June marked the best month for crypto fundraising in over 3 years.

More than $2.5 billion in capital was deployed by VCs.

Let's break down the largest deals 🧵

➣ @Kalshi: $185m

Kalshi is a US-based prediction market that recently expanded to blockchain. It's the first CFTC-regulated prediction market platform.

➣ @BitDigital_BTBT: $150m

Bit Digital, formerly a Bitcoin mining company, has transitioned to focus on Ethereum staking and treasury operations.

➣ @digitalassetcom: $135m

Digital Asset is the creator of the Canton Network, a public Layer 1 blockchain with institutional privacy. They offer enterprise products and services for rapid institutional-grade tokenization.

➣ @eigenlayer: $70m

Eigen integrates blockchain verification into real-world applications, enabling developers to create apps, agents, and AVSs that securely verify any input, data, or event.

➣ @zama_fhe: $57m

The Zama confidential blockchain protocol enables confidential smart contracts on top of any L1 or L2 using FHE.

➣ @HypernativeLabs: $40m

Hypernative is a cybersecurity platform purpose-built for Web3 applications, offering real-time threat detection, monitoring, and automated response across blockchain ecosystems.

➣ @yupp_ai: $33m

Yupp is a consumer-facing AI evaluation platform that lets users compare outputs from multiple AI models side by side, earn rewards for feedback, and shape the future of AI systems.

➣ @turnkeyhq: $30m

Turnkey simplifies private key management. Create wallets, sign transactions, and automate on-chain actions all with one API.

➣ @Noah_HQ: $22m

Noah offers seamless, API-powered cross-border payments using stablecoins.

➣ @OneBalance_io: $20m

OneBalance is an infrastructure platform designed to simplify the DeFi experience by implementing chain abstraction.

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