Data: In October, the cryptocurrency market financing was approximately 1.954 billion USD, a month-on-month increase of 83.5%, with Kalshi accounting for over 50% of a single transaction

According to RootData statistics, there were a total of 53 financing events disclosed in the crypto primary market in October, with a total disclosed financing amount of approximately $1.954 billion, an increase of 83.5% compared to September's $1.065 billion, and a decrease of 45.3% compared to $3.573 billion in October last year; the number of financing events increased by 12.8% compared to 47 in September, and decreased by 32.1% compared to 78 in the same period last year.

From the perspective of sector distribution, DeFi and infrastructure each completed 17 financing events, with disclosed amounts of approximately $1.157 billion and $348 million, respectively; CeFi completed 9 financing events with a disclosed amount of approximately $343 million. Prediction markets, AI infrastructure, payment, and institutional financial services are the main directions for large financing this month.

The top three projects by financing amount are Kalshi ($1 billion), Whop ($200 million), and Pearl ($130 million), while Nous Research and Spiko disclosed financing of $90 million each. The top five projects totaled approximately $1.510 billion, accounting for 77.3% of the total disclosed financing this month, with Kalshi alone accounting for about 51.2%.

In terms of RWA, according to project tags, there were 6 RWA-related projects that disclosed financing this month, totaling approximately $12.2 million, accounting for 11.3% of the month's financing events and 6.3% of the disclosed amount. Among them, Spiko completed a $90 million Series B financing, while Fission and Multiliquid disclosed financing of $10 million and $8 million, respectively.

In terms of mergers and acquisitions, there were 11 recorded M&A events this month, the same as in September, with transaction amounts undisclosed, including projects like BTCBOX, Zodia Custody, Zeal, and Z.com EX.

Regarding investment institutions, Tether participated in 4 financing events, while Sequoia Capital, Pantera Capital, and North Island Ventures each participated in 3 events, and Blockchain Capital, Coinbase Ventures, and others also made multiple investments.