Since April, cryptocurrency fundraising has seen a significant rebound, with promising performances in prediction markets, VC funds, stablecoins, and RWA.

BlockBeats News, May 12th. Since April, the funding market in the crypto sector has seen a significant rebound, with a total fundraising amount of approximately $23.59 billion, driven mainly by a few large transactions.

Prediction Markets: In this sector, Kalshi stood out with a single addition of $1 billion in funding, pushing the total funding of the sector to over $1 billion. Other funding in the prediction markets sector includes $6 million for startup XO Market and $5 million raised in a seed round by the live prediction market Pumpcade.

VC Funds: Fundraising in this category was also strong, with Haun Ventures completing a $1 billion raise for a new fund and expanding its investment scope to the AI agency field. South Korean crypto venture capital firm Hashed Ventures raised $2.2 million during the same period.

Stablecoins and Payment Infrastructure: This sector showed robust performance, with a total funding amount of approximately $128 million. Among them, payment infrastructure company Fun raised $72 million, Latin American digital wallet platform Belo raised $14 million, and Paxos Labs' $12 million funding round garnered market attention. The round was led by long-time crypto venture firm Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi development company Uniswap Labs.

DeFi and RWA Sector: Funding in this sector amounted to approximately $88 million. Galaxy Digital led a $20 million funding round for the credit market Fence, making it the largest funding in the sector. Other fundings include $17 million investment in the on-chain RWA lending + stablecoin project OpenTrade, $3.75 million in funding for lending platform Votre, and $8 million in funding for asset tokenization company KAIO, among others.

AI and Crypto Intersection: The funding amount in this sector was relatively small, amounting to a total of $24 million. Balcony, an AI + blockchain land registration platform, raised $12.7 million, Fere AI, an AI digital asset trading agent platform, raised $1.3 million, and AlphaNet, an AI quantitative trading platform, raised $10 million.