Crypto Fundraises August 2nd - August 9th

Welcome to the Coinfeeds Weekly Fundraising Report!

In the week of August 8th, we found 8 rounds totaling $11.1 million, excluding those with undisclosed amounts.

Below is a breakdown of the number companies that fundraised by sector:

DeFi

D8X, an institutional-grade DEX that revolutionizes perpetual futures trading on the Polygon blockchain. Operating with a financial engineering approach, D8X offers a unique pricing mechanism that adapts to market shifts, ensuring the best trading conditions for both liquidity providers and profitable traders in the DeFi space. With the power of Polygon's zkEVM, D8X introduces a seamless and white-label-ready DEX solution, opening doors for traders, brokers, liquidity providers, and more to engage in a new era of decentralized derivatives trading. They announced on August 4th that they had raised a $1.5 million Pre-Seed round from investors such as Polygon Ventures, Axelar, and SwissBorg.

unshETH, an on-chain staking platform and liquidity marketplace which we have previously featured in our Genesis Newsletter that makes access to high yields and stable TVLs simple. Users can access said yields through wrapped tokens like wstETH, cbETH, rETH, and sfrxETH. The max APY on unshETH is currently over 812%. They announced on August 8th that they had raised a $3.3 million Seed round from investors such as Soma Capital, MH Ventures, Iconiq Capital, and more.