💰 Crypto Fundraising Recap, January 2024
❗️ The fundraising activity dramatically decreased in January compared to the two previous months in terms of the money raised. However, despite the January’s decline, there is no reason to believe that the uptrend has ended.
Key Takeaways:
🔹 In January there were few huge rounds, therefore the amount of funds raised has decreased compared to December and November.
🔹 A total of 121 deals worth $579 million were closed, with the highest funding amounts going to CeFi ($250M) and Blockchain Service ($98M) startups.
🔹 The average size of a funding round is about $1-3 millions in January.
🔹 Bitcoin ecosystem and blockchain interoperability startups are in the focus of venture capital.
For more insights and a detailed analysis of January's investment trends, read our fresh Crypto Fundraising Recap.
👉 https://cryptorank.io/insights/reports/crypto-fundraising-report-jan-24
EigenLayer Surpasses $4.7B in Total Value Locked
EigenLayer's TVL has more than doubled since the last deposit window opened on February 5, showing an increase of almost 120%.
The restaking protocol EigenLayer currently accounts for 13% of total Liquid Staking TVL, which is amounts to $36.4 billion. Meanwhile, the liquid restaking protocols account for almost half of EigenLayer's TVL, reaching $2.46 billion. The leading LRT protocols are:
- ether.fi $853M
- Puffer Finance $590M
- Kelp DAO $343M
- Renzo $245M
- Eigenpie $221M
👉 https://cryptorank.io/tags/liquid-staking
📈Market Overview
Bitcoin trades below $45K. The top-10 cryptos are traded in green zone:
Solana +5.20%
Cardano +4.38%
BNB +3.76%
Market capitalization: $1.78T (+2.91%)
The BTC dominance: 49.05% (+0.52%)
Fear & Greed Index: 66 (Greed)
👉 Top Gainers
Pandora (PANDORA) +134%
BitTorrent (new) (BTT) +44%
Goldfinch (GFI) +35.6%
👉 Today's Token Unlocks
Ethereum Name Service (ENS): $30.55M
Hypercycle (HYPC): $25.8M
Optimism (OP): $3.58M
👉 Recent Funding Round
Omega $6M funding round with participation from Blockchain.com and Borderless Capital
LightLink $4.5M seed round with participation from JellyC and Block3 Ventures
GLIF $4.5M Seed round led by Multichain Capital
BTC Futures
Aggregated Volume — $54.1B
Aggregated Open Interest — $12.6B
👉 Derivatives Market Analytics
💎 ERC-404: New Narrative on Horizon
The world recently saw a new token standard, ERC-404, which combines fungible (ERC-20) and non-fungible (ERC-721) tokens, and it looks like it's going to be the next big thing in the crypto space!
How Does ERC-404 Works?
The easiest way is to describe it using an example. The first project to use the ERC-404 standard was Pandora, which has an issue of 10,000 tokens and 10,000 NFTs. Each holder of a fungible token also receives an NFT associated with the fungible token. Each time a user buys or sells $PANDORA, the NFT is minted or burned.
So far, Pandora and other ERC-404 tokens have seen huge gains over the past few days and keep growing. It also fits nicely into the current narrative of meme tokens. Follow them on CryptoRank to track their performance!
Pros and Cons of ERC-404
ERC-404 is designed to solve one of the key problems of NFTs, their liquidity, meaning it could be a game-changing solution for the NFT market.
While the new token standard is attracting a lot of attention, it has one significant drawback: ERC-404 is unaudited, which means it may have significant vulnerabilities. Be careful and DYOR!
On CryptoRank you can find all relevant info about ERC-404 projects in our new tag. The tag is updated regularly, stay tuned for updates!
👉 https://cryptorank.io/tags/erc404
The Latest Breaking News 📣
— BlackRock’s Bitcoin ETF inflows climb to fifth-highest among all ETFs in 2024
— SEC delays another Ethereum ETF application
— Solana network restarts after outage that lasted five hours
— MicroStrategy acquired 850 bitcoin for $37.2 million in January
— Court orders Ripple to disclose financial statements to SEC
👉 https://cryptorank.io/news
Top 15 Blockchains by Total Transactions in January
Solana - 747M
Tron - 143M
Sei - 130M
BNB Chain - 125M
Polygon - 103M
NEAR Protocol - 89.1M
Sui - 54.8M
zkSync Era - 43.5M
Ethereum - 36.0M
Arbitrum - 28.7M
Aptos - 19.6M
Mantle - 15.1M
Bitcoin - 14.7M
Avalanche - 14.3M
Optimism - 12.4M
👉 https://cryptorank.io/categories/chain
Bitget Will List OriginTrail
Bitget has announced that OriginTrail (TRAC) will be listed in the Innovation and Web3 Zone. The trading will open on February 7, 11:00 (UTC) in pairs with USDT. Withdrawal will be available on February 8, 12:00 (UTC).
👉 https://www.bitget.com/support/articles/12560603805107
The Latest Breaking News 📣
— Genesis seeks approval to sell $1.6B in $BTC, $ETH, and $ETC held in Grayscale
— Solana ‘Chapter 2’ crypto phone reaches 60,000 preorders
—DAU on Farcaster surge to all-time high, driven by Frames launch
— GoDaddy to charge $0 for ENS .eth web domains pairing
— South Korea arrests Haru Invest executives under $826M allegation
👉 https://cryptorank.io/news
Top 10 Tokens Launched in January by Market Cap
Manta Network $683M
AltLayer $349M
Ondo $317M
XAI $218M
PepeFork $200M
Sleepless AI $141M
ZKFair $93M
GT-Protocol $88.8M
WEN $51.7M
Magic Square $38.6M
👉 https://cryptorank.io/performance
Best Performing Token Sales of January by Current ROI
GT-Protocol 12.0x
ZetaChain 10.3x
BendDAO 8.7x
Project Hive 6.3x
Magic Square 5.2x
Cakepie 4.2x
Moon App 4.2x
Ondo 4.1x
Vector Reserve 3.5x
Sociapol 3.3x
👉https://cryptorank.io/ico
📈Market Overview
Bitcoin price trades around $43K. The top-10 cryptos are traded in different directions:
BNB +1.83%
Solana +1.32%
XRP -1.14%
Market capitalization: $1.72T (+0.38%)
The BTC dominance: 49.00% (+0.12%)
Fear & Greed Index: 60 (Greed)
👉 Top Gainers
Arcblock (ABT) +121.4%
Troll (TROLL) +56.2%
Sperax (SPA) +35.1%
👉 Today's Token Unlocks
Galxe (GAL): $17.02M
Optimism (OP): $3.22M
Work X (WORK): $1.63M
👉 Recent Funding Round
Cube.Exchange $12M Series A round led by 6th Man Ventures with participation from ParaFi Capital
Clusters $9M Seed round with participation from Arrington XRP Capital and Electric Capital
Pixelmon $8M Seed round with participation from Animoca Brands and Bitscale Capital
BTC Futures
Aggregated Volume — $30.3B
Aggregated Open Interest — $11.3B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades below $43K. The top-10 cryptos are traded in a red zone:
Cardano -3.44%
Solana -1.98%
BNB -0.59%
Market capitalization: $1.72T (-0.55%)
The BTC dominance: 48.91% (+0.21%)
Fear & Greed Index: 60 (Greed)
👉 Top Gainers
Oxygen (OXY) +121.4%
Myro ($MYRO) +56.2%
MANTRA (OM) +35.1%
👉 Today's Token Unlocks
Near Protocol (NEAR): $26.52M
Sleepless AI (AI): $11.92M
Optimism (OP): $3.14M
👉 Recent Funding Round
Cube.Exchange $12M Series A round led by 6th Man Ventures with participation from ParaFi Capital
Clusters $9M Seed round with participation from Arrington XRP Capital and Electric Capital
Pixelmon $8M Seed round with participation from Animoca Brands and Bitscale Capital
BTC Futures
Aggregated Volume — $18.2B
Aggregated Open Interest — $11.2B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades above $43K. The top-10 cryptos are traded in different directions:
Avalanche +1.86%
Cardano +1.71%
Solana -1.85%
Market capitalization: $1.73T (+0.43%)
The BTC dominance: 48.81% (-0.18%)
Fear & Greed Index: 60 (Greed)
👉 Top Gainers
Oxygen (OXY) +168.8%
Arcblock (ABT) +46.6%
MANTRA (OM) +29.6%
👉 Today's Token Unlocks
Sui (SUI): $93.66M
Nym (NYM): $13.39M
Optimism (OP): $3.21M
👉 Recent Funding Round
Cube.Exchange $12M Series A round led by 6th Man Ventures with participation from ParaFi Capital
Clusters $9M Seed round with participation from Arrington XRP Capital and Electric Capital
Pixelmon $8M Seed round with participation from Animoca Brands and Bitscale Capital
BTC Futures
Aggregated Volume — $33.6B
Aggregated Open Interest — $11.2B
👉 Derivatives Market Analytics
Top 10 Blockchains by 30D TVL Growth
Mode +293 399%
Interlay +305%
Injective +258%
PulseChain +210%
EOS EVM +183%
Sei +162%
ShimmerEVM +146%
Alephium +138%
Carbon +125%
Sui +122%
👉 https://cryptorank.io/categories/chain
The Latest Breaking News 📣
— BlackRock and Fidelity’s ETFs attract over $5bn worth of Bitcoin in three weeks
— Bitcoin volumes reach highest since 2021 in sign sophisticated investors are piling in
— Polygon Labs lays off 19% of team after ‘rapid growth’ during crypto’s bull run
— DOJ charges trio for $400 million SIM-swapping hack targeting FTX
— Three Arrows co-founders’ OPNX exchange is shutting down
👉 https://cryptorank.io/news
Top 10 Most Popular Projects on Solana
Jupiter Exchange 1.28M
Raydium 522K
Magic Eden 189K
MeanFi 182K
marginfi 172K
Sol Incinerator 110K
Kamino Finance 81K
Wormhole 72K
Jito 68K
Drift Protocol 64K
👉 https://cryptorank.io/tags/solana-ecosystem
The Latest Breaking News 📣
— Ether tops $2.4K as Cathie Wood's Ark, 21Shares amend Spot ETH ETF filing
— Ethereum's Dencun upgrade reaches final ‘Holesky’ testnet
— CME trading volume reached highest in 3 years after Bitcoin ETF approval
— Wormhole announces airdrop and 4-year tokenomics plan
— Frax Finance launches Fraxtal, its new Layer 2
👉 https://cryptorank.io/news
Top 15 DeFi Projects by 30D Active Users
PancakeSwap - 1.69M
Jupiter - 1.26M
SyncSwap - 922K
Uniswap - 871K
Stargate - 738K
Raydium - 519K
L2Pass - 393K
Odos - 385K
Maverick Protocol - 291K
1inch - 282K
WOOFI - 275K
Mute - 273K
Jumper - 255K
0x Protocol - 251K
Wormhole - 217K
👉 https://cryptorank.io/categories/defi
TVL Performance on Major Blockchains in January 2024
The total value locked on all blockchains increased slightly in January 2024 due to the growth of TVL on major blockchains such as Ethereum, Solana and Arbitrum.
👉 https://cryptorank.io/blockchains
📈Market Overview
Bitcoin price trades below $43K. The top-10 cryptos are traded in different directions:
Ethereum +2.22%
Bitcoin +0.61%
Cardano -0.33%
Market capitalization: $1.73T (+0.76%)
The BTC dominance: 48.79% (-0.19%)
Fear & Greed Index: 62 (Greed)
👉 Top Gainers
SPACE ID (ID) +89.7%
Access Protocol (ACS) +56%
Coq Inu (COQ) +36%
👉 Today's Token Unlocks
Myria (MYRIA): $5.48M
Hashflow (HFT): $4.93M
Tokocrypto (TKO): $4.93M
👉 Recent Funding Round
LightLink $4.5M seed round with participation from JellyC and Block3 Ventures
GLIF $4.5M Seed round led by Multichain Capital
Startale Labs $3.5M Series A round with participation from SamsungNext and Signum Capital
BTC Futures
Aggregated Volume — $42.4B
Aggregated Open Interest — $11.5B
👉 Derivatives Market Analytics
Top 7 IDO Launchpads by Average ROI in January
ChainGPT Pad +701.6%
DAO Maker +402.2%
Gamestarter +386.3%
Seedify +194.8%
Red Kite +116.2%
Enjinstarter +96.7%
Poolz Finance +77.7%
👉 https://cryptorank.io/ido-platforms-roi
Solana Experiencing First Outage In Almost a Year
Solana stopped producing blocks almost an hour ago. This is the first outage in almost a year according to Solana Status.
SOL price falls 2.5% in the past hour.
👉 https://cryptorank.io/price/solana
📈Market Overview
Bitcoin price trades below $43K. The top-10 cryptos are traded in different directions:
Ethereum +0.59%
Avalanche -3.29%
Solana -1.56%
Market capitalization: $1.72T (-0.01%)
The BTC dominance: 48.88% (-0.1%)
Fear & Greed Index: 64 (Greed)
👉 Top Gainers
Whales Market (WHALES) +70%
Sperax (SPA) +60.6%
SwftCoin (SWFTC) +44.4%
👉 Today's Token Unlocks
Inspect (INSP): $5.07M
Optimism (OP): $3.22M
Talken (TALK): $1.34M
👉 Recent Funding Round
Oobit $25M Series A round with participation from Tether and CMCC Global
Nibiru $12M funding round with participation from NGC Ventures and Kraken Ventures
Kodiak $2M Seed round with participation from Shima Capital and Amber Group
BTC Futures
Aggregated Volume — $42.4B
Aggregated Open Interest — $11.5B
👉 Derivatives Market Analytics
Farcaster Crosses 20K Daily Active Users 📈
Farcaster's popularity has skyrocketed recently, and the decentralised protocol designed specifically for building social networks recently passed the 20,000 daily active user milestone.
Farcaster offers the ability to create applications, but most users use it to mint NFTs and tokens such as $DEGEN. Such an opportunity quickly increased its popularity, resulting in exponential user growth in just a few days.
👉 https://cryptorank.io/ico/farcaster
Crypto News Weekly Recap #188 📣
— BlackRock and Fidelity Bitcoin ETFs reach top 10 in January flows
— Bitcoin volumes reach highest since 2021
— Visa enables crypto withdrawals on debit cards in 145 countries
— Solana monthly transaction volume hits multi-year high
— German police seize $2.1B worth of Bitcoin in piracy sting
— Google has updated its advertising policy to allow cryptocurrency trust products
— Ripple reportedly hacked for $112M in XRP
— Polygon Labs lays off 19% of team after ‘rapid growth’ during crypto’s bull run
👉 https://cryptorank.io/news
Top 10 Gainers of the Week 📈
Arcblock +264%
Oxygen +159.4%
Victoria +67.2%
MANTRA +62.5%
GamerCoin +52.5%
LCX +52%
GT-Protocol +50.6%
Songbird +44.4%
Numeraire +43.6%
Nervos Network +43.6%
👉 https://cryptorank.io/performance
Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
Cheelee - $185.99M
Internet Computer - $42.12M
Magic Square - $28.62M
GMT - $26.56M
Ethereum Name Service - $25.50M
DAO Maker - $22.88M
Galxe - $15.79M
👉 https://cryptorank.io/token-unlock
📈 Monthly Spot Exchange Volume Reached 12 Months High
The spot volume on leading centralised exchanges increased by 10.4% compared to December 2023, reaching a new 12-month high. Binance remains the leading CEX with nearly 52% dominance.
Monthly spot volume change by exchange:
Binance +9.8%
Coinbase +18.6%
OKX +5.9%
KuCoin +3.3%
Kraken +12.1%
Upbit +44.6%
HTX +23.8%
Bybit +15.0%
Crypto.com +28.4%
Gate.io -34.0%
👉 https://cryptorank.io/exchanges
Top Gainers in January 2024 🔥
Discover the best performing projects of the month.
👉https://cryptorank.io/performance
📈Market Overview
Bitcoin price trades above $43K. The top-10 cryptos are traded in a green zone:
Solana +5.10%
Avalanche +3.71%
Cardano +3.59%
Market capitalization: $1.73T (+2.21%)
The BTC dominance: 48.94% (-0.01%)
Fear & Greed Index: 63 (Greed)
👉 Top Gainers
ZetaChain (ZETA) +133.8%
Victoria VR (VR) +37.4%
HarryPotterObamaSonic10Inu (ETH) (BITCOIN) +29.6%
👉 Today's Token Unlocks
Orbler (ORBR): $11.78M
Optimism (OP): $3.17M
Perion (PERC): $1.59M
👉 Recent Funding Round
Squid $4M Strategic round led by Polychain Capital with participation from Fabric Ventures
NAVI Protocol $2M Funding round led by Hashed Fund and OKX Ventures
Hivello $1.5M Funding round with participation from Blockchange Ventures and MH Ventures
BTC Futures
Aggregated Volume — $44.6B
Aggregated Open Interest — $11.3B
👉 Derivatives Market Analytics