RAMS
Raised: $525M
Description: Protocol network state looking to unleash composability
on decentralized digital assets
Backed by: Manticore, ARCH, Gem Digital
Avalanche
Raised: $250M
Description: High-performance blockchain for building
Backed by: Dragonfly, Galaxy, ParaFi
MONAD
Raised: $225M
Description: Proof-of-stake L1 enabling EVM compatibility and parallel execution
Backed by: Paradigm, Ventures Electric Capital
Blockstream
Raised: $210M
Description: Building blockchain and financial infrastructure
Backed by: Fulgur Ventures, a16zcrypto
Farcaster
Raised: $150M
Description: Sufficiently decentralized protocol by Coinbase veterans
Backed by: Paradigm, HAUN
Public
Raised: $135M
Description: Institutional-grade DeFi trading system
Backed by: Accel
Celestia
Raised: $100M
Description: Modular data availability layer designed for easy-to-launch blockchains
Backed by: Bain Capital Crypto, a16z crypto
Eigenlayer
Raised: $100M
Description: Protocol built for restaking assets
Backed by: Framework
BERACHAIN
Raised: $100M
Description: High composability proof-of-liquidity network
Backed by: Framework, Brevan Howard
Sentient
Raised: $85M
Description: Talented AI/ML research org building AGI
Backed by: Founders Fund, Pantera


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