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 54 financing events disclosed in the crypto primary market in October, with a total disclosed financing amount of approximately 1.954 billion USD, an increase of 83.5% compared to 1.065 billion USD in September, and a decrease of 45.3% compared to 3.573 billion USD 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, both DeFi and infrastructure completed 17 financing events, with disclosed amounts of approximately 1.157 billion USD and 348 million USD, respectively; CeFi completed 9 financing events with a disclosed amount of approximately 343 million USD. Prediction markets, AI infrastructure, payment, and institutional financial services were the main directions for large financing this month.The top three projects by financing amount were Kalshi (1 billion USD), Whop (200 million USD), and Pearl (130 million USD), while Nous Research and Spiko disclosed financing of 90 million USD each. The top five projects accounted for approximately 1.510 billion USD, which is 77.3% of the total disclosed financing amount 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 USD, accounting for 11.3% of the monthly financing events and 6.3% of the disclosed amount. Among them, Spiko completed a 90 million USD Series B financing, while Fission and Multiliquid disclosed financing of 10 million USD and 8 million USD, 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, Sequoia Capital, Pantera Capital, and North Island Ventures each participated in 3, while Blockchain Capital, Coinbase Ventures, and others also made multiple investments.