Venture capital (VC) funds invested nearly $800 million in crypto startups in November, according to DefiLlama data.
Despite the fourth best fundraising month this year, the amount is down 8% from the money raised in October.
Infrastructure still rules
The blockchain gaming sector has raised around $71 million in funding, while general Web3 projects have secured $8.2 million in funding.
Monkey Tilt, an online platform offering a gamified gaming experience powered by crypto, raised the most funding in the gaming sector, with $30 million. Pantera Capital led the Series A round.
Venture funds invested more than $583 million in startups developing crypto-related infrastructure in November, making it the sector with the highest funding. THE
The largest fundraising rounds were led by Zero Gravity Labs, which raised $40 million, and Bitcoin miner Canaan Creative, which raised $30 million in a private equity offering.
DeFi climbs
After its recovery between September and October, the DeFi ecosystem saw monthly funding growth of 31% to reach $128.2 million.
USDX Money, a synthetic stablecoin issuer pegged to the US dollar, led 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 marketplace backed by President-elect Donald Trump and his family.
StakeStone, a liquid staking protocol available on various blockchains, has raised $22 million in a strategic round led by Polychain Capital.
