Weekly Recap

Weekly funding fell by almost 50% to $182 million, while the deal count fell by about a third to 23. The Infrastructure category led both funding and deal count, bolstered by Avail’s $47 million Series A round. CeFi saw $26 million in funding, including XREX’s $18.75 million strategic round with Tether. XREX will use the funding to help facilitate regulatory-compliant cross-border payments using USDT. Gaming had the second most deals this week (7), with a notable uptick in deal flow over the last two weeks.

There was $108 million in Series A funding across five deals, as more projects are beginning to expand past the very early stages of development and are seeing meaningful adoption and growth. There were only four seed rounds totaling $19 million, a relatively low amount compared to 2024 trends. There was one token sale this week, with Pantera purchasing $5 million of Connext’s token (#NEXT) as they rebrand to Everclear and become a clearing layer for intents-based bridges.