Blockchain Funding Surges to $100 Million Across 10 Deals

Weekly blockchain investment rose, led by a $68M round for trading protocol Lighter and $11M for Acurast’s decentralized privacy computing initiative.

Summary

Between November 10 and 16, the blockchain sector secured $106.5 million across seven financing deals, up from $100 million the previous week. The largest transaction was a $68 million investment in crypto trading protocol Lighter, followed by $11 million for Acurast’s decentralized privacy computing project.

Terms & Concepts
  • Blockchain: A decentralized ledger technology used to securely record transactions across multiple computers.
  • Crypto Trading Protocol: A set of rules and technologies enabling peer-to-peer or exchange-based cryptocurrency transactions.
  • Decentralized Privacy Computing: A computing approach leveraging decentralized networks to process data while preserving privacy and confidentiality.