Crypto startups secure $800 million in venture capital funding throughout November.

Venture capital (VC) firms allocated nearly $800 million to crypto startups in November, as per DefiLlama data.

Although it marked the fourth-highest month for funding this year, the total was an 8% decrease compared to the funds raised in October.

Infrastructure remains dominant

The blockchain gaming industry secured approximately $71 million in funding, while broader web3 initiatives obtained $8.2 million.

Monkey Tilt, a digital platform providing a gamified gambling experience powered by cryptocurrency, attracted the largest investment in the gaming sector, totaling $30 million. Pantera Capital spearheaded the Series A funding round.

VC funds invested over $583 million in startups focused on crypto-related infrastructure in November, making it the sector with the most substantial funding.

The largest funding rounds were led by Zero Gravity Labs, which raised $40 million, and Bitcoin miner Canaan Creative, which secured $30 million through a private equity offering.

DeFi rises

After experiencing a rebound between September and October, the DeFi ecosystem achieved a 31% increase in monthly funding, reaching $128.2 million.

USDX Money, a synthetic stablecoin issuer pegged to the US dollar, completed the largest funding round, receiving $45 million from NGC Ventures, BAI Capital, Generative Ventures, and UOB Venture.

Additionally, World Financial Liberty (WLFI) garnered the second-largest amount through a token sale, with Justin Sun, the founder of Tron, investing $30 million. WLFI is a credit market supported by President-elect Donald Trump and his family.

StakeStone, a liquid staking protocol operating across multiple blockchains, raised $22 million in a strategic round led by Polychain Capital.

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