[New Fundraising] Cygnus raised $ 20 M in Pre-Seed round

Cygnus is a modular real yield layer. As the end game of real yield, it combines non-EVM systems such as TON with EVM ecosystem. Its yield-bearing Liquidity Validation System provide services for any system that requires its own distributed validation semantics for verification. Users can participate in ecological liquidity security protection while automatically enjoying staking yield, LVS fees and other systems' incentives.

More about Cygnus: https://www.rootdata.com/Projects/detail/Cygnus?k=MTAxNTk%3D

Source: https://x.com/CygnusFi/status/1891860590647529906

Tokens that recently completed TGE: https://www.rootdata.com/Market?type=3

[New Fundraising] Primus raised $6.5M in Pre-seed + Seed round led by VanEck, Symbolic Capital and Dispersion Capital

Primus Labs, an acronym for Privacy-Preserving Attestation Data Operator, is at the forefront of cutting-edge cryptography. Primus Labs will use cryptographic algorithms to take the lead in integrating off-chain data into the on-chain world through technologies such as interactive zero-knowledge proof (IZK) and secure multi-party computation (MPC).

More about Primus Labs:
https://www.rootdata.com/Projects/detail/Primus%20Labs?k=OTAwMw%3D%3D

Source:
https://x.com/primus_labs/status/1892620246701457478

[New Fundraising] InfinityGround raised $2 million seed round financing, Animoca Brands and others participate

Infinity Ground is an AI-native Entertainment Appchain built on SVM. It is not just creating our own AI games and interactive narratives.

More about InfinityGround:
https://www.rootdata.com/Projects/detail/InfinityGround?k=MTM1OTg%3D

Source:
https://x.com/infinityg_ai/status/1892762239758979551

[New Fundraising] Institutionally-focused restaking startup Byzantine Finance raises $3 million in pre-seed funding


Byzantine Finance is the restaking aggregation layer. Its white-label restaking infrastructure aggregates technically complex integrations and allows Web3 enterprises to build a custom restaking offering for their users in days. Byzantine makes participation in restaking as easy as possible through its independent modules, hugely simplifying integrating restaking into new and existing systems.

More about Byzantine Finance: https://www.rootdata.com/Projects/detail/Byzantine%20Finance?k=MTQ1MDY%3D

Source: https://www.theblock.co/post/343113/institution-restaking-byzantine-raises-3-million-pre-seed-funding

[New Fundraising] Shared security network IMUA raised $5M seed round of financing, led by Draper Dragon and others

Imua is a purpose-built L1 protocol for shared security. Imua aggregates economic security from multiple blockchains via restaking, normalizes it across USD price via an embedded oracle, and extends it to services in need of decentralized compute.

More about Imua:
https://www.rootdata.com/Projects/detail/Imua?k=OTYwOA%3D%3D

Source:
https://x.com/warpaul/status/1894072614680682975

[New Fundraising] Fixed-rate lending protocol Tenor Finance raised $2.5 million seed round led by cherry.xyz

Tenor Finance is a non-custodial, self-executable, fixed-rate lending protocol that allows for the creation of permissionless markets and efficiently matches lenders and borrowers.

More about Tenor Finance:
https://www.rootdata.com/Projects/detail/Tenor%20Finance?k=MTY0ODM%3D

Source:
https://x.com/TenorFinance/status/1894066884602958210

[New Fundraising] MEV developer FastLane Labs raised $6M financing, led by Figment Capital and DBA

FastLane is a hybrid MEV protocol designed to reduce transaction spam and improve network health. It monetizes propagation bottlenecks in the peer-to-peer layer of the Polygon blockchain and distributes the proceeds to participating validators.

More about FastLane:
https://www.rootdata.com/Projects/detail/FastLane?k=NjQ5Mg%3D%3D

Source:
https://x.com/0xFastLane/status/1896636501615849575

[New Fundraising] Crypto-financial service company Flowdesk raised $102M led by HV Capital

Based in France and Singapore, Flowdesk is a crypto-financial service company building a trading infrastructure that provides market-making services for web3 players.

More about Flowdesk:
https://www.rootdata.com/Projects/detail/Flowdesk?k=NDA4Mw%3D%3D

Source:
https://www.coindesk.com/markets/2025/03/04/emb-march-4-4-am-et-flowdesk-raises-over-usd100-million-to-expand-trading-and-liquidity-desks

Overview of the Crypto Market in February 2025

In February 2025, crypto financing rose to $950M across 100 deals, up 18% from January, driven by a few large deals. Meanwhile, M&A surged with 15 deals—the fourth straight month of double-digit activity—signaling consolidation as firms merge amid competition and regulation. However, VC fundraising stalled with no new funds, reflecting caution. This sluggish investment climate is pushing more projects toward acquisitions as an exit strategy.

source:https://rootdatalabs.medium.com/rootdata-february-crypto-market-report-m-a-surge-amidst-vc-fundraising-slump-e39f11ac537e

[New Fundraising] Infrared Raised $14 million in a Series A round led by Framework Ventures

Infrared is the flagship application of the Proof of Liquidity consensus mechanism pioneered by Berachain. The application reimagines liquid staking in the context of the three-token architecture and the unique soulbound elements of BGT.

More about Infrared:
https://www.rootdata.com/Projects/detail/Infrared?k=MTA5MDc%3D

Source:
https://www.coindesk.com/business/2025/03/04/infrared-raises-usd16m-to-roll-out-first-liquidity-staking-protocol-on-berachain

[New Fundraising] Across Protocol raised $41 million token round led by Paradigm

Across is an optimistic cross-chain bridge protocol that enables users to execute transactions between chains almost instantly. This is achieved through the use of an optimistic oracle, bonded relayers, and single-sided liquidity pools.

More about Across Protocol:
https://www.rootdata.com/Projects/detail/Across%20Protocol?k=MjExMw%3D%3D

Source:
https://www.theblock.co/post/344470/paradigm-leads-token-round-across-protocol-ethereum

Recent figures position updates: https://www.rootdata.com/people

Weekly Hot Projects🔥 (Mar.3 - Mar.9)

📈 Hey #CryptoFam! 🚀 We've just updated our weekly #CryptoTrends ranking list, based on your #RootData searches. 💻

🎯Top 10 winner is RedStone, Binance, Cardano, Yescoin, Jupiter, Ripple, Bitwise, DoubleZero, Seismic and Solana.

Keep up with the hottest buzz in the industry and stay ahead of the trends. Don't miss out - check it out! 👇

https://rootdata.com

[New Fundraising] Mesh raised $82 million in Series B funding led by Paradigm

Founded in 2020, Mesh's mission is to build an open, connected and secure financial ecosystem. Mesh is a modern financial operating system that provides enterprise clients with the ability to enable digital asset transfers, crypto payments, account aggregation and registered securities trading, all within their platform.

More about Mesh:
https://www.rootdata.com/Projects/detail/Mesh?k=OTUwNQ%3D%3D

Source:
https://www.prnewswire.com/news-releases/mesh-secures-82m-in-series-b-funding-to-build-first-global-crypto-payments-network-302398543.html

[New Fundraising] Vest Exchange raised $5 million in financing, Jane Street and others participate

Vest is a quantitative research firm developing financial infrastructure that enables real-time, universal risk pricing. As a neutral and verifiable intermediary, Vest will enable participants to share risk data without exposing proprietary information, leading to greater capital efficiency, improved liquidity provisioning, fairer pricing, and more accurate risk assessments across lending, trading, and credit markets.

More about Vest Exchange:
https://www.rootdata.com/Projects/detail/Vest%20Exchange?k=NjY1OQ%3D%3D

Source:
https://x.com/VestExchange/status/1899574324165750803

[New Fundraising] Crypto prediction platform Yeet raised $7.75 million in financing, led by Dragonfly

Yeet Game is a fully on-chain game with no dominant game theoretic strategy to win. Players can make money in multiple ways. The gambling platform will offer a variety of traditional casino games like blackjack and roulette alongside new, crypto-focused games.

More about Yeet Game:
https://www.rootdata.com/Projects/detail/Yeet?k=MTQ0MDE%3D

Source:
https://decrypt.co/310338/yeet-raises-7-million-crypto-casino

[New Fundraising] Via Science raised $28 million Series B financing, led by Bosch Ventures

Via Science adopts a decentralized, zero-trust architecture and has passed the rigorous testing of the US Department of Defense. Via Science’s technical features include decentralized identity management, end-to-end quantum resistance encryption and password-free solutions, which can effectively deal with traditional cybersecurity challenges such as social engineering attacks and administrator attacks.

More about Via Science:
https://www.rootdata.com/Projects/detail/Via%20Science?k=MTY4MDc%3D

Source:
https://www.solvewithvia.com/via-secures-28m-from-global-enterprises-to-scale-its-decentralized-data-and-identity-protection-platform-amid-surging-demand/

Weekly Hot Projects🔥 (Mar.17 - Mar.23)

📈 Hey #CryptoFam! 🚀 We've just updated our weekly #CryptoTrends ranking list, based on your #RootData searches. 💻

🎯Top 10 winner is Bedrock, Nillion, Plume Network, Walrus, Sonic, Binance, MyShell, Coinbase, Solana, World Liberty Financial.

Keep up with the hottest buzz in the industry and stay ahead of the trends. Don't miss out - check it out! 👇

https://rootdata.com

🚀 RootData Weekly Crypto X Leaderboard is here!

Recently, CZ and Yi He have been actively building on BNB Chain, and unsurprisingly, both made it onto the Hot Index. Notably, Jane He topped the RootData leaderboard last week after joining YZi Labs as a General Partner. How much impact YZi Labs will have on the growth of BNB Chain remains to be seen — let’s keep an eye on it.

👑 Top 5 this week:

1. Jane He (General Partner at YZi Labs 174)

2. Alana Palmedo (Partner & COO at Paradigm 147)

3. Tahnoun bin Zayed Al Nahyan (Chairman at MGX 108)

4. Tomasz Stanczak (Founder at Nethermind 92)

5. Prasanna Sankar (Founder at 0xPPL 66)

Who’s leading the conversation in Web3? Who’s gaining momentum?

👉 Stay tuned for weekly updates.
🔗 https://www.rootdata.com/people