Indian Web3 startups raised $564 million in 2024, more than doubling from 2023. Infrastructure and finance sectors drove growth, while the developer community expanded 28% to 4.5 million, on track to surpass the U.S. by 2028.
Tokenized U.S. Treasuries have climbed to $13.53 billion, accounting for the largest share of the $29.22 billion RWA market. Circle’s USYC, Blackrock’s BUIDL, and Ondo’s USDY remain the leading products as institutional adoption and multi-chain expansion accelerate.
DeFi total value locked has climbed to about $176.9 billion, moving closer to the $200 billion mark. Ethereum remains dominant, but BSC, Terra, Polygon, Solana, and Avalanche are steadily expanding their share of on-chain liquidity.
Paper Ventures has debuted with $25 million in initial capital to back early-stage Web3 and blockchain startups, positioning itself as a hands-on investor that offers both funding and ecosystem support.
MetaMask launches a 'Sell' feature allowing users in the US, UK, and parts of Europe to convert ETH into USD, GBP, or EUR, with funds sent to bank accounts or PayPal. Plans to support Layer 2 tokens soon.
Singapore Gulf Bank has introduced a 24/7 stablecoin mint and redeem service for institutions and high-net-worth clients, starting with USDC transactions above $100,000 and offering temporary Solana fee waivers.
zkMe secures $2 million pre-seed funding from Circle Venture, Spartan Group, and others to build a zero-knowledge identity oracle for private, compliant on-chain credential verification.
Waves CEO Sasha Ivanov reveals the platform raised $16M via ICO, ranking sixth largest in crypto history. He discusses Waves’ vision: custom tokens, fiat transfers, crowdfunding, and making blockchain accessible to everyday users while cooperating with Ethereum instead of competing.
