Key Takeaways

• Solana-based projects have received over $10 million, leading Layer 1 capital raises this week
• Our Deal of the Week is Eden Network’s $17.4 million seed round – which will fund the platform protecting traders from order frontrunning
• Most featured investors this week include Multicoin Capital, Alameda Research, CMS Holdings, Jump Capital and NGC Ventures

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Venture Capital Deals

Pollen DAO is a fully decentralized portfolio management protocol, enabling the creation and distribution of DeFi portfolio and index tokens whilst generating yield for token holders.

Pollen has successfully raised $5 million as it aims to reinvent asset management for the on-chain economy. Just like Uniswap revamped liquidity for the on-chain environment by introducing market maker fees to contributing users, Pollen will do the same for portfolio management. Strategic backers include The Graph, AlphaBit and several other well-known investors. (Pollen DAO Raises $5 million to Build the Uniswap of Asset Management).

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Parcel currently offers a tool for DAOs that helps them run payrolls, disburse grants, and facilitate airdrops, but only with mass payouts. Its clients include SynthetixDAO, Compound, and Aave, among others. Parcel has raised $2.5 million. Dragonfly Capital led the round, with Scalar Cap...