According to DefiLlama, venture capital funds invested nearly $800 million in crypto startups in November facts.
Despite this year recording the fourth best month for funding, the amount was 8% lower than the money raised in October.
Infrastructure still rules
The blockchain gaming sector has raised approximately $71 million in funding, while general web3 projects attracted $8.2 million in funding.
Monkey Tilt, an online platform that offers a gamified gambling experience powered by crypto, has raised the most funding in the gaming sector with $30 million. Pantera Capital led the Series A round.
VC funds poured more than $583 million into startups developing crypto-related infrastructure in November, making it the sector with the highest funding. The
The main rounds were conducted by Zero Gravity Labs, which raised $40 million Bitcoin miner Canaan Creative, which raised $30 million in a private equity offering.
DeFi is climbing
After rebounding between September and October, the DeFi ecosystem saw monthly funding growth of 31% to $128.2 million.
USDX Money, a US dollar-pegged stablecoin issuer, conducted the largest funding round, with $45 million injected by NGC Ventures, BAI Capital, Generative Ventures and UOB Venture.
Additionally, World Financial Liberty (WLFI) raised the second largest amount through a token sale in which Justin Sun, founder of Tron, invested $30 million. WLFI is a credit market backed by newly elected President Donald Trump and his family.
StakeStone, a liquid staking protocol available on several blockchains, has raised $22 million in a strategic round led by Polychain Capital.