Cryptocurrency Funding Sees Significant Rebound Since April, Predicting Bright Prospects for Prediction Markets, VC Funds, Stablecoins, and RWA

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

Forecasting Market: In this sector, Kalshi stood out with a single additional $1 billion in funding, driving the sector's total funding to over $1 billion. The rest of the Forecasting Market sector saw fundraising amounts of $6 million for the startup XO Market and $5 million in seed funding for the live forecasting market Pumpcade.

VC Funds: Fundraising was also strong, with Haun Ventures completing a $1 billion new fundraise and expanding its investment scope to the AI agency sector. South Korean crypto venture fund Hashed Ventures raised $2.2 million during the same period.

Stablecoins and Payment Infrastructure: This sector showed steady 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 attracted market attention. This round of funding was led by long-term crypto venture firm Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi development company Uniswap Labs.

DeFi and RWA Sector: The funding in this sector was approximately $88 million, with Galaxy Digital leading a $20 million investment in the credit market Fence, making it the sector's largest funding. Other fundings included a $17 million investment in the on-chain RWA lending + stablecoin project OpenTrade, $3.75 million in funding for the lending platform Votre, and $8 million in funding for asset tokenization company KAIO, among others.

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