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【1】HMX
Amount: Undisclosed
Stages: Strategic financing
Date: May 27
Investors: Finlink Capital, 99 Capital, Rise Capital
Category: DeFi, Derivatives, Perpetual Contracts
Description: HMX is a Decentralized Perpetual & Spot Exchange operating on Polygon. Users can open up to 88x leveraged long or short positions on the platform with no slippage. They can also become market makers for traders at HMX by depositing eligible assets into the PLP fund, which serves as the liquidity for both leveraged and spot traders at HMX.
Website：https://hmx.org/
【2】Switchboard
Amount: $7.5 million
Stages: Series A
Date: May 28
Investors: Tribe Capital, RockawayX, Bixin Ventures, Sui / Mysten Labs, Lemniscap, InfStones, Ascensive Assets, OtterSec, Blockbuilders, Breed VC, Mert Mumtaz, Joe McCann, Rooter, Danish Chaudhry, Jezerc Jack Begaj, Jack C. Liu, Brian Long, Geoff Renaud
Category: Infrastructure, Oracle
Description: Switchboard is a permissionless, customizable, multi-chain oracle protocol for general-purpose data feeds and verifiable randomness. It enables anyone to push any form of data, regardless of type, providing a one-stop shop for users and helping to power the next generation of decentralized applications.
Additions: Switchboard raised $ 3.5 M in Seed round on June 17, 2021
Website：https://switchboard.xyz/
X：https://x.com/switchboardxyz
【3】Anzen
Amount: $4 million
Stages: Series A
Date: May 28
Investors: Mechanism Capital, Infinity Ventures Crypto, Circle Ventures, Frax Finance, Arca, Heartland Capital, M31 Capital, Palm Drive Capital, Kraynos Capital
Category: DeFi, lending, RWA
Description: Anzen is a decentralized lending platform built by a team of credit investment experts to bring stability to the DeFi space and enable more use cases for stablecoins. Users can lend on the platform to earn yield backed by Real World Assets (RWA). Loans are collateralized with secure, tangible, and value-accruing assets — offering lenders a predictable income stream tied to the performance of RWA.
Website：https://anzen.finance/
X：https://x.com/switchboardxyz
【4】OpenSocial
Amount: $5 million
Stages: Seed round
Date: May 28
Investors: SNZ Holding, Portal Ventures, OKX Ventures, Animoca Brands, OrangeDAO, Arche Fund, Moonrock Capital, PANONY, Awesome People Ventures, Decima, Summer Ventures, Brian Fabian Crain, Mike Dudas, Roham Gharegozlou, Mable Jiang, Smokey, Serge Kassardjian, Don Ho, Martin El-Khouri, Adam Jin, Jason Yano Yano
Category: Social, Infrastructure
Description: OpenSocial is a Multi-chain SocialFi infrastructure that offer truly scalable and composable protocol for web3 users, creators and developers, powering the future multi-chain SocialFi ecosystem.
Website：https://www.opensocial.co/
X：https://x.com/OpenSocialLabs
【5】Parasail
Amount: $4 million
Stages: Seed round
Date: May 28
Investors: Protocol Labs, MH Ventures, Fenbushi Capital, Foresight Ventures, Waterdrip Capital, DWF Labs, D11 Labs, Bitrise Capital, Modular Capital, Faculty Group, AGE Crypto, EV3
Category: Restaking, DeFi, DePIN
Description: Repl is a repledging Protocol for pledged DePIN assets. It aims to enhance the efficiency of locked DePIN tokens, remove idiosyncratic risks among DePIN service providers, and lower the complexity for people to earn DePIN protocol rewards.
Website：https://www.parasail.network/
X：https://x.com/parasailnetwork
【6】GaiaNet
Amount: $10 million
Stages: Seed round
Date: May 28
Investors: Mirana Ventures, Mantle Network, EVM Capital, Lex Sokolin, Brian Johnson
Category: Infrastructure, DePIN, Artificial Intelligence
Description: GaiaNet is a decentralized network that provides secure, censorship-resistant, and monetizable AI agents that incorporate each individual’s proprietary knowledge and skills while preserving privacy. Instead of setting up centralized servers, GaiaNet is building a distributed network of edge-computing nodes controlled by individuals and businesses, to host fine-tuned AI models, based on the node operator’s proprietary domain knowledge and expertise.
Website：https://www.gaianet.ai/
【7】Coinflow
Amount: $2.25 million
Stages: Seed round
Date: May 28
Investors: CMT Digital, DCG, Reciprocal Ventures, Jump Crypto, Draper Dragon, Mert Mumtaz, Roneil Rumburg, Bartosz Lipiński, Forrest Browning, Naveen Jain , Blocktech Ventures, WhiskyTitan, @CryptonomiKhan, @gizmothegizzer
Category: Payments
Description: Coinflow is a payment solution that allows web3 companies to accept traditional payment methods and pay out their customers in USD to their traditional bank accounts, from cryptocurrency. The primary use-case of Coinflow is to help games, NFT projects, wallets, and similar web3 products onboard non-crypto-native customers with familiar, more traditional payment flows, while Coinflow takes care of all the infrastructure behind the scenes.
Additions: Coinflow raised $ 1.45 M in Seed round on April 19, 2023
Website：https://coinflow.cash/
LinkedIn：https://www.linkedin.com/company/coinflow-labs
About TrendX
TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.
Website： https://app.trendx.tech/
Twitter： https://twitter.com/TrendX_tech