Three months, one board. Who raised, who launched, who got bought — and the fund writing the most checks.
The standouts:
— Crypto.com landed the summer's biggest round: $400M strategic from Citadel Securities. Wall Street buying into the exchange.
— Figure made the biggest M&A, acquiring Kiavi for $717M. RWA lending swallowing real estate.
— Cap [CAP] led token launches: 6.3x off a $106M public sale, now sitting at a $675M FDV.
— Robinhood didn't launch its L2 quietly: $713M TVL and $16.1B in 30-day DEX volume.
— Axis was the biggest new DeFi protocol: $67.7M TVL on a market-neutral basis-trade play, ~10-20% projected APY.
— Coinbase Ventures stayed the busiest fund: 12 rounds, headlined by Canton Network at $335M.
