💰Wormhole Closes Largest 2023 Crypto Raise With $225M
DeFi Alpha
Together with
GM Defiers!
Wormhole, the cross-chain interoperability protocol, closed the largest crypto funding round of 2023 by securing $225M at a $2.5B valuation.
In other news, opBNB activity is surging, Polkadot's Web3 Foundation is investing $1M in on-chain treasury bonds, dYdX kicked of its rewards campaign, Iota is pivoting to the Middle-East, Aave's GHO stablecoin is reclaiming its peg, and Stellar onboarded EURS.
Plus, the U.S. Treasury Department has sanctioned the crypto mixing protocol, Sinbad.
✍️ In today’s newsletter:
- Wormhole raises $225M
- OpBNB activity spikes
- Web3 Foundation invests in U.S. treasuries
- DYdX launches trading rewards
- IOTA rallies on major pivot
- GHO trends towards peg
- Stellar onbaords EURS
- Sinbad mixer sanctioned
🙏Sponsored
🎬 WATCH
Check out our recent interviews with Ethereum's chief scientist, Vitalik Buterin, and MakerDAO's co-founder, Rune Christensen, from the Devconnect conference in Istanbul. And watch our podcast with David Gogel of the dYdX Foundation to find out why his team migrated from an Ethereum Layer 2 to a Cosmos appchain.
THANKING OUR NEWSLETTER SPONSORS
| Newsletter continues below |
Vertex Protocol is a leading DEX on Arbitrum offering spot, perpetuals & money markets with unified cross-margin. Trade with lightning-fast speeds and super low fees across 23 markets. Unleash your trading – break free from CEXs.
Kaiko empowers web3 builders with comprehensive DeFi data solutions. We offer a normalized and consolidated source for DEX, lending protocol, and wallet data, covering every swap, mint, and burn across 10k+ pools. Our data is trusted by DeFi leaders including Aave, Nansen, Pyth, Chainlink, and TraderJoe.
Demex, a pioneering cross-chain derivatives DEX, introduces Perpetual Pools, a liquidity solution for perpetual markets. Experience deep liquidity, reduced spreads, and passive earnings, shaping the future of DeFi trading. Join the revolution.
