Crypto funding has been on the rise this week, with a number of impressive raises showcasing investor interest in various sectors of the industry. Three standout raises have caught the attention of the market, signaling a robust appetite for investments in web3 infrastructure, entertainment, and developer tools.
Leading the pack is Sentora, a provider of institutional custody solutions, which recently closed a $25 million Series A funding round. Sentora, formed through the merger of IntoTheBlock and Trident Digital, is a DeFi platform that focuses on yield strategies, risk management, and financial services. With backing from investors such as New Form Capital, Ripple, and Tribe Capital, Sentora is poised to bridge the gap between traditional finance and DeFi by offering a compliant and scalable solution for institutional adoption. By combining analytics from IntoTheBlock and structured finance expertise from Trident, Sentora aims to address regulatory and operational challenges that have hindered institutional participation in DeFi.
Following closely is T-Rex, a web3 startup that recently secured a $17 million pre-seed round. T-Rex is an entertainment protocol that rewards users with cryptocurrency for engaging with content on platforms like X, TikTok, and YouTube. Utilizing a unique “proof-of-engagement” system through a browser extension that tracks viewing behavior while preserving user privacy, T-Rex allows users to earn points by interacting with content and convert them into crypto. The platform also plans to personalize content recommendations over time, with the extension set to launch by the end of the summer.
Rounding out the top three is Sonic Labs, which raised $10 million in a strategic funding round led by Galaxy. Sonic Labs is focused on accelerating the development of its $S token and expanding the Sonic blockchain ecosystem. Built on Fantom and EVM-compatible, the Sonic Mainnet is designed for high speed and scalability. The funds raised will support the development of new infrastructure and applications across DeFi, real-world assets, and gaming.
In addition to these top three raises, Fleek secured $7 million in funding through a public token sale on CoinList. Fleek enables users to create and monetize AI-powered influencers and agents, offering various roles through a monthly subscription platform. DogeOS also raised $6.9 million in a funding round led by Polychain Capital, with the goal of building an application layer on the Dogecoin network spanning gaming, AI, and DeFi.
Several other projects also secured funding, including GoQuant with $4 million, Xweave with $3 million, Alt DRX with $2.7 million, Litheum Strategic with $750,000, Xpfinance XPF with $200,000, and MYX Finance with $180,000.
These recent funding rounds highlight the growing interest and investment in the crypto space, across a diverse range of sectors and projects. Investors are increasingly recognizing the potential of blockchain technology and decentralized finance, driving innovation and growth in the industry.