Level has raised $3.6M in a funding round co-led by Polychain Capital and Dragonfly
Level has secured $3.6M in a funding round co-led by Polychain Capital and Dragonfly. Other investors in the round include Robot Ventures, Pier Two, EI Ventures and Global Coin Research. Level aims to be the first stablecoin protocol backed by restaked dollar tokens.
Level's deposits program is also live - deposit USDT on Level’s website to start earning Level XP and secure a spot on the waitlist to mint lvlUSD in the coming weeks.
🔗 x.com/levelusd/status/1829135617621365116
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Edge Matrix Chain has raised $20M in a funding round led by P2 Ventures and Amber Group
Edge Matrix Chain (EMC), a multichain infrastructure, has secured $20M in a funding round led by Polygon Ventures and Amber Group. Other investors include One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, and Hameem Raees Chowdhury.
Edge Matrix Chain is designed to scale and support GPU compute for crypto AI projects while introducing a new DeFi asset class backed by tokenized real-world GPU resources. It plans to use the newly raised funds to launch its Layer 1 blockchain, which is focused on apps designed for AI.
🔗 theblock.co/post/313685/edge-matrix-chain-raises-20-million-in-funding-led-by-polygon-ventures-amber-group
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Sharpe AI has launched SAI token staking with up to 35% APR
Sharpe AI has rolled out SAI token staking with up to 35% APR. Users can stake $SAI tokens and earn rewards while contributing to the Sharpe AI ecosystem. Stakers will have benefits such as 35% APR paid hourly in $SAI tokens, 50% of platform revenue shared, early access to premium features, and airdrop opportunities among other features.
Moreover, Sharpe AI has announced an allocation of 130M $SAI (13% of token supply), which will be divided across multiple airdrop seasons.
Telegram-based game Hamster Kombat will conduct TGE with Airdrop on September 26th
Hamster Kombat, a Telegram-based $TON crypto clicker game, which has over 52M subscribers, will conduct TGE with Airdrop on September 26th. Hamster Kombat's developers recently said in a whitepaper that 60% of its token airdrop will be dedicated to players. The rest is reserved for providing market liquidity, ecosystem partnerships and grants, rewarding squads, and other items.
🔗 theblock.co/post/313511/hamster-kombat-token-airdrop-set-for-next-month
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BNB Chain partners with Celer, deBridge, and Stargate to launch cross-chain bridge
BNB Chain teams up with Celer, deBridge, and Stargate Finance to launch BNB Chain Bridge, its cross-chain bridge. This new bridge aims to enhance cross-chain connectivity, liquidity, and user experience on BNB Chain. In conjunction with the bridge launch, BNB Chain is establishing a liquidity pool to streamline transfers from other chains.
Stargate’s cross-chain liquidity solutions, Celer’s state channel-based network, and deBridge’s robust interoperability framework collectively enhance blockchain interoperability. Their integration with BNB Chain expands network capabilities, ensuring smoother and more efficient cross-chain transactions.
🔗 bnbchain.org/en/blog/introducing-bnb-chain-bridge-a-leap-towards-seamless-cross-chain-interoperability
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a16z-backed Story Protocol has launched Public Testnet - Iliad
Story Protocol has rolled out the Iliad, its public testnet. Users can mint IP assets as commemorative NFTs on Story Network over the next 48 hours. Moreover, builders and developers can apply to Story Academy, a full-service accelerator and incubator for new and established projects.
Story's mainnet launch is expected later this year. The Layer 1 blockchain is being developed via Cosmos SDK and will be fully compatible with the Ethereum Virtual Machine (EVM).
Solayer Labs has raised $12M in a Seed funding round co-led by Polychain Capital and Hack VC
Solayer Labs has raised $12M in a seed funding round at a $80M valuation co-led by Polychain Capital and Hack VC. Other investors in the round include Binance Labs, Big Brain Holdings, Nomad Capital, Race Capital, Borderless, Wormhole Ecosystem Fund, ABCDE and Maelstrom.
Solayer is a Solana restaking protocol modeled after the pioneering Ethereum restaking protocol, EigenLayer. Moreover, Solayer plans to launch its native token in the future.
🔗 theblock.co/post/313317/solana-restaking-protocol-solayer-funding-valuation
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Microsoft-backed Space and Time has raised $20M in a Series A funding round
Space and Time Labs has secured $20M in a Series A funding round co-led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. Other investors in the round include M12 - Microsoft's Venture Fund, DCG, F-Prime Capital, OKX Ventures, Circle Ventures and Alumni Ventures.
Space and Time released Proof of SQL in June, calling it the first sub-second zero-knowledge coprocessor that unlocks trustless data processing at scale.
Sharpe AI [SAI] has conduced initial listing on MEXC, Gate, Uniswap, and BingX
Sharpe AI $SAI has been initially listed on MEXC, Gate, Uniswap, and BingX today, on August 27th, at 13:00 UTC. Sharpe AI is an institutional-grade crypto superApp, serving as a unified frontend for intelligence, tracking and investing in digital assets. It is backed by Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, Metabros, Contango Digital Assets and others.
Moreover, Sharpe AI has announced an allocation of 130M
$SAI
(13% of token supply), which will be divided across multiple airdrop seasons.
Top Ethereum Layer 2 Projects by Total Value Locked
The total value of assets locked in Ethereum Layer 2 systems is almost $38B at the moment, according to L2BEAT. Let’s compare the top Layer 2 projects by current TVL in USD, including Arbitrum $ARB, Base, Optimism $OP, Blast $BLAST, Mantle $MNT, Scroll, zkSync Era $ZK, Linea, Starknet $STRK, Manta Network $MANTA and others.
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Top Solana Protocols by Total Value Locked
The total value of assets locked in Solana $SOL is around $5.4B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Solana by current TVL in USD including Jito $JTO, Kamino $KMNO, Marinade $MNDE, Jupiter $JUP, Raydium $RAY, Sanctum $CLOUD, Drift $DRIFT, marginfi, BlazeStake $BLZE, Meteora, and others in order to evaluate their adoption scale.
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Top 7 Biggest Token Unlocks in the Next 7 Days
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $OP, $ZETA, $DYDX, $WLD, $PORTAL, $EDU and $PRIME according to CryptoRank.io.
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AutoLayer [LAY3R] has announced the integration with Linea L2
AutoLayer #LAY3R will integrate with Linea, a Consensys-powered Ethereum L2 $ETH scaling network. Through this integration, AutoLayer will launch a series of restaking products ready for Linea users.
AutoLayer is the LRTfi hub on Arbitrum, which offers one-click liquid restaking and staking along with other DeFi strategies and incentives. Previously, AutoLayer announced its IDO on Poolz Finance. IDO price is $0.65, at $20.8M valuation. Initial market cap is $435K.
🔗 x.com/AutoLayer/status/1828017464510455811
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Sharpe AI [SAI] will be initially listed on MEXC, Gate, Uniswap, and BingX tomorrow, on August 27th
Sharpe AI $SAI will conduct initial listing on MEXC, Gate, Uniswap, and BingX tomorrow, on August 27th, at 13:00 UTC. Moreover, Sharpe AI has announced an allocation of 130M $SAI (13% of token supply), which will be divided across multiple airdrop seasons.
Previously, Sharpe AI conducted IDOs on Ape Terminal and AIT Launchpad. IDO price is $0.02. Initial market cap is $1.62M.
Sharpe AI [SAI] has introduced AI-powered crypto search engine on TON blockchain - Brownian
Sharpe AI launches Brownian, an AI-powered crypto search engine mini app built on the TON blockchain $TON. Brownian is designed to address the problem of crypto information overload by leveraging advanced AI technology. It provides users with accurate and up-to-date crypto data, processed by sophisticated AI, right where they chat.
Previously, Sharpe AI conducted IDOs on Ape Terminal and AIT Launchpad and rescheduled its initial listing on Gate and MEXC to August 27th. IDO price is $0.02. Initial market cap is $1.62M.
Aethir [ATH] has announced a partnership with Auros
Aethir $ATH teams up with Auros, a leading crypto-native algorithmic trading and market-making firm. Through this partnership, Auros will help ensure a seamless conversion of revenue into ATH tokens and their subsequent use for computing services. Recently, Aethir announced the Edge Early Adopter Bonus Program launch on September 1st.
During the program period until October 31st, active Edge GPU devices will earn a 60% bonus on top of their base
$ATH
rewards.
double jump.tоkyо has raised $10M in a Series D funding round led by SBI Investment
double jump.tоkyо, a blockchain game developer, has secured $10M in a Series D funding round led by SBI Investment. Other investors in the round included Sony Group Corporation, Taisu Ventures, Gate Ventures, TM Capital, and Bing Ventures.
The company will deepen its collaboration with the SBI Group on Web3 services, including NFT marketplaces, and promote development on the Sony Group's blockchain “Soneium” to expand Web3 content and services.
ParaFi Capital has raised $120M to buy stakes in other crypto funds
ParaFi Capital has secured $120M from investors including Theta Capital Management and Accolade Partners. In a new strategy for ParaFi, the funding will be partly used to acquire general-partner stakes in other crypto funds that are focused on specific market segments, strategies or geographies. The firm plans to build a portfolio of 30 to 50 such stakes in the next three to five years.
🔗 bloomberg.com/news/articles/2024-08-28/parafi-capital-raises-120-million-to-buy-stakes-in-other-crypto-funds
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Top Blockchains by Commits and Development Activity in last 7 days
Let’s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.
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Lemniscap has raised $70M for a new fund anchored by Accolade Partners
Lemniscap has raised a new fund worth $70M to invest in early-stage startups. Accolade Partners, a U.S.-based fund of funds, anchor the fund. Other limited partners of the fund include undisclosed high-net-worth individuals and founders of Lemniscap's portfolio companies.
Since its founding in 2017, Lemniscap has made over 130 investments across its three funds. Some of its notable portfolio companies include Avalanche, The Graph, Axelar, StepN, EigenLayer, Puffer, Monad and Anoma.
🔗 theblock.co/post/313404/crypto-vc-lemniscap-third-fund
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Streaming platform Myco has raised $10M in a Series A funding round
Myco, a Web3 streaming platform, has secured $10M in a Series A funding round. Investors in the round include Aptos Labs, Enjinstarter, Mocha Ventures, Ghaf Capital, BDigital, Arts3 Foundation, Factor 6 Capital, Daman Invest, and others. Myco is a Web3 video streaming, funding, production, and distribution platform where viewers earn from watching content and creators earn from creating content.
🔗 x.com/umairmasoom/status/1828392986012459265
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Gameplay Galaxy has raised $11.17M in a Seed extension round co-led by Blockchain Capital and Merit Circle
Gameplay Galaxy has secured $11.17M in a seed extension round with a $71M valuation. Blockchain Capital and Merit Circle $BEAM co-led the round. Gameplay Galaxy is a Web3 game development studio that builds on the success of his previous venture, Deemedya.
Gameplay Galaxy is currently developing Trial Xtreme Freedom as its inaugural Web3 game. In 2022, it raised $12.8M in a seed funding round backed by Solana Ventures, Merit Circle, Yield Guild Games, Com2uS and others.
🔗 theblock.co/post/313258/gameplay-galaxy-crypto-funding-valuation
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $800M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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Simon's Cat has burned $24M worth of $CAT tokens via FlokiFi Locker
Simon's Cat, a globally recognized animated series and hugely popular cat meme, has burned 900B $CAT tokens worth $24M (10% of total supply) via FlokiFi Locker. Moreover, Simon's Cat will airdrop 1.8T $CAT tokens (20% of total supply) to $FLOKI holders. The airdrop will be based on a snapshot to be taken on August 29th.
$CAT is the BNB Chain-based memecoin of Simon’s Cat, a globally recognized animated series and hugely popular cat meme.
Current $CAT price is $0.00002. Fully diluted market cap is $227B.
🔗 x.com/SimonsCatMeme/status/1828139043961610675
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Nectar AI has raised $3.9M in a Seed funding round co-led by Mechanism Capital and Karatage
Nectar AI, an immersive AI companionship platform, has raised $3.9M in a seed funding round co-led by Mechanism Capital and Karatage. Other investors in the round include Synergis, Maelstrom, Builder Capital, Baboon, Decima and angel investors such as Tekin Salimi and George Lambeth (Dao5), Albert Chon (co-founder at Injective), Charles Lu (co-founder at Espresso Systems). Nectar AI allows users to create uncensored and replicable multimodal AI companions in either a realistic or anime style.
🔗 finance.yahoo.com/news/nectar-ai-raises-3-9m-130000526.html
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Fetch [FET] launches the Innovation Lab with $10M fund for startups
Fetch $FET, a decentralized machine learning platform, is launching a hub in San Francisco, California to advance artificial intelligence technology. Fetch will allocate $10M in annual funding for projects using the platform to build AI agents. Funding will be milestone-based, with a $1M cap per project.
The new hub will onboard early-stage startups working on AI agent solutions — software that uses artificial intelligence to perform specific tasks or make decisions for users or other systems.
Chainbound has raised $4.6M in a Seed funding round led by Cyber Fund
Chainbound, the crypto research and development company, has raised $4.6M in a seed funding round led by Cyber Fund. Other investors in the round include Maven 11, Robot Ventures and Bankless Ventures.
Chainbound is developing a protocol called Bolt, which will enable cutting-edge preconfirmations on Ethereum — allowing for sub-second transaction confirmations, significantly speeding up the current average seven-second confirmation period.
🔗 theblock.co/post/313012/ethereum-firm-chainbound-raise-transaction-preconfirmation-protocol-bolt
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Top 7 Crypto Fundraising Rounds of the Week
Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including a16zcrypto, Polychain Capital, 1k(x), HackVC, Paradigm, Binance Labs and others.
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Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (Aug 26th - Sep 1st) among blockchain projects, including Dogs $DOGS, CARV $CARV, Orderly Network $ORDER, Sharpe AI $SAI, Self Chain $SLF, Optimism $OP, and Aethir $ATH. Stay tuned!
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Binance Labs-backed Babylon has launched the first phase of self-custodial Mainnet
Bitcoin staking protocol Babylon has launched phase one of its self-custodial mainnet. Now, Babylon users can stake BTC via smart contracts. The platform has already amassed 12,710 stakers performing over 20,600 staking delegations.
Babylon Bitcoin staking mainnet launch leads to the third native use case for Bitcoin, the asset, alongside value storage and simple payments: staking to secure PoS networks and earn rewards.