The recent crypto fundraising events have injected massive capital into blockchain projects, with several surpassing $100 million. These events highlight the continued interest and confidence in blockchain technology.
MAJOR RECENT CRYPTO FUNDRAISING EVENTS#Toncoin $TON #DriftProtocol $DRIFT #Helius #HemiNetwork #Yellow $YELLOW #PipeNetwork #TrueX $PYUSD #Fermah pic.twitter.com/SgFGSPm0js
— PHOENIX – Crypto News & Analytics (@pnxgrp) September 21, 2024
The prominent projects in the latest fundraising include Toncoin (TON), Drift Protocol (DRIFT), Helius, Hemi Network, and Yellow, with a wide range of investors backing their initiatives. A crypto analytical platform revealed the details of these funding projects through X platform.
Toncoin Raises $30M in Landmark Deal Amont Top Crypto Funding Projects
Toncoin successfully raised $30 million, attracting the backing of Bitget and further expanding its influence in the blockchain space. Drift Protocol followed closely with a $25 million raise, supported by significant investors like Multicoin Capital and Paradigm. These investments demonstrate growing confidence in the decentralized finance sector, where Drift Protocol continues to establish itself.
Hemi Network and Fermah Also Close Rounds
Helius also secured notable funding, with $21.7 million raised through various investors, showcasing the rising interest in decentralized infrastructure. The event saw strong participation from industry leaders looking to boost its growth in the crypto space. Hemi Network, a leading player in blockchain technology, raised $18 million, further accelerating its development.
Yellow and Pipe Network were also key participants in these fundraising events, raising $10 million and $12 million, respectively. Investors such as GSR, CoinFund, and others have fueled their rise, underlining the demand for blockchain innovation. Yellow’s initiative attracted support from various global backers, reinforcing its position as an emerging player in decentralized finance.
Way Forward
These events reflect the increasing interest in blockchain technology and its applications across decentralized finance. TrueX and Fermah also raised significant amounts, with TrueX closing at $8 million and Fermah securing $5.2 million. These figures underscore a strong future for blockchain networks.