Ignas | DeFi Profile picture
Jun 30, 2022 13 tweets 13 min read Read on X
1/13

According to @dovemetrics, $3.9B was raised in June across 202 funding rounds.

Sharing 10 interesting #CeFi, #DeFi & #NFT projects that just raised from prominent VCs and you might not have heard on CT.

These are the projects to keep an eye during the bear market.

A🧵 Image
2/13

Capricon @capricornfund raised $200M from Malaysia-listed company MQ Technology.

Capricon is a multi-collateral stablecoin #DeFi protocol issuing $CUSD to connect #crypto to the real world.

Learn more -
capricorn.fund

cointelegraph.com/press-releases…
3/13

Unizen @unizen_io is building a #CeDeFi exchange to combine CEXes and DEXes to meet the needs of both retail and institutional traders.

Basically #DEX & #CEX aggregator.

Announced $200m USD capital commitment by Global Emerging Markets.

unizen-io.medium.com/weekly-pulse-1…
4/13

FalconX @falconxnetwork announced $150M Series D led by GIC and @BCapitalGroup at $8B valuation.

FalconX provides end-to-end insitutional trading services (trade execution, market making etc.)

falconx.io/media-press-re…
5/13

@AstraProtocol raised $100M Series A from @joinrepublic at $500M valuation.

Its mission is to equip all DeFi with a decentralized compliance layer, including KYC & AML capabilities.

Regulation coming for #DeFi and investors are getting ready.

accesswire.com/703394/Tier-1-… Image
6/13

@eulerfinance raised $32M led by @HaunVentures

Jump, FTX, Coinbase, Uniswap Labs have also invested.

Euler is a #DeFi lending and borrowing protocol on #Ethereum.

👀Euler has a token $EUL that trades at $78M FDV on Huobi and MEXC exchanges.

7/13

NFTPort @nftport_xyz is Stripe for #NFTs - bring your #NFT application to market in hours instead of months w/developer-first NFT APIs

Estonia based company raised $26M Series A by Atomico and Taavet+Sten.

coindesk.com/business/2022/…
8/13

Entropy @entropydotxyz is the first truly trustless protocol for #DeFi asset custody.

Raised $25M seed, led by @a16z.

Joined by Dragonfly Capital, Ethereal Ventures, Variant, Coinbase Ventures, Robot Ventures, Inflection, and the Komerabi Fund.

mirror.xyz/entropy.eth/mZ…
9/13

Skolem institutional-grade infra for #DeFi trading raised $20 million in Series A.

The round was led by Galaxy Digital.

Joined by Point72 Ventures, Jump Crypto, Fenwick and West, Morpheus Ventures, and Dragonfly Capital.

skolem.tech

businesswire.com/news/home/2022… Image
10/13

PartyDAO 🥳 @prtyDAO is a fun one.

Cannot afford to buy a #BAYC? PartyDAO allows to invest in #NFTs as a team.

Fundraised $16.4M seedround led by @a16z.

Definately a project to keep an 👁 on.

11/13

Earth From Another Sun (@PlayEFAS) is a science fiction action-oriented strategy role-playing game.

Raised $4.5M seed from @SolanaVentures , @AlamedaResearch and Lightspeed Ventures.

venturebeat.com/2022/06/16/ear…
12/13

These are just 10 out of 202 deals announced in June.

According to the BoE, crypto crash survivers will rise to become the technology companies of the future, like Amazon and eBay.

So, following well funded startups could be a good Alpha to prepare for the next bull run.
13/13

You can see all the publicly announced fundraising data on @dovemetrics website dovemetrics.com

Can sort deals by date, category like #DeFi, #CeFi, #NGT, #Web3 etc.

Or check active fund portfolios. Image

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More from @DefiIgnas

Jul 11
1/ You can't hit replay on a big announcement.

Be it a protocol mainnet launch, an airdrop, a tokenomics reveal, or a major upgrade—you've got one chance.

Make it count.

So, here's my trade offer: 👇 Image
2/ The usual crypto playbook involves an official blog post, a tweet with a hope it clicks.

Teams also pay for PR articles on media and appear on podcasts to talk about the launch.

All this is great, but there's a missing piece to make the launch truly resonate...
3/ That's me!

You heard it right.

People want genuine, no-nonsense reviews that get to the point of what matters to them.

And I've been doing just that for 2 years. Image
Read 9 tweets
Jul 1
Polkadot spent $37m USD in outreach during the first half of 2024, targeting new users, developers, and businesses

• $10m on ads/sponsorships
• $4.4m on influencers
• $4m on digital ads

Yet Polkadot still seems invisible on X and elsewhere. Image
In total, Polkadot spent $86m USD in the past 6 months:

The Treasury manages 245m USD (38m DOT) in assets, of which 188m USD (29m DOT) are liquid.

At this burn rate, they'll go bankrupt in less than 2 years.
This is how their Treasury flow looks like:

Deep in the negative. Image
Read 8 tweets
Jun 27
1/ DeFi OG tokens appear dead...

But a major shift in the market is approaching for a new FOMO wave to come to DeFi.

Here's why DeFi is ready to pump: 🧵 Image
2/ DeFi tokens are badly underperforming ETH.

The DeFi Pulse Index (DPI) has been declining against ETH for three years straight. And $ETH itself underperformed BTC this cycle.

DPI includes $UNI, $MKR, $LDO, $AAVE, $SNX, $PENDLE, and others. Image
3/ The only exception is $PENDLE, up ~750% in the same period.

Why Pendle? The answer is multifaceted. They managed to find a strong PMF during the points meta.

Airdrop farming and memecoins have been the top playgrounds for degens this cycle so far.
Read 15 tweets
Jun 26
1/ Bitcoin Runes appear dead...

But behind the scenes, the infrastructure is being built for a new FOMO wave to come. Development in DEXes is leading the way.

Here are the top Bitcoin L1 exchanges you can try now: 🧵
2/ Trading Runes on BTC is currently no better than BRC20s.

Unisat and Magic Eden require exact order matches for trades, creating friction. But teams are building new engines for better UX/UI.

Many are still in development or on testnet. Image
3/ @FluidtokensXBT

• Orderbook-based, peer-to-peer trading
• Uses PSBT* for permissionless, MEV-protected transactions
• Prioritizes decentralization

*PSBT (Partially Signed Bitcoin Transaction) making complex transactions easier & more secure. Image
Read 12 tweets
Jun 13
1/6 Two-year price performance of the popular EVM DEXes:

Only $UNI outperformed $ETH.

$CAKE and $BAL lagged, but $CRV took the biggest hit.

There's much to learn about product and tokenomics from these results.

A few takes below: ↓ Image
2/6 While the $BAL price dropped, the market cap increased by 49% from $143m to $204m USD.

The continuous token issuance imposes a heavy tax on $BAL token holders, who end up subsidizing LPs. Image
3/6 The same story applies to $CAKE and $CRV:

$CAKE's spot price dropped by 40%, yet its market cap remained largely unchanged.

Similarly, $CRV's price fell by 78%, but its market cap stayed largely the same.

Similar situation for $DODO
Image
Image
Read 6 tweets
May 27
FOMO just hit me hard.

First time since March.
Research intensifies!
Two weeks ago, I shared in my blog that "My gut feeling tells me we are going higher, and the market is looking for a catalyst to exit this accumulation zone."

ETH ETF + Regulatory 180 will do the trick Image
Read 4 tweets

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