border credit.
Company CEO Nishkaam Mehta, former head of mobile growth at Hulu, said that the average annual income of Indian-American households is about $150,000, far higher than the national average, but this group is still seriously overlooked in terms of financial services.
Currently, Abound has more than 500,000 monthly active transaction users, and has processed a total of more than US$150 million in remittances, and its revenue has increased by 50% month-on-month. Its revenue mainly comes from exchange rate spreads and advertising monetization. Mehta said that with traffic and advertising resources from Times of India, Abound has an advantage in customer acquisition costs.
Abound currently has about 40 employees, mainly in India. It plans to expand its US team and enter the population agglomeration market of NRI (non-resident Indians) such as Canada, Singapore and the UAE. The focus will continue to deepen its US market in the near future.
Ethereum oracle protocol Chronicle completes a seed round of $12 million, led by Strobe
According to Blockworks, Ethereum's first oracle protocol, Chronicle, completed a $12 million seed round of financing, led by Strobe (formerly Blocktower Venture Capital), and participated by Brevan Howard, 6th Man Ventures and others.
Kunkel said the round of financing will be used for product development and research development. He believes that in the next 12 to 18 months, as financial institutions increase their interest in real-world assets, a large number of related products will be launched, and Chronicle is in a favorable position as the exclusive oracle of Sky tokenized assets.
According to Web3 asset data platform RootData, [Chronicle Protocol](https://www.rootdata.com/zh/Projects/detail/Chronicle%20Protocol?k=OTE2NA== "Decentralized oracle solutions") is a decentralized oracle solution that has received more than $10 billion in collateral since 2017. The project is continuing to protect MakerDAO while building independent brands and business propositions and building a fully verifiable, cost-effective, scalable and decentralized Oracle.
According to Decrypt, DeCharge , a new generation of electric vehicle charging network platform, announced a $2.5 million seed round . This round was led by Lemniscap. Participants include Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser, Chainyoda Jedis, Levitate Labs, as well as many well-known angel investors from Bonk, Solana, DripHaus, Spherelabs, DeSights AI, Linera and other projects.
DeCharge is building a decentralized, AI-powered EV energy network that provides efficient and intelligent energy recharge for electric vehicles, fleets, robots and future autonomous driving devices through ultra-high-speed DC fast charging station VoltBox and distributed DeCharge Beast chargers.
At present, on average, every 33 electric vehicles in the world only corresponds to one charging pile, and the supply and demand are seriously unbalanced. DeCharge not only improves user experience through AI dynamic pricing and intelligent path planning system, but also effectively alleviates grid load and charging congestion. At the same time, its community-driven licenseless deployment model allows anyone to become a charging pile operator and obtain diversified benefits such as advertising, diesels and commercial leasing.
This round of financing will be used to accelerate DeCharge's expansion in the United States, Europe, the Middle East and emerging markets, with a target of deploying more than 3,000 sites . Future plans also include the launch of DeCharge Energy Marketplace , a fully tokenized energy trading platform, and encourage users, fleets and charging pile owners to participate in the construction of a decentralized energy ecosystem through incentive mechanisms.
DeCharge co-founder Dr. Prakash Kamaraj said this round of financing will help it integrate renewable energy and create an "efficient, smart, future-oriented" EV charging network. CEO Mohan Kuldeep Ponnada added that DeCharge is committed to building a new infrastructure for mobility and energy that is “electric, decentralized, autonomous, community-driven”.
According to ChainCatcher, Confidential Computing Network Arcium announced the completion of an angel round of financing, with investors covering multiple areas, including some community fundraising through echo.
The total financing amount currently reaches US$11 million. Jupiter Lianchuang Meow, MegaETH founding team members namik, Jupiter Lianchuang Siong and others participated in the investment.
According to Web3 asset data platform RootData, [Arcium](https://www.rootdata.com/zh/Projects/detail/Arcium?k=NDcwOQ== "Parallel Trusted Computing Network") is a parallel trusted computing network. It provides developers and applications with a trustless, verifiable and efficient framework to run trusted computing. Arcium aims to bring credibility to every on-chain application and become a global computing network for the decentralized Internet. The Multi-Party Computing Execution Environment (MXE) is the backbone of the Arcium network. They combine multi-party computing (MPC), complete homomorphic encryption (FHE), zero-knowledge proof (ZKP), etc. to implement encrypted computing.
Skate completes $1 million in community funding
According to official news, Skate announced that it had completed an oversubscribed community round of financing on the @legiondotcc platform, successfully raising more than US$1 million , attracting a total of 592 new community members (Skaters) to participate in support.
Skate is a common application layer that enables applications to run on thousands of chains with a single state. Any new blockchain can be easily connected to Skate, and users and developers only need to interact with Skate separately to instantly access individual networks and have unified liquidity.
According to ChainCatcher, MemeCore, a blockchain platform focusing on meme coins and decentralized innovation, has completed a token round of financing, with Waterdrip Capital, CatcherVC and IBC Group participating. This financing marks an important step forward for MemeCore in building an ecosystem and integrating blockchain technology and meme culture.
In addition to investment, MemeCore will further collaborate with Waterdrip Capital, CatcherVC and IBC Group to explore potential strategic partnerships. These collaborations may include ecosystem expansion plans, joint development of blockchain infrastructure, and partnerships with three institutionally rich portfolio projects. With the professional resources and industry influence of these investment institutions, MemeCore aims to enhance the practicality of the ecosystem, strengthen market positioning, and promote widespread adoption in the Web3 sector.
“MemeCore is committed to creating a decentralized 'playground' that empowers meme community and blockchain projects. The support of Waterdrip Capital, CatcherVC and IBC Group is not only a recognition of our vision, but also provides us with strategic guidance and industry resources to help us accelerate our growth. We look forward to working closely with new partners to promote meaningful innovation and create long-term value for our ecosystem.
According to official news, Supra announced the formal acquisition of blockchain data tool platform Blockpour and comprehensively reshape it into a new brand OpenBlocks.ai , jointly opening a new development stage with AI-driven and cross-chain interoperability as the core.
Supra is the first Layer 1 blockchain to achieve vertical integration, with built-in oracle, verified random functions (dVRF), cross-chain communication and automation capabilities, and has built a coordinated execution architecture called "IntraLayer". This acquisition integrates Blockpour's powerful on-chain data and tools into the Supra ecosystem, accelerating the creation of a cross-chain future that supports AI Agent.
The new brand OpenBlocks.ai will continue Blockpour's on-chain data service and introduce an AI Agent suite based on Supra IntraLayer, allowing users to perform complex cross-chain operations through a simple interface. AI Agent will ensure that transactions are safe, efficient and controllable through preset vaults and security functions.
The acquisition was jointly promoted by Supra and Blockpour's early investor BCW Group, aiming to enhance the user experience and promote the intelligence and automation of Web3. "By working with Supra, we will completely simplify the blockchain transaction process so that ordinary users can easily use cross-chain technology and AI capabilities," said Brayden Abick, CEO of OpenBlocks.ai.
"This merger and acquisition not only enhances our technical capabilities, but will also push the user experience of the entire blockchain ecosystem to a new level," said Joshua Tobkin, co-founder and CEO of Supra.
This move marks the fact that Supra and OpenBlocks are teaming up to build an intelligent, automated, and seamless on-chain collaboration across chains .
3. Game
Tarta Labs completes $4.5 million Pre-Seed financing, led by BITKRAFT Ventures
According to official news, Tarta Labs announced a $4.5 million Pre-seed round of financing, led by BITKRAFT Ventures, followed by The Spartan Group, IVC, HashKey Capital and Gam3Girl Ventures.
It is reported that this round of financing will be used for the development and ecological construction of the first 3D 2D ARPG game "Spot Zero" that its game studio Tarta Games is developing.
Previously, Tarta Labs has received million-dollar Grants support from Arbitrum and Mantle. In addition to game research and development, Tarta Labs is also establishing a new two-dimensional IP ecosystem through AI creation, interactive gameplay, decentralized content ownership and shared royalties.
According to official news from Planetarium Labs, its flagship chain game project "Immortal Rising 2" announced that it had completed a US$3 million financing and successfully ended its limited edition NFT sales before the Token Generation Event (TGE). This round of financing was participated by Web3 investment institutions such as Spartan Group, Immutable, MARBLEX, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures and other Web3 investment institutions and many angel investors.
"Immortal Rising 2" was developed by Busy Beans Studio. It is a mobile blockchain game with integrated Web3 mechanism. The global download volume has exceeded 8.8 million . With its strong interactive gameplay and digital asset ownership design, it shows a good product market compatibility (PMF).
Immutable co-founder Robbie Ferguson said that the game combines three major advantages: "Asian market", "mobile platform" and "Web3 incentive mechanism", and is expected to achieve further expansion with the support of Immutable zkEVM and Immutable Play platforms.
In addition, the game's recent Immortal Statue NFT limited release event has received enthusiastic responses, and NFT holders can obtain exclusive game rights, airdrop rewards and community reputation. In the previous "Play-to-Airdrop" event, more than 9 million SBTs (SoulBound Tokens) have been collected by players through daily tasks.
"Immortal Rising 2" will usher in TGE on March 27, officially launching the game economy and governance module, marking a new stage in its decentralized game narrative. More TGE information can be obtained through its official X (Twitter) and Discord.
4. AI
AI agent project Capx AI completed a seed round of $3.14 million, led by Manifold and others
According to Sharvil Malik, a member of Capx team, the AI native project Capx announced that it has completed a $3.14 million seed round of financing , committed to building an integrated ecosystem that supports the construction of AI Agent applications, ownership and transactions. This round of financing will help Capx promote the integration of AI-driven personal entrepreneurship and on-chain capital mechanisms.
Capx believes that as AI's ability to coordinate labor, capital and execution is enhanced, it will be an individual developer and "vibe coder" who can use AI to build a "1-3 billion-dollar company" in the future. The key link that is missing at present is the capital formation, ownership and governance framework that supports the AI system.
Capx is building an AI builder economic ecosystem with several of its products:
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Capx Super App : It has attracted more than 600,000 users
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Capx Chain (Test Network) : 37 million transactions processed
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Capx Cloud : AI Agent infrastructure backed by $250 million restaked assets
The team said that with the emergence of early product market fit (PMF), they will continue to increase their investment in building a revenue-oriented application ecosystem with AI Agent as the core and driven by on-chain capital.
V. NFT
BONK announces acquisition of Exchange Art, art market platform
According to official news, Solana Ecological Meme project BONK announced the official acquisition of the NFT art trading platform @exchgART (Exchange Art) , aiming to "protect and enhance the culture of art creation, collection and appreciation on the chain."
This acquisition is another important measure by BONK to promote the economic development of creators and support ecological construction. Art photographer @JTLissPhotoArt will lead a brand new team to take over Exchange Art, focusing on the long-term development of the platform and the prosperity of the artist community.
The platform transition has officially started. The team said that it will gradually complete the connection between technology and operations and will announce more details in the future. BONK said they hope to build Exchange Art into a truly on-chain market “built by artists for artists.”
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