Last week, there were 16 public financing events in the crypto market, with a total financing of approximately US$83.8 million | Investment and Financing Weekly
Reprinted from chaincatcher
05/19/2025·21DCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from May 12 to May 18, 2025, there were 16 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$83.8 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and DeFi tracks. Popular projects include Solana Eco-Multi-Signature Agreement Squads , Layer0 Hub Network , on-chain liquidity allocation protocol Turtle Club , and decentralized perpetual futures exchange Perpl.
In addition, Solana-based ticketing platform XP completed a $6.2 million seed round led by Blockchange, with L1D and Reflexive participating.
1. Infrastructure
Blockchain development platform Alchemy acquires Solana infrastructure service provider DexterLab
According to The Block, blockchain development platform Alchemy recently announced the acquisition of Solana infrastructure provider DexterLab to expand its enterprise-level service capabilities in the Solana ecosystem. DexterLab provides Web3 data monitoring services to organizations such as Google, Chainstack and the Solana Foundation, including solutions such as raw data APIs and real-time data flows.
The Alchemy Engineering Head said that the acquisition will integrate the technical resources of both parties and improve the infrastructure scale and innovation speed of the Solana ecosystem. As applications such as Pump.fun drive Solana's ecological activity to rise, its virtual machine network generates about 1TB of data per day, posing a challenge to traditional RPC services.
The terms of the transaction are not disclosed. Alchemy previously mainly served Ethereum and EVM compatible chains, and the acquisition marks an important step towards its multi-chain strategy.
Solana Eco Multi-Sign Agreement Squads received strategic investment from Haun Ventures
According to Blockworks, Solana Eco-Multi-signature Agreement Squads announced that it had obtained a strategic investment from Haun Ventures, and the specific amount has not been disclosed yet.
In addition, Squads also announced the upcoming launch of Altitude, a stablecoin native account, which allows companies to open and inject dollar accounts without relying on traditional banks or U.S. entities.
According to official news, SpaceComputer , a blockchain verification layer based on satellite technology, announced the completion of Pre-seed financing, led by Primitive. Participants include nascentxyz, tangent_xyz, symbolicvc, publicworksfm, Merkle Ventures and Star-Shield, as well as many angel investors, such as loi_luu, Polygon co-founder and Melt_Dem, etc., also participated in this round of financing. The specific amount of this financing has not been disclosed yet.
SpaceComputer is using satellites to build an encryption system that resists physical destruction and cyberattacks. It has launched its first product ctRNG to generate true random numbers using space entropy.
According to Blockworks, blockchain cloud computing company Nirvana Labs completed a $6 million seed expansion round, led by Jump Crypto and Crucible Capital, with RW3 Ventures, Castle Island and Hash3 VC participating, bringing its total financing to $11.8 million.
The company provides computing services tailored for the encryption field. Unlike traditional cloud service providers that concentrate computing resources, Nirvana uses bare metal infrastructure, and each server serves only one client. Nirvana has served infrastructure providers such as BitGo and Fireblocks, as well as agreement foundations such as Avalanche and Berachain. Nirvana also plans to serve as a front-end service to help organizations deploy on Internet filtering startup DoubleZero.
According to Bitcoin Magazine, the European listed company The Blockchain Group (ALTBG) completed two rounds of financing of over 22 million euros in one week. It raised 9.9 million euros through equity financing on May 9, with an issue price of 61.7% higher than the average price of the 20-day. Participants include Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, the 12.1 million euro Bitcoin-denominated convertible bonds were issued through its Luxembourg subsidiary, which was fully subscribed by Blockstream CEO Adam Back, and the issue price was 30% premium to the first batch of conversion prices.
The funds will be used to strengthen Bitcoin holdings and develop subsidiary businesses such as data intelligence and AI. As a core member of the “Bitcoin For Corporates”, the company explores Bitcoin-centric capital architecture innovations, including Bitcoin-denominated bonds and hard asset reserve strategies.
According to Bitcoin.com, Layer0 hub network Openverse Network announced that it has completed a US$11 million strategic round of financing, with Castrum Capital, TB Ventures, DuckDAO, Asva Capital and other institutions participating in the investment.
The new funds are intended to accelerate its ecosystem development around the world, including ecological construction, encourage more developers and partners to join, and jointly build a more open and interconnected value network.
2. DeFi
According to Chainwire, DeFi strategy management platform XSY.fi announced that it had completed a $5 million Pre-A round of financing, led by Borderless Capital and Protagonist, with Paper Ventures, Chainview Capital, Avalanche Blizzard Fund, Sonic Boom Ventures and others participating.
In addition, XSY.fi also announced the launch of digital synthetic USD Unity (UTY) on the Avalanche blockchain, aiming to improve the liquidity and capital efficiency of the blockchain ecosystem.
DEX Aggregator 0x acquires competitor Flood
According to CoinDesk, decentralized trading platform infrastructure company 0x announced the acquisition of competitor Flood, the acquisition is the first acquisition by 0x since its establishment in 2017. 0x The spokesperson refused to disclose the specific amount of Flood acquisition on the grounds of contractual obligations.
According to official news, crypto financial services company Anchorage Digital announced that it will enter the stablecoin business through the acquisition of Mountain Protocol. As part of the acquisition, Mountain Protocol will begin orderly termination of the USDM project.
On-chain liquidity distribution agreement Turtle Club announced today that it had completed a $6.2 million seed round of financing led by THEIA, with Susquehanna, Consensys and Ethereum co-founder Joseph Lubin.
3. DEX
According to Blockworks, Perpl, a decentralized perpetual futures exchange, announced a $9.25 million financing, led by Dragonfly, and Ergonia, Brevan Howard, Breed, L1D and CMS participated.
The project will build an on-chain central limit order book on the Monad blockchain, with a test network scheduled to be launched by the end of 2025.
4. Others
CoinDesk reports that the UK-based listed blockchain company Coinsilium Group (stock code: AQSE) has announced a £1.25 million financing to establish a Bitcoin financial plan. Coinsilium shares hit a record high of 14 million shares on Friday. The current share price is £4.10, up 24% in the past 24 hours. The company's consultant is CoinDesk analyst James Van Straten.
Solana 's eco-ticketing platform XP completes a seed round of $6.2 million, led by Blockchange
Solana-based ticketing platform XP completed a $6.2 million seed round of financing led by Blockchange and participated by L1D and Reflexive.
According to reports, the platform encrypts ticket codes as NFTs, allowing users to use USDC to pay by connecting to encrypted wallets.
Founder Mike Saunders revealed that the platform will soon launch the user's independent listing and resale function, and plans to provide fans with exclusive rewards and experiences through blockchain technology. Although the platform uses Solana technology at the bottom, the official website hardly mentions encryption elements, and the founder has not made it clear whether to issue tokens.
According to CoinDesk, blockchain ticketing platform KYD Labs announced the completion of a $7 million seed round of financing, led by a16z Crypto.
KYD Labs aims to allow artists and venues to control ticket sales, fan data and revenue to address the issue of lost revenue, built on Solana, the platform allows fans to quickly purchase tickets and plans to expand to more than 100 venues in the U.S. by 2026.
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