Funding type
63 of 159 researched projects disclose how they are funded; VC-backed leads with 31.
- 31 · 49%
- 8 · 13%
- 7 · 11%
- 7 · 11%
- 3 · 5%
- 3 · 5%
- 2 · 3%
- 2 · 3%
159 researched, 63 with disclosed funding, ,
Ecosystem money flow
Whole chain, not filteredPrograms, strategic investments and incentives from the events file.
Funding rounds over time
$1.2B disclosed across 34 rounds; 2024 Q4 was the largest quarter by disclosed amount.
- Seed and angel
- Series rounds
- Strategic
- Token sale
- Programs and awards
Funding rounds
Individual rounds, awards and strategic cheques from the rounds file. 25 are backed by a linked source, 9 come from prior knowledge and are tagged re-verify. Click a project or an investor to open it.
| Angel | Oct 7, 2026 | undisclosed | no | sourced | link | ||
| Strategic token purchase | Sep 4, 2026 | undisclosed | yes | sourced | link | ||
| Ecosystem incentive | Aug 14, 2026 | $11.0M | yes | sourced | link | ||
| Program award | Jul 15, 2026 | $60.0K | yes | sourced | link | ||
| Program award | Jul 15, 2026 | $30.0K | yes | sourced | link | ||
| Program award | Jul 15, 2026 | $10.0K | yes | sourced | link | ||
| Program award | Jul 15, 2026 | $6.0K | yes | sourced | link | ||
| Strategic investment | Jul 1, 2026 | undisclosed | yes | sourced | link | ||
| Series round | Jun 23, 2026 | $40.0M | no | sourced | link | ||
| Series A | Mar 30, 2026 | $50.0M | , | no | sourced | link | |
| Program award | Mar 11, 2026 | $100.0K | yes | sourced | link | ||
| Program award | Mar 11, 2026 | $50.0K | yes | sourced | link | ||
| Program award | Mar 11, 2026 | $20.0K | yes | sourced | link | ||
| Series B | Feb 6, 2026 | $17.0M | , | no | sourced | link | |
| Strategic | Jan 22, 2026 | $4.0M | ,, | no | sourced | link | |
| Program | Jan 1, 2026 | undisclosed | yes | sourced | link | ||
| Series round | Nov 11, 2025 | $68.0M | , | yes | sourced | link | |
| Strategic | Jul 24, 2025 | undisclosed | , | no | sourced | link | |
| Acquisition | Jun 1, 2025 | $200.0M | no | re-verify | no source | ||
| Token sale | Mar 1, 2025 | $41.0M | no | re-verify | no source | ||
| Accelerator | Feb 1, 2025 | undisclosed | no | sourced | link | ||
| Series C | Jan 1, 2025 | $150.0M | , | no | re-verify | no source | |
| Series B | Dec 1, 2024 | $50.0M | no | re-verify | no source | ||
| Token sale | Dec 1, 2024 | $100.0M | none | no | re-verify | no source | |
| Strategic | Oct 1, 2024 | $50.0M | no | re-verify | no source |
Disclosed backers per project
Projects with named backers or a stated amount. Amounts are as written in the source and may be lifetime totals rather than a single round. Click a row to open the project.
Showing 63 of 63 projects
| Investors / backers | Source | ||||
|---|---|---|---|---|---|
Other EVM | VC-backed | Private company; MGX $2B strategic investment (Mar 2025); 2017 BNB ICO [prior knowledge, not re-verified] | $2B latest (Mar 2025) | BNB | no source |
Other EVM | VC-backed | $550M Series E at $8B (Jan 2022) from D1, Spark, Stripes, Coatue [prior knowledge, not re-verified] | ~$1.04B (latest Jan 2022) | none | no source |
Other EVM | VC-backed | a16z led $200M Series C-2 at $10.2B (Feb 2022); Lightspeed, Coatue, Pantera [prior knowledge, not re-verified] | ~$564M (latest Feb 2022) | none | no source |
Other EVM | VC-backed | $555M Series A led by Tiger Global and Coatue (Nov 2021) [prior knowledge, not re-verified] | ~$555M (latest Nov 2021) | none | no source |
Other EVM | VC-backed | Declaration Partners led $300M Series D (Apr 2021) [prior knowledge, not re-verified] | ~$540M (latest Apr 2021) | none (issues USDG, PYUSD) | no source |
Non-EVM | VC-backed | GIC led $170M Series F at $8.6B (May 2022) [prior knowledge, not re-verified] | ~$536M (latest May 2022) | none | no source |
Other EVM | VC-backed | Consensys product; Consensys raised $450M Series D led by ParaFi (Mar 2022) [prior knowledge, not re-verified] | Parent ~$450M latest (Mar 2022) | none launched (not verified) | no source |
Other EVM | VC-backed | Paradigm and Coatue led $300M Series C at $13.3B (Jan 2022) [prior knowledge, not re-verified] | ~$427M (latest Jan 2022) | SEA (announced; launch status not verified) | no source |
Non-EVM | VC-backed | Sequoia and Paradigm led $150M Series C at $3B (Jan 2025) [prior knowledge, not re-verified] | ~$268M (latest Jan 2025) | none | no source |
Other EVM | VC-backed | a16z crypto, Sequoia, FTX Ventures ($135M Series A Mar 2022); $120M Series A+ at $3B valuation (Apr 2023) [prior knowledge, not re-verified] | ~$263M+ (latest disclosed Apr 2023) | ZRO (STG for Stargate) | no source |
Non-EVM | Acquired | Acquired by Robinhood Markets (deal closed Jun 2025, ~$200M) [prior knowledge, not re-verified] | N/A (acquisition ~$200M) | none | no source |
Other EVM | VC-backed | Uniswap Labs; Polychain led $165M Series B (Oct 2022); a16z, Paradigm, SV Angel earlier [prior knowledge, not re-verified] | ~$176M (latest Oct 2022) | UNI | no source |
Other EVM | VC-backed | Thoma Bravo led $70M Series B (Dec 2021) [prior knowledge, not re-verified] | ~$150M (latest round not re-verified) | none | no source |
Arbitrum | VC-backed | Series B led by Lightspeed Venture Partners | $120M Series B (Aug 31, 2021) | none | blockworks.co |
Other EVM | VC-backed | Dragonfly-led early rounds; ~$100M ENA token raise (Dec 2024) incl. Franklin Templeton and F-Prime [prior knowledge, not re-verified] | ~$120M+ (latest Dec 2024) | ENA | no source |
Other EVM | VC-backed | Ribbit Capital led $50M Series B (Dec 2024) [prior knowledge, not re-verified] | ~$83M (latest Dec 2024) | none | no source |
Other EVM | VC-backed | Coatue led $69.4M Series B at $1B (Feb 2022); USV led Series A [prior knowledge, not re-verified] | ~$79M (latest Feb 2022) | none | no source |
Other EVM | VC-backed | Ribbit Capital led $50M (Oct 2024) with a16z crypto, Coinbase Ventures, Pantera; earlier $18M (2022, a16z, Variant) [prior knowledge, not re-verified] | ~$68M (latest Oct 2024) | MORPHO | no source |
Non-EVM | VC-backed | Founders Fund and Ribbit Capital led $68M at $1.5B valuation with Haun Ventures and Robinhood participating (Nov 2025). RH Chain incentive: ~$20M Robinhood Wallet points program with 11M LIT rewards and 2x points for perps traded via Robinhood Wallet (reported Aug 2026) | $68M latest (Nov 2025) | LIT | fortune.com |
Other EVM | VC-backed | RRE and Creandum led $50M Series A with Framework Ventures, Franklin Templeton, Coinbase Ventures (Mar 30, 2026); prior ~$9M seed reported | ~$59M (latest Mar 2026) | none | cointelegraph.com |
Other EVM | VC-backed | $40M round led by Amplify Partners with Kleiner Perkins and Theory Ventures (Jun 23, 2026); $16.5M Series A led by Theory Ventures (Jul 2024) | ~$56.5M+ (latest Jun 2026) | none | inforcapital.com |
Other EVM | Token/DAO treasury | Risk Labs / Across DAO; ACX token sales led by Paradigm ($10M Oct 2023; $41M Mar 2025 with Bain Capital Crypto, Coinbase Ventures) [prior knowledge, not re-verified] | ~$51M via ACX token sales (latest Mar 2025) | ACX | no source |
Other EVM | VC-backed | Ondo Finance; Founders Fund and Pantera led $20M Series A (Apr 2022) [prior knowledge, not re-verified] | ~$34M (latest 2022) | ONDO | no source |
Other EVM | Token/DAO treasury | Chainlink Labs; 2017 LINK token sale (~$32M) [prior knowledge, not re-verified] | ~$32M ICO (2017) | LINK | no source |
Other EVM | VC-backed | $20M seed (Sep 2022), Felicis-led per reports | $20M (Sep 2022) | none | www.theblock.co |
Token-funded projects
Funded by a token, treasury, buybacks or fee revenue rather than equity. The investors column holds the researcher's note on the model.
- ACXOther EVM, Token/DAO treasuryRisk Labs / Across DAO; ACX token sales led by Paradigm ($10M Oct 2023; $41M Mar 2025 with Bain Capital Crypto, Coinbase Ventures) [prior knowledge, not re-verified]
- AEROOther EVM, Token/DAO treasury· 30d revenue $269.0KDromos Labs; no VC round identified, funded via AERO token emissions and protocol [prior knowledge, not re-verified]
- ARBArbitrum, Corporate/parent; Token-funded· 30d revenue $97.8KBuilt by Offchain Labs; Arbitrum DAO treasury funds programs in ARB; Robinhood Chain committed $1M to Arbitrum Open House
- ASTEROther EVM, Token/DAO treasuryBacked by YZi Labs (ex-Binance Labs) [prior knowledge, not re-verified]
- LINKOther EVM, Token/DAO treasuryChainlink Labs; 2017 LINK token sale (~$32M) [prior knowledge, not re-verified]
- STONKBROKERRH native, Token-funded· 30d revenue $315.5KNo investors disclosed; ecosystem fees fund the daily Clock In pot; no Robinhood partnership described
- HOOKRRH native, Token-fundedNo investors disclosed; protocol fee on ETH-paired launches goes to a burner contract for HOOKR buybacks; fixed 1B supply fully circulating
- CASHCATRH native, Token-funded· 30d revenue $2.5KCommunity-built by the Cash Cat community; 30% protocol share funds CASHCAT burns, treasury and development
- SYRUPOther EVM, Token/DAO treasuryEarly backers reported as Framework Ventures and Polychain; MPL migrated to SYRUP [prior knowledge, not re-verified]
- NETRH native, Token-fundedPseudonymous team; NET backed by a USDG treasury; no investors disclosed
- no tickerRH native, Token-funded· 30d revenue $0No investors disclosed; launchpad fee revenue (team revenue about $2.8M per on-chain data, $12M total fees)
- ORBIORH native, Token-funded· 30d revenue $109.6KNo investors disclosed; launched via Pons bonding curve Aug 31, 2026 with no team allocation; half of ORBIO creator fees fund AI usage, half to treasury
- PONSRH native, Token-funded; Strategic token purchase· 30d revenue $1.6MUniswap Labs bought PONS tokens for long-term alignment (a token stake, not an acquisition of the company); 80% of protocol revenue funds PONS buybacks and burns; created by Ozzy
- WOODRH native, Angel/pre-seed; Token-funded· 30d revenue $277Luke Youngblood (Moonwell co-founder), described as lead investor/advisor in company press release; founders Carlos Beltran and Ana Julia
- SUSHIOther EVM, Token/DAO treasury· 30d revenue $21.1KSushi DAO treasury [prior knowledge, not re-verified]
- INDEXRH native, Token-funded· 30d revenue $34.7KNo investors disclosed; 3% trading fee buys tokenized stocks for holders
- VIRTUALOther EVM, Token/DAO treasury· 30d revenue $28.7KNo recent VC round identified; protocol funded through VIRTUAL token and protocol fees [prior knowledge, not re-verified]