โโJanuary 2022 performance: centralized exchange tokens.
โโInteroperability protocol Wormhole suffers one of the largest DeFi exploit to date, worth over $250M. An attacker has exploited a bridge between the Ethereum and Solana blockchains, for around $253M in ETH.
โโTop 20 most discussed cryptocurrencies on Twitter in January 2022. In the chart below you can find a share of mentions of each coin among top 150 coins by market cap.
โโInfrastructure startup Qredo closes $80M Series A round at $460M valuation. Dan Tapieroโs 10T Holdings led the raise, alongside strategic investors Coinbase Ventures, Avalanche and Terra. Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management also participated.
โโPrimex Finance raises $5.7M in seed funding. The round was co-led by Stratos Technologies and CoinFund, with participation from Hypersphere, GoldenTree Asset Management, Wintermute, GSR, and LedgerPrime. Primex aims to build a decentralized prime brokerage protocol for cross-margin trading on DEXes.
โโSome of the recent private fundraising events among blockchain startups you should know about. Feb 2022, part 1.
Data source: @crypto_fundraising
Data source: @crypto_fundraising
โโHuobi Primelist will host KingdomX (KT) public sale on February 9th. 6.6M KT (0.66% of total supply) to be sold. 50% of the allocation will be available via lottery (1.8k lucky slots) and another 50% will be sold via proportional model among HT holders. Token sale price: $0.012 (at $12M FDV). Initial circulating supply: $781K. KT trading will open at 11:00 (UTC) on Feb 9. KingdomX aims to develop a blockchain-based NFT strategy war game.
โโUpdate: A short list of upcoming events and important development milestones you should know about.
โโPolygon has raised $450M in a new venture financing round. Sequoia Capital India led the round. Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Animoca Brands, Spartan Fund, Dragonfly Capital and Variant Fund also participated in the token purchase.
โโData privacy platform Aleo raises $200M in Series B round. SoftBank Vision Fund 2 and Kora Management co-led the round, with Tiger Global, Andreessen Horowitz (a16z), Samsung Next, Slow Ventures, and Sea Capital also participating. Aleo is expected to launch its product in Q3, 2022.
โโHuobi Global will list Moonbeam (GLMR) and Moonriver (MOVR) on February 8th. GLMR/USDT, MOVR/USDT trading will go live once liquidity conditions are met.
โโWeb traffic to crypto exchanges in January 2022. According to the data from SimilarWeb in January a cumulative web traffic to cryptocurrency exchanges has decreased by 11%.
โโKuCoin will list the first KCC-based project MojitoSwap on February 11th. MJT/USDT and MJT/KCS trading pairs will go live at 10:00 AM on February 11 (UTC). MojitoSwap is a DEX running on the KCC.
โโSome of the recent private fundraising events among blockchain startups you should know about. Feb 2022, part 2.
Data source: @crypto_fundraising
Data source: @crypto_fundraising
โโEveryrealm (previously Republic Realm) has closed $60M Series A financing round led by a16z. Coinbase Ventures, NGC, Dragonfly Capital, Hashed, Lightspeed, Griffin Gaming Partners, Liberty City Ventures, Dapper Labs, Flamingo DAO, Wilshire Lane Capital, Pillar VC, Valor Animoca Brands, Paris Hilton are among investors. Everyrealm is focused on metaverse real estate market.
โโProject Galaxy will have a token sale on CoinList on February 17th. Registration deadline: Feb 15. 10M GAL (5% of total supply) to be offered at $1.5 per token at $300M valuation. Vesting: 12-month equal weekly vesting. Fundraising goal: $15M. Max number of public sale participants: 30K. Project Galaxy is building a Web3 credential data network.
โโCryptoPunk 5822 was just sold for a record 8,000 ETH ($23.7M). CryptoPunk 5822 is one of nine โalien punksโ in the entire series. This is probably the record high price for an avatar purchase to date.
โโSome of the recent private fundraising events among blockchain startups you should know about. Feb 2022, part 3.
Data source: @crypto_fundraising
Data source: @crypto_fundraising
โโUpdate: A short list of upcoming events and important development milestones you should know about.
โโCurve Finance announced launch on Moonbeam. Curve is the first protocol among DeFi blue chips to go live on Moonbeam, the Ethereum-compatible smart contract platform build on Polkadot network.
โโBinance Launchpad will host Alpine F1ยฎ Team Fan Token (ALPINE) public sale on February 21. Sale format: proportional among BNB holders. Binance will record user BNB balances for 5 days from Feb 16 till Feb 21. Public sale goal: $4M for 10% of total token supply.