Ten crypto projects raised over $145 million this week, according to data from DefiLlama.
The funding rounds brings the total invested into the industry this year to almost $9.2 billion. That’s only $500 million short of the total raised in 2024, and the performance puts the industry well on track to reach the $18 billion forecast for the entirety of the year by PitchBook.
In line with previous weeks, DeFi infrastructure projects executed the biggest rounds, making up more than half of the capital raised between June 7 and June 13.
Here are the three projects that secured the biggest deals this week.
Hyperactive, $40 million
Hypernative, the web3 cybersecurity startup, secured $40 million in a Series B funding round this week.
Ten Eleven Ventures and Ballistic Ventures led the raise. Investors like StepStone Group and boldstart ventures also participated in the raise.
Hypernative will use the funds to build on its fraud prevention and wallet-level transaction protection, it said.
“Web3 is at an inflection point: clear regulation is finally emerging, and institutional adoption is accelerating led by stablecoins and tokenised assets,” Gal Sagie, co-founder and CEO of Hypernative, said in a statement.
“But security remains the biggest blocker to mass adoption — and Hypernative is on a mission to close that gap.”
Turnkey, $30 million
The financial system will run on crypto in the next five years.
Bryce Ferguson, co-founder and CEO of Turnkey, made that bullish prediction this week as the crypto infrastructure startup raised $30 million in a Series B round.
Bain Capital Crypto led the round. Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant also backed the raise.
Ferguson said Turnkey will use the funding to scale its team and its infrastructure solutions.
Noah, a stablecoin startup, secured $22 million in a seed funding round this week. The raise comes as the buzz around stablecoins have reached a fever pitch on the back of Circle’s IPO.
LocalGlobe led the raise. Other participants include Felix Capital and FJ Labs.
