ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD

The startup, focused on maximal extractable value (MEV) in blockchain transactions, raised $60 million in funding.

Crypto projects announced $129 million in funding last week from venture capital and other investors, down from the $201.4 million in the prior week.

The largest fundraisers were the $60 million round for Flashbots, a company focused on the maximal extractable value (MEV) of blockchain transactions, and the $30 million raise for payments application Hi.

Infrastructure projects again dominated the week with six projects, while Web3 was the only other categoryrepresented.Theweekwasalsodominated by early-stage deals in the seed or pre-Series A stages, a common theme during the extended crypto winter. Later stage rounds involve more risk and due diligence, and the size of those rounds has gotten smaller amid the bear market.

We are thrilled to announce that Dmail has achieved a significant milestone by successfully closing its Pre-A funding round. We have forged powerful partnerships with renowned firms such as Amino Capital, OIG VC, Draper Dragon, KuCoin Labs, HG Ventures, Spark Digital Capital, Vespertine Capital, LoneLine, BiXin Ventures, Lead Capital, TsingTing Capital, Wagmi Venture, Catcher VC, Gate Labs, Kretos Ventures, Black Ventures, and Red Swiss.

Additionally, we have onboarded talented professionals, some of whom were previously associated with Google, and blockchain industry experts,

The data in the table below only includes funding rounds where an amount was specified, which excluded a fundraise by Web3 infrastructure project Dmail The information was current as of 5pm ET on Friday, July 28. Any deal announced after that time will go into next week’s roundup.