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【1】Saturn

Amount: $800,000

Stages: Seed round

Date: February 26

Investors: Sora Ventures, CMS Holdings, Joe McCann, Kamran Iqbal, Dillon Healy, Cricket Futures, Silvermine Capital, James McCavity

Category: DeFi, DEX, Bitcoin Ecology

Description: Saturn is a non-custodial peer-to-peer orderbook that bringing fungibility and a new token layer to Bitcoin.

Additons: Saturn raised $ 500 K in Pre-Seed round on November 29, 2023

Website：https://www.saturnbtc.io/

Twitter：https://twitter.com/Saturn_btc

【2】QED Protocol

Amount: $3 million

Stages: Undisclosed

Date: February 27

Investors: Arrington Capital, StarkWare, Draper Dragon, Paper Ventures, Valhalla Capital, Blockchain Builders Fund (BBF), Anagram, Lbk Labs, Edessa Anagram, Lbk Labs, Edessa Capital

Category: Infrastructure, Layer2, zk

Description: QED is Bitcoin’s native execution layer, designed to address the challenges of Web3 development. The horizontally scalable, secure, and user-friendly platform is built for developers and users alike, supporting a wide range of applications from DeFi to NFTs and beyond. Decentralized applications built on QED can locally prove transactions, providing users with unlimited computation for a fixed gas fee. This innovative method ensures that every user’s public key functions as a custom ZK circuit, featuring ‘smart signatures’ that can be read from state, resembling a smart contract.

Website：https://qedprotocol.com/

Twitter：https://twitter.com/QEDProtocol

【3】Ether.Fi

Amount: $23 million

Stages: Undisclosed

Date: February 27

Investors: CoinFund, Bullish

Category: DeFi, LSD

Description: Ether.Fi is a liquid staking protocol that allows stakers to retain control of their keys while delegating staking to node operators and earning rewards. Ethereum stakers who use Ether.Fi are also granted an NFT representation of every validator generated. These NFTs enable the storage of metadata, which Ether.Fi hopes developers will use to create additional staking infrastructure.

Additions: Ether.Fi raised $ 5.3 M in Seed round on February 28, 2023

Website：https://www.ether.fi/

Twitter：https://twitter.com/ether_fi

【4】BuildBear

Amount: $1.9 million

Stages: Undisclosed

Date: February 27

Investors: Superscrypt, Tribe Capital, 1kx, Kris Kaczor, Iterative, Plug-N-Play, Ken Fromm

Category: Infrastructure, Developer Platform

Description: BuildBear is a specialized platform for DApp development and testing, offering developers the ability to create personalized Private Testnet sandboxes across various EVM and EVM-compatible blockchain networks. With features like private faucets for unlimited Native and ERC20 token minting, rapid transactions completing in under 3 seconds, and built-in tools for real-time testing and debugging, BuildBear provides developers with a seamless environment to build and test dApps efficiently.

Website：https://www.buildbear.io/

Twitter：https://twitter.com/\_BuildBear

【5】PlayMakers

Amount: $1.5 million

Stages: Undisclosed

Date: February 27

Investors: RockawayX, Sébastien Borget, Vincent Hart de Keating, Hugues Ouvard

Category: Games, Creator Economy, Gaming Platforms

Description: PlayMakers is a Web3 game UGC platform that aims to turn players in Web3 games into creators. Its white-label platform can tailor content according to the unique characteristics of each game community and tokenize creations, which means it is related to UGC. Approximately 70% of the revenue will go to the studio, while 30% will go to PlayMakers and creators.

Website：https://www.playmakers.co/

Twitter：https://twitter.com/PlayMakersco

【6】Initia

Amount: $7.5 million

Stages: Seed round

Date: February 27

Investors: Delphi Digital, Hack VC, Nascent, Figment Capital, A.Capital, Big Brain Holdings, Cobie, DCF GOD, Fiskantes, Zaheer Ebtikar, Nick White, Smokey, Maghnus Mareneck, WSB Mod, Sawit, @naniXBT, batuX

Category: Infrastructure, Modular Blockchain

Description: Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system. The Initia Platform provides product ready rollups that enables teams to build scalable and sovereign systems while eliminating the UX complexities end users face when interacting with a modular multi-chain universe. Initia’s ownership of the full tech stack allows for a suite of chain-level mechanisms that align the economic interests across users, developers, L2 app chains, and the L1.

Website：https://initia.xyz/

Twitter：https://twitter.com/initiaFDN

【7】Babylon

Amount: Undisclosed

Stages: Undisclosed

Date: February 27

Investors: Binance Labs

Category: Infrastructure, Layer1

Description: Babylon is a layer 1 blockchain founded by Professor David Tse from Stanford University. The project's mission is to bring Bitcoin's unparalleled security to all PoS blockchains without any extra energy cost. The team consists of Stanford researchers and experienced developers, as well as seasoned business advisors.

Additions: Babylon raised $ 18 M in Series A round on December 7, 2023;Babylon raised $ 8 M in Seed round on January 1, 2022

Website：https://babylonchain.io/

Twitter：https://twitter.com/babylon_chain

【8】Aerodrome

Amount: Undisclosed

Stages: Undisclosed

Date: February 27

Investors: Base Ecosystem Fund

Category: DeFi, DEX, Lending

Description: Aerodrome Finance is a next-generation AMM designed to serve as Base's central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and fees generated by the protocol.

Website：https://aerodrome.finance/

Twitter：https://twitter.com/aerodromefi

【9】Cycle Network

Amount: Millions of dollars

Stages: Undisclosed

Date: February 27

Investors: Summer Capital, Vertex Ventures, Superchain Capital, LTP, GSG Digital

Category: Infrastructure, Layer2

Description: Cycle Network is an omni trustless distributed ledger, where developers can create their dApps on a new layer without having to re-create the code on different chains. Through Abstract Account, users will no longer have to use their private keys or seeds in order to use the DApp, therefore decreasing the number of gas fees involved. Furthermore, this new layer will adopt the same security as Rollup technology allowing users to feel safe in cross-chain asset transfer.

Website：https://www.cyclenetwork.io/

Twitter：https://twitter.com/cyclenetwork_GO

【10】Validation Cloud

Amount: $5.8 million

Stages: Undisclosed

Date: February 27

Investors: Cadenza Ventures, Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, GS Futures, AP Capital

Category: Infrastructure, Developer Platform, Blockchain API, Node Service

Description: Validation Cloud is a Web3 infrastructure platform that delivers elite, high-performance node and staking infrastructure.

Website：https://www.validationcloud.io/

Twitter：https://twitter.com/ValidationCloud

【11】Morpho

Amount: Undisclosed

Stages: Undisclosed

Date: February 27

Investors: Pantera Capital

Category: DeFi, Lending

Description: Morpho is a lending protocol that combines the liquidity pool model used by Compound or AAVE with the capital efficiency of peer-to-peer matching engines used in order books. Morpho-Compound improves Compound by providing the same user experience, liquidity, and liquidation parameters, but with an increased APY due to peer-to-peer matchings.

Additions: Morpho raised $ 18 M in Seed round on July 12, 2022

Website：https://morpho.org/

Twitter：https://twitter.com/MorphoLabs

【12】Arkis

Amount: $2.2 million

Stages: Pre seed round

Date: February 27

Investors: gumi Cryptos Capital, G1 Ventures, Psalion VC

Category: DeFi, Lending

Description: Arkis is an undercollateralized leverage protocol that acts as a decentralized prime broker providing capital for on-chain asset managers and traders. Arkis offers multichain, undercollateralized leverage powered by portfolio margin.

Website：https://arkis.xyz/

Twitter：https://twitter.com/ArkisXYZ

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