Figure 1: Number of Web3 capital deployments and transactions at each stage from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised (disclosed): US$7.2 billion Disclosed transactions: 106 Total transactions: 160 At first glance, September appears to be a high-profile return of risk appetite. However, with the exception of Flying Tulip, most capital investment has flowed into later-stage companies. This is a continuation of a trend we’ve observed in our recent quarterly market reports and aligns with VC insights we gathered at the ٹوکن2049 Singapore conference. September 2025 further demonstrates that while early-stage deal activity remains robust, real money is seeking maturity and liquidity. Market Highlight: Flying Tulip ($200 million seed round, $1 billion valuation) Flying Tulip raised $200 million in its seed round at a unicorn valuation. The platform aims to unify spot trading, perpetual contracts, lending, and structured yields into a single on-chain exchange, employing a hybrid AMM/order book model and supporting cross-chain deposits and volatility-adjusted lending. Web3 Venture Fund: Shrinking in SizeFigure 2: Number of Web3 venture capital funds launched from January 2020 to September 2025 and the capital raised. Source: Messari, Outlier Ventures.
New funds in September 2025: Onigiri Capital, $50 million: Focused on early-stage infrastructure and fintech in Asia. Archetype Fund III, $100 million: focused on modularity, developer tools, and consumer protocols. Fund launches cooled in September 2025. Only two new funds were launched, both relatively small in size and highly focused on a single theme. This trend points to selectivity rather than a slowdown: venture capitalists are still raising funds, but around sharper, more focused themes. Pre-seed rounds: A downward trend lasting 9 monthsFigure 3: Number of pre-seed stage capital deployments and deals from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised: US$9.8 million Disclosed transactions: 5 Median funding round: $1.9 million Pre-seed funding continues to decline, both in terms of the number of deals and the amount of capital raised. This stage remains weak, with few high-profile investors participating. Funding is scarce for founders at this stage, but those that do successfully raise funds do so because of a compelling narrative and strong technological conviction. Pre-seeding highlight: Melee Markets ($3.5 million) Melee Markets, built on Solana, allows users to speculate on influencers, events, and trending topics, combining prediction markets and social trading. Backed by Variant and DBA, it’s a clever attempt to capture attention streams as asset classes. Seed Round: Tulip ManiaFigure 4: Number of seed-stage capital deployments and deals from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised: US$359 million Disclosed transactions: 26 Seed-stage funding saw significant growth, but this was entirely thanks to Flying Tulip’s $200 million round. Without it, funding in this category would have been roughly the same as in previous months. More importantly, Flying Tulip’s structure is not typical fundraising. Its on-chain redemption rights provide investors with capital security and yield exposure without sacrificing upside potential. The project is not consuming its own funding; instead, it uses DeFi yields to finance its growth, incentives, and buybacks. This is a capital-efficient, DeFi-native innovation that could influence how future protocols self-fund. While Flying Tulip investors do have the right to withdraw these funds at any time, it is still a significant capital investment for Web3 venture capitalists who would otherwise have invested in other early-stage projects through less liquid instruments: namely SAFE and/or SAFT. This is another manifestation of the current trend among Web3 investors to seek exposure to more liquid assets. Series A: Tends to StabilizeFigure 5: Number of Series A funding rounds and deals from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised: US$177 million Disclosed transactions: 10 Median funding round: $17.7 million After a sharp decline in August, Series A activity recovered slightly in September, but it wasn’t a breakout month. Deal volume and deployed capital were just around the 2025 average. Investors remained selective, favoring later-stage momentum over chasing early-stage growth. Series A Highlights: Digital Entertainment Asset ($38 million) Singapore-based Digital Entertainment Asset has raised $38 million to build a Web3 gaming, ESG, and advertising platform with real-world payment capabilities. Backed by SBI Holdings and ASICS Ventures, the move reflects the growing interest in integrating blockchain with mainstream consumer industries in Asia. Private token sale: Huge sums of money, participation from prominent figuresFigure 6: Capital Deployment and Transaction Volume of Private Token Sales from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised: US$180 million Disclosed transactions: 2 Private token activity remains concentrated, with a single massive funding round completing the process. The pattern of recent months continues: fewer token rounds, larger checks, and exchange-driven gameplay absorbing liquidity. Highlight: Crypto.com ($178 million) Crypto.com has raised a massive $178 million, reportedly in partnership with Trump Media. The exchange continues to push for global accessibility and mass-market کرپٹو payment tools. Public Token Sale: Bitcoin’s Profit MomentFigure 7: Capital Deployment and Transaction Volume of Public Token Sales from January 2020 to September 2025. Source: Messari, Outlier Ventures.
Total capital raised: US$126.2 million Disclosed transactions: 16 Public token sales remain active, driven by two compelling narratives: Bitcoin yield (BTCFi) and AI agents. This serves as a reminder that public markets are still chasing narratives. Highlight: Lombard ($94.7 million) Lombard is bringing Bitcoin to DeFi with the launch of LBTC, an interest-bearing, cross-chain, liquid BTC asset designed to unify Bitcoin liquidity across ecosystems. This is part of the growing “BTCFi” trend, where users earn DeFi yields through BTC. یہ مضمون انٹرنیٹ سے لیا گیا ہے: September Web3 Funding Report: Capital Chases Liquidity and MaturityRecommended Articles Related: Learn all about LBank’s $100 million bonus in one article 近日,为庆祝成为阿根廷国家队区域赞助商,LBank 重磅推出总价值达 1 亿美元的增强版赠金福利($100 M Bonus Pro)。全民可领、100%增强版赠金、个人无上限。福利上线即引发海内外加密圈关注,成为近期最受欢迎的免费赠金计划之一。 本文将带你全面了解福利机制、参与方式与申领操作流程,并提供实用交易建议,助你用好每一笔增强版赠金。 LBank 增强版赠金福利总奖池高达 1 亿美元,全球用户均可参与。福利采用 100%赠金发放机制,先到先得,赠完即止。用户可通过两种方式领取增强版赠金:第一,参与活动即可一次性领取 100 U 增强版赠金;第二,合约充值立返 100%,每笔划转均可获得 100%等额增强版赠金,且个人奖励无上限。 领取增强版赠金攻略 要申领 LBank 1 亿美元增强版赠金,你需要登录 LBank 官网 或打开 App,进入 1 亿美元增强赠金 页面,点击“参与”(必选项) 方式 1:参与活动,秒领 100 U 增强版赠金 参与优势: 该方式无需充值、零成本参与,参与活动即可领取$100 增强版赠金,增强版赠金可直接用于合约交易,产生盈利后可提现,助你轻松开启实盘交易体验。 适用对象:不限,新用户或 LBank 老用户都可 注册或登陆后,立即点击”领取“即可获得 100 U 增强版赠金 增强版赠金到账后即可直接用于合约交易 方式 2:合约充值,100%增强版赠金无上限 参与优势:该方式增强版赠金比例高达 100%,每笔划转至合约账户均可获得等额增强版赠金,划转越多,增强版赠金越多,且个人奖励无上限,支持多次划转,适合大资金用户,也受到小资金用户青睐。增强版赠金即时到账,可与本金一起配合使用于合约交易,盈利部分可自由提取,助你高效撬动市场机会。 适用对象: 所有 LBank 用户 点击“领取”开始获得 100% 增强版赠金福利 从「现货账户」划转资金至「合约账户」 系统将根据划转金额 1:1 发放增强版赠金,如划转 1000 U,将立即获得$1000 增强版赠金 增强版赠金如何使用?这些技巧帮你放大盈利机会 LBank 合约市场排名已跻身全球 TOP 4,在 Meme 币、山寨币合约领域表现尤为突出,新币上线速度快,潜在 100 x 机会丰富,并设立 1 亿美元风险保障基金,为用户交易保驾护航。 与传统空投不同,LBank 增强版赠金可搭配本金直接用于合约市场,尤其适用于中小资金、短线策略用户。灵活运用增强版赠金策略,不仅能放大你的交易杠杆,还能实现“零成本练兵 + 实盘盈利”双重目标。对于想快速提升交易能力、验证策略的用户而言,这是一场不可多得的实战机会。操作建议: 小额高频交易: 利用增强版赠金聚焦波动性较高的 Meme 币或山寨币合约,抓住日内 10%~30% 的行情机会,快速实现短线盈利。 稳健策略组合: 搭配轻仓位操作,设置合理的止盈止损点,构建“低风险 + 高弹性”的交易结构,提升增强版赠金使用效率,控制风险同时放大收益空间。 T+0 高频操作: 借助增强版赠金优势,灵活应对市场价格异动,实现快进快出,把握更多即时套利窗口。 当世界杯冠军精神遇上加密创新,LBank 1 亿美元增强版赠金,是一场极具诚意的合约福利共享之旅,既降低了交易门槛,也极大放大了用户的潜在收益空间。现在报名,一键开启你的 1 亿美元增强版赠金福利共享之旅。 福利入口:LBank 官网 $100 M Bonus Pro 页面This article is sourced from the internet: Learn all about LBank’s $100 million bonus in one articleRecommended ArticlesRelated: Is the end of traditional banks approaching? Tether’s… # تجزیہ# بٹ کوائن# کرپٹو# defi# ایکسچینج# مارکیٹ# ٹوکن# ٹوکن 2049# ٹول# web3© 版权声明صف 上一篇 Popular Interactions | Perle Labs Beta Whitelist Application; IOPn Testnet Event Launched (October 31) 下一篇 Why do we still need Bitcoin 17 years later? 相关文章 ہفتہ وار ایڈیٹر کے انتخاب (0117-0123) 6086cf14eb90bc67ca4fc62b 8,911 Microsoft’s “Pool Conundrum”: $625 Billion Slowly Injected, $37.5 Billion Opened This Quarter, Will the Water Level Rise 6086cf14eb90bc67ca4fc62b 7,573 Rising in Silence: Is Circle Undervalued in the Red Ocean of Stablecoins? 6086cf14eb90bc67ca4fc62b 8,273 Behind Coinbase’s Echo acquisition: Cobie’s 13-year journey from $200 to fame and fortune 6086cf14eb90bc67ca4fc62b 17,540 Earning $4 million in two months, revealing James Wynn’s “hedge trumpet” 6086cf14eb90bc67ca4fc62b 29,801 4 24-Hour Hot Coins and News | Multiple Projects Compete to Issue Hyperliquid Stablecoin; Tether Reveals Major Bitcoin Hol 6086cf14eb90bc67ca4fc62b 22,665 کوئی تبصرہ نہیں آپ کو ایک تبصرہ چھوڑنے کے لیے لاگ ان ہونا چاہیے! فوری طور پر لاگ ان کریں۔ کوئی تبصرہ نہیں... Bee.com دنیا کا سب سے بڑا Web3 پورٹل شراکت دار سکے کارپ بائننس CoinMarketCap سکے گیکو سکے لائیو آرمر Bee Network APP ڈاؤن لوڈ کریں اور web3 کا سفر شروع کریں۔ سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط Bee Network APP ڈاؤن لوڈ کریں۔ اور ویب 3 کا سفر شروع کریں۔ دنیا کا سب سے بڑا Web3 پورٹل شراکت دار CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط تلاش کریں۔ تلاش کریں۔InSiteآنچینسماجیخبریں 热门推荐: ایئر ڈراپ ہنٹرز ڈیٹا تجزیہ کرپٹو مشہور شخصیات ٹریپ ڈیٹیکٹر اردو English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी Русский اردو智能索引记录
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2026-03-02 14:21:27
教育培训
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标题:正能量小学生作文
简介:在学习、工作、生活中,大家都不可避免地要接触到作文吧,作文是人们以书面形式表情达意的言语活动。你写作文时总是无从下笔?以
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2026-03-02 08:09:38
综合导航
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标题:THE AUTHORITY: UNDER NEW MANAGEMENT DC
简介:In this second collection of Authority stories, the team fac
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2026-03-02 06:26:16
综合导航
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标题:茉莉花开
简介:小编:欢迎阅读与支持,如果喜欢记得常来!内容简介:唯一纯白的茉莉花,盛开在爱的月牙,就算再多困难让我失去方向,我也不曾害
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2026-03-02 06:31:43
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标题:Childhood memories
简介:1x.com is the world
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2026-03-02 14:13:40
图片素材
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标题:噩梦的作文600字 描写噩梦的作文 关于噩梦的作文-作文网
简介:作文网精选关于噩梦的600字作文,包含噩梦的作文素材,关于噩梦的作文题目,以噩梦为话题的600字作文大全,作文网原创名师
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2026-03-02 12:52:47
综合导航
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标题:Victor. The Reader's Biographical Encyclopaedia. 1922
简介:Victor. The Reader
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2026-03-02 12:28:32
数码科技
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标题:处分348人!2026年1月重庆查处违反中央八项规定精神问题344起 市纪委 精神问题 纪委监委纪律 重庆市_手机网易网
简介:根据中央纪委国家监委要求,市纪委监委在全市纪检监察机关建立了查处违反中央八项规定精神问题月报制度。2026年以来,截至1
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2026-03-02 13:06:57
电商商城
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标题:曼福图怎么样 - 京东
简介:京东是专业的曼福图网上购物商城,为您提供曼福图价格图片信息、曼福图怎么样的用户评论、曼福图精选导购、更多曼福图价格图片相
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2026-03-02 13:52:25
综合导航
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标题:Gate Releases Q3 2025 Report: Global Users Exceed 41 Million, Building a Diversified and Integrated Crypto Ecosystem Bee Network
简介:Gate, a global cryptocurrency trading platform, has released
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2026-03-02 12:39:54
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标题:冰点免费阅读最新章节_冰点免费阅读全文免费阅读_恋上你看书网
简介:高h1v1甜文男主为爱当三(假的)年上清冷吊系旗袍小美人vs归国帅气小叔叔?高颜值cp双洁?会每天不定时更新2~4章,s
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2026-03-02 12:35:38
综合导航
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标题:有一棵树会感谢我_550字_作文网
简介:我读过一个故事,叫《有一棵树会感谢我》。 跨入新社会,人们已经不再需要手帕,他们需要的,是散发着淡淡幽香的面纸,没有人再
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2026-03-02 14:22:06
教育培训
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标题:初二开学作文
简介:在学习、工作或生活中,大家都写过作文,肯定对各类作文都很熟悉吧,写作文可以锻炼我们的独处习惯,让自己的心静下来,思考自己
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2026-03-02 14:19:17
教育培训
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标题:童年趣事作文
简介:无论在学习、工作或是生活中,大家都经常接触到作文吧,借助作文人们可以实现文化交流的目的。那么问题来了,到底应如何写一篇优
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2026-03-02 12:23:33
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标题:写童话的作文_作文网
简介:<p>1.标题格式:写童话的作文:题目,写童话的作文:灰姑娘的故事</p> <p>2.童话故事,字数不限。</p>
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2026-03-02 08:21:31
综合导航
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标题:Gate Releases August Transparency Report: Derivatives Trading Volume Jumps to Top 3 Globally, Ecosystem Development and Bee Network
简介:According to the report, by August 2025, Gate achieved break
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2026-03-02 14:07:20
教育培训
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标题:【精品】一年级作文汇编9篇
简介:在平日的学习、工作和生活里,大家都写过作文吧,作文是通过文字来表达一个主题意义的记叙方法。你写作文时总是无从下笔?以下是
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2026-03-02 14:05:04
游戏娱乐
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标题:索尼克之最终决斗,索尼克之最终决斗小游戏,4399小游戏 www.4399.com
简介:索尼克之最终决斗在线玩,索尼克之最终决斗下载, 索尼克之最终决斗攻略秘籍.更多索尼克之最终决斗游戏尽在4399小游戏,好
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2026-03-02 12:15:47
综合导航
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标题:Fish & Richardson Elevates 20 Attorneys to Principal
简介:Fish & Richardson is pleased to announce that 20 attorneys h
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2026-03-02 12:47:45
教育培训
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标题:【推荐】爷爷作文七篇
简介:在平平淡淡的学习、工作、生活中,大家都尝试过写作文吧,作文是人们把记忆中所存储的有关知识、经验和思想用书面形式表达出来的
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2026-03-02 13:51:42
健康养生
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标题:提神醒脑提高注意力的保健品有哪些?安利xs饮料就可以实现 - 谈天说地 - 34楼
简介:在快节奏的现代生活中,我们常常面临各种挑战,工作的繁重、学习的压力,常常让我们感到疲惫不堪,注意力难以集中。这时候,一款
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2026-03-02 13:55:18
综合导航
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标题:AI智能索引
简介:17779548144鐨勪釜浜鸿祫鏂 ,瀛︽硶缃 /> <title>17779548144鐨勪釜浜鸿祫鏂 - 瀛︽硶
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2026-03-02 12:14:10
视频影音
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标题:财富自由从获得系统开始第53集红豆剧场_在线播放[高清流畅]_爽文短剧
简介:爽文短剧_财富自由从获得系统开始剧情介绍:财富自由从获得系统开始是由内详执导,内详等人主演的,于2025年上映,该都市讲
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2026-03-02 13:06:11
教育培训
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标题:精选年后的作文300字9篇
简介:在学习、工作或生活中,大家总少不了接触作文吧,作文是通过文字来表达一个主题意义的记叙方法。那么,怎么去写作文呢?以下是小
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2026-03-02 09:46:20
旅游出行
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标题:收集:宝箱(13)_刺客信条英灵殿德鲁伊之怒DLC攻略_全任务流程全收集攻略_3DM单机
简介:《刺客信条:英灵殿》德鲁伊之怒DLC攻略,全任务流程全收集攻略(含“剧情流程”“全支线任务”“全收集品攻略”)。《刺客信
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2026-03-02 13:06:31
综合导航
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标题:Windows 10反馈中心开始关注非微软产品的用户体验-驱动人生
简介:微软对 Windows 10 操作系统上的“反馈中心”(Feedback Hub)功能很是重视,且最近将注意力拓展到了非
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2026-03-02 09:49:03
综合导航
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标题:InfoFi Gold Digging Guide: In addition to Kaito, what other Alpha gameplays are there? Bee Network
简介:Original author: Viee, Biteye core contributor Recently, th
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2026-03-02 06:30:26
综合导航
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标题:Dallas Stars sign forward Radek Faksa to three-year, $6 million contract Dallas Stars
简介:The three-year contract, which begins in the 2025-26 season
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2026-03-02 12:36:57
教育培训
成功
标题:[优选]实用的生活更美好作文4篇
简介:在日复一日的学习、工作或生活中,大家都写过作文,肯定对各类作文都很熟悉吧,通过作文可以把我们那些零零散散的思想,聚集在一
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2026-03-02 12:52:34
综合导航
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标题:Kids' Athletic Clothes, Shoes & Gear - Leggings or Sets or Dresses and Rompers in Pink Under Armour
简介:Shop Kids
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2026-03-02 14:19:59
综合导航
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标题:我发现了蚂蚁的秘密作文350字(通用6篇)
简介:无论是在学校还是在社会中,大家一定都接触过作文吧,作文是经过人的思想考虑和语言组织,通过文字来表达一个主题意义的记叙方法