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Source-Phoenix Group — Analytics Variational Category: DeFi Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives. Funds Raised: $61.8M Ritual Category: Infrastructure Ritual is buildi…

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Source-Phoenix Group — Analytics

Variational

Category: DeFi

Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives.

Funds Raised: $61.8M

Ritual

Category: Infrastructure

Ritual is building the infrastructure autonomous intelligence needs: native compute, privacy, verification, coordination, and markets for long-lived agents.

Funds Raised: $25.0M

Multipli

Category: DeFi

Multipli is a decentralized yield and collateralization protocol designed to generate returns on traditionally non-yield-bearing assets, stablecoins, and tokenized real-world assets.

Funds Raised: $22.5M

Concrete

Category: DeFi

Concrete is a modular decentralized finance platform designed to automate and optimize on-chain yield generation, borrowing, and credit management.

Funds Raised: $17M

TownSquare

Category: DeFi

TownSquare is an institutional-grade yield infrastructure and non-custodial cross-chain lending protocol, designed to bridge DeFi liquidity with RWAs and stablecoins.

Funds Raised: $16.2M

Ethos Network

Category: Social

Ethos is a decentralized social application designed to bring reputation and credibility onto the blockchain.

Funds Raised: $10.1M

Catapult Trade

Category: Launchpad

Catapult Trade is a gamified token launchpad and synthetic trading platform built on the Solana blockchain and powered by Hyperliquid infrastructure.

Funds Raised: $6.4M

Doppler Finance

Category: DeFi

Doppler Finance is a decentralized finance protocol built on the XRP Ledger to unlock on-chain yield for XRP holders.

Funds Raised: $5.5M

Apyx

Category: Stablecoin

Apyx is a stablecoin protocol backed by preferred shares of Digital Asset Treasuries.

Funds Raised: $3M

Teneo Protocol

Category: Infrastructure

Teneo is a decentralized data platform focused on unlocking and monetizing real-world data for Web3 applications.

Funds Raised: $3M

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