Gate Research Institute: Total financing amount rise 7.3%, with high concentration in seed round becoming a new focus | 2025 September Web3 financing panorama interpretation

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Abstract

• According to data released by Cryptorank on October 9, 2025, the Web3 industry completed a total of 100 financing rounds in September 2025, with a total financing amount of 2.2 billion USD; the number of financing rounds decreased by 12.3% month-on-month, but the total financing amount increased by 7.3% against the trend, indicating that funds are accelerating towards leading and mature projects.
• The top 10 large-scale financing is primarily completed through traditional capital tools such as PIPE, IPO, and Post-IPO Debt, indicating that Web3 projects are accelerating their integration with the traditional financial system to attract institutional funds through compliant channels. The CeFi sector is leading strongly, occupying 7 positions and contributing the majority of the financing amount, with capital focus clearly returning to centralized institutions that possess real yields and regulatory potential. Meanwhile, several listed companies have used the financing funds to establish public chain treasuries, promoting on-chain capital allocation.
• From the perspective of track distribution, blockchain services and CeFi form a “dual-core drive,” with blockchain service financing reaching 889 million USD, surpassing CeFi to take the top position; CeFi follows closely with 806 million USD, demonstrating a continuous capacity for capital absorption.
• In terms of financing structure, small to medium-sized rounds (3 million to 10 million USD) continue to dominate, accounting for about one-third; the proportion of small financing under 1 million USD has decreased from 15% last month to 9.7%; at the same time, the proportion of large projects above 50 million USD has increased, although still only 8.3%, it has contributed significantly to the total financing amount, highlighting the increasingly prominent head effect.
• The distribution of financing rounds shows a distinct characteristic of “seed rounds dominating in quantity and amount, with later rounds being highly selective.” Seed rounds are the core stage of financing for the month, accounting for about 38.6% of the number of projects, while the amount of financing accounts for as much as 40%, leading significantly in both quantity and amount.
• At the investment institution level, Coinbase Ventures remains the most active, widely laying out in multiple tracks such as Blockchain Service, CeFi, DeFi, and Social.

Financing Overview

According to the data released by the Cryptorank Dashboard on October 9, 2025, the Web3 industry completed a total of 100 financing rounds in September 2025, with a total financing amount of 2.2 billion USD【1】. It should be noted that due to differences in statistical criteria, this amount differs from the total financing amount obtained by summing individual amounts (approximately 6.803 billion USD), which may be due to the exclusion of certain crypto asset strategic reserves, private placements, and IPO-type financings from the statistics. To maintain consistency in criteria, this article uniformly adopts the original statistical data from the Cryptorank Dashboard for analysis.

Compared to the 114 financing deals and 2.05 billion USD in August, the number of financing deals in September decreased by 12.28%, but the total financing amount increased by 7.3%. This phenomenon of “decreased volume but increased price” is mainly due to several large financing deals. For example, blockchain payment company Fnality raised 136 million USD in its Series C financing, while the average single financing amount for seed round projects increased significantly, such as the on-chain exchange Flying Tulip successfully raising 200 million USD in its seed round, which strongly supported the overall growth of financing scale.

From the perspective of the annual trend, the peak of financing occurred in March 2025, reaching a total of $5.79 billion, mainly driven by a few super-large transactions. There was a brief decline in April and May, but in June and July, it rebounded again, forming the second peak of the year (amounting to $4.81 billion and $4.06 billion respectively). It is noteworthy that the peak number of financing rounds appeared in December 2024, earlier than the peak in financing amount, indicating that the market was dominated by small and medium-sized transactions at that time.

As we enter the second half of the year, the pace of financing has clearly slowed down, but both August and September remain stable in a range above $2 billion, indicating sustained investment and fundamental confidence in Web3 innovation. Overall, despite fluctuations in financing scale, the Web3 industry has still attracted billions of dollars in venture capital over the past year. The continued activity of capital signifies that the market is gradually transitioning from a “high-frequency, high-value speculation phase” to a “selected, high-quality, stable phase.” Capital is beginning to focus on projects with clear business models and long-term ecological values, rather than short-term conceptual hype, marking the industry's entry into a new cycle of maturity and parallel differentiation.

Although some large-scale capital transactions obtained through traditional capital channels are not included in the conventional monthly financing amount statistics, traditional capital instruments absolutely dominated the financing path in the Top 10 large financing rounds reported by Cryptorank Fundraising Rounds. Most of the Top 10 large financings were primarily completed through traditional capital market tools such as PIPE (Private Investment in Public Equity), IPO (Initial Public Offering), and Post-IPO Debt. This structural characteristic indicates that mature projects in the Web3 field are accelerating their alignment with the traditional financial system, attracting institutional funds through compliant pathways, marking that the industry is entering a new stage of “deep integration and refined allocation” of capital.

Structurally, in September's Top 10 financing projects, the CeFi sector is leading strongly, occupying 7 positions and contributing the majority of financing amounts, with capital focus clearly returning to centralized institutions that have real revenue models and compliance potential. More importantly, since “public chain assetization” has become the new strategic theme, several listed companies and emerging financial institutions have clearly stated that they will use financing funds to build specific public chain treasury, becoming an important way for projects to acquire large-scale funds. Forward Industries (1.65 billion USD) and Helius Medical Technologies (500 million USD) are laying out the Solana (SOL) ecological treasury through PIPE funding, while ETHZilla (350 million USD) focuses on Ethereum asset allocation, indicating that mainstream public chain tokens are being incorporated into corporate financial reserve systems. Meanwhile, Figure (787 million USD, IPO) and StablecoinX (530 million USD, PIPE) focus respectively on blockchain financial services and the underlying staking of the Ethena protocol, further reinforcing the institutionalization and financialization trend of the CeFi sector.

Beyond CeFi, blockchain services and infrastructure projects such as Rapyd, AlloyX, and Fnality have also received significant funding, confirming the continued rise in the popularity of the payment and cross-border settlement sector. At the same time, the DeFi sector has shown some highlights: the on-chain exchange Flying Tulip secured an unprecedented $200 million in its seed round, reflecting capital's concentrated bet on on-chain derivatives and structured yield sectors with disruptive potential.

Overall, the Top 10 financing in September reflects a profound transformation in the Web3 capital landscape: traditional capital is dominating the large-scale financing structure, CeFi has become the main entry point, infrastructure and payment systems are experiencing steady growth, and DeFi innovation has regained attention. The logic of capital allocation has shifted from purely chasing innovation to balancing compliance, sustainable returns, and ecological strategic synergy.

According to Cryptorank Dashboard data, the funding landscape for Web3 in September 2025 shows a clear “dual-core drive” feature, with Blockchain Service and CeFi (Centralized Finance) becoming dominant forces. Among them, the Blockchain Service sector ranks first with a total funding amount of $889 million, strongly surpassing the long-standing leader CeFi, indicating that capital is accelerating towards technology platforms, data services, and solution projects that can provide underlying support for the entire Web3 ecosystem. This type of “water seller” role is seen as key to driving industry expansion and improving cost efficiency.

The CeFi sector closely follows with $806 million, continuing to demonstrate strong capital absorption capability. The two leading sectors have collectively raised over $1.6 billion, fully reflecting the market's dual strategic optimism towards financial infrastructure and service systems.

In terms of the application layer, DeFi (Decentralized Finance) has performed relatively steadily, securing third place with $298 million in funding. Despite the overall decline in enthusiasm, the focus of investment has shifted from high-risk narratives to projects that offer real returns and robust mechanisms, such as on-chain derivatives, lending, and yield aggregation protocols, demonstrating ongoing confidence from capital in sustainable financial innovation.

In contrast, Blockchain Infrastructure financing is about $70.95 million, indicating that underlying innovation is still progressing steadily; GameFi ($58.86 million) and Social ($45 million) have a relatively low share of funding, reflecting that application layer projects face higher selection thresholds during periods of capital contraction; the Chain track only received $31.4 million, and the narrative around new public chains has significantly cooled.

Overall, the financing data for September clearly reveals a deepening shift in the capital allocation logic of Web3: capital is concentrating from high-risk application sectors to more stable service and financial domains, forming a new pattern of “service first, finance as king.” Infrastructure and service platforms are replacing the singular financial narrative, becoming the core stronghold of the new round of capital layout.

According to the financing data of 72 Web3 projects disclosed in September 2025, small and medium-sized financing (in the range of 3 million to 10 million USD) remains mainstream in the market, accounting for more than one-third, indicating that capital is still highly focused on early projects with growth potential. The financing in the range of 1 million to 3 million USD accounts for 19.4%, a significant increase from last month's 12.5%, suggesting that in a tightening capital environment, incubator and seed-stage projects still demonstrate resilience, and investors are more inclined to support startup teams with technological breakthroughs or clear application scenarios. In contrast, the proportion of small financing below 1 million USD decreased from last month's 15% to 9.7%, reflecting the market's increasing caution towards “purely conceptual” projects.

In terms of late-stage financing, projects in the range of $10 million to $50 million remain stable, with funds primarily flowing into infrastructure and financial services sectors that have mature business models and ecological synergy effects. Notably, the proportion of large-scale financing in the range of $20 million to $50 million and above $50 million has both increased, with projects above $50 million accounting for only 8.3%, yet contributing significantly to the total financing amount, highlighting the strong capital-absorbing effect and capital concentration trend of leading projects.

Overall, the Web3 fundraising landscape in September exhibited the characteristic of “polarization and structural robustness coexisting”: on one end, funds continuously flowed towards early-stage innovative projects with potential breakthroughs, while on the other end, capital concentrated on mature enterprises that have been market-validated and possess clear paths to profitability; the market capital is increasingly favoring “quasi-unicorn” projects that have long-term moats and scalability potential.

According to the data on 67 Web3 project funding rounds disclosed in September 2025, the market structure shows a clear characteristic of “seed rounds dominating in quantity and amount, with later rounds being highly selective.”

High quantity and amount in the seed round, significant capital bets on early innovation: The seed round is the core stage of financing for the month, accounting for approximately 38.6% of the number of projects and an even higher 40% of the financing amount, leading in both quantity and amount. This high concentration is mainly driven by a few individual super-large financings, such as the on-chain exchange Flying Tulip successfully raising $200 million in the seed round. This indicates that capital still tends to invest in early-stage projects with potential, but is precisely screening for targets with innovative mechanisms, real revenue models, or new narrative potential, daring to lock in early growth space with substantial funds.

Strategic Synergy and Mid-to-Late Stage Selection: Strategic financing remains strong, with the number of projects accounting for approximately 30%, reflecting a deepening ecological synergy between mature projects and large institutions, where capital participates more in ecological construction and vertical integration in the form of strategic investments. Unlike the previous months where A/B round amounts dominated, this month, the total amount of A and B round financing accounts for about 24.1%, showing a “steady acceptance” characteristic. However, it should be noted that although the number of Series C projects is extremely low (1.4%), its financing amount accounting for as high as 15.3% (such as the blockchain payment company Fnality) fully reflects the characteristic of high single-value funding in later rounds.

Early incubation tends to be cautious: In contrast, the financing activities in the angel round and Pre-Seed stage are relatively limited (the number of financing projects accounts for about 12.9%, but the total amount of financing accounts for less than 2.5%), reflecting a cautious approach towards early incubation funds. The market is gradually entering a refined investment cycle centered around commercial validation.

Overall, the financing structure in September shows a new pattern of “early concentration, later selection, and strategic collaboration”: early innovations remain the key focus for capital allocation, but the concentration of funds has increased; mid-to-late stage financing is becoming more rational, concentrating support on leading projects with sustainable revenue and ecological collaboration capabilities. This trend indicates that the Web3 market is transitioning from a “capital trial-and-error period” to a “value screening period”, with the industry entering a new stage oriented towards quality and sustainable growth.

According to data released by Cryptorank on October 9, 2025, the institutions with the highest activity in Web3 investments in September were mainly concentrated in Coinbase Ventures, Mirana Ventures, and Paradigm, which led in the number of investment projects compared to other institutions, demonstrating their continued dominance in the early stages of the industry. Among them, Coinbase Ventures was the most active institution in terms of the number of investment projects this month, covering multiple tracks such as Blockchain Service, CeFi, DeFi, and Social, showcasing its systematic and ecological investment strategy; while Mirana Ventures and Paradigm focused more on blockchain infrastructure and DeFi protocols, continuing a dual-driven strategy centered on technological innovation and financial derivatives.

From the perspective of track distribution, DeFi and Blockchain Service continue to dominate investment trends, indicating that the market's focus is shifting from singular financial innovations to a sustainable development direction that combines service and revenue layers. In contrast, the financing proportions for Social, GameFi, and NFT are relatively low, showing that application-layer projects are facing higher thresholds for commercial validation and user growth in a tightening capital environment.

Overall, the institutional investment landscape in September reveals that capital allocation is shifting from “investing in narratives” to “investing in structures”—top-tier institutions are increasing their investments in infrastructure and service sectors, while medium-sized institutions are focusing on ecological connectivity and application innovation. The investment logic of the entire market is moving towards a stage of maturity and differentiation.

Key Financing Projects to Focus on in September

Flying Tulip

Introduction: Flying Tulip is an on-chain exchange that offers spot trading, perpetual contracts, lending, options, and structured yield features. The platform combines the automated market maker (AMM) with an order book, supports volatility-adjusted lending, and allows cross-chain deposits to facilitate unified DeFi trading.【3]

On September 30, Flying Tulip completed a $200 million private seed round financing, corresponding to a token FDV of $1 billion; it currently plans to raise an additional $800 million through a public sale of its FT token, at a valuation of $1 billion.

Investment Institutions/Angel Investors: Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, Virtuals Protocol, etc.

Highlights:

1. The biggest innovation of Flying Tulip lies in its original “Onchain Redemption Right”, also known as “Perpetual Put”. This mechanism allows private or public investors to destroy their FT tokens at any time and redeem their principal with the original invested assets (such as Ethereum). This sets a bottom-line protection for participants, which can reduce downside risk while retaining upside potential, making it an unprecedented investor protection mechanism in the DeFi space.
2. Flying Tulip is positioned as a full-stack on-chain exchange, integrating various DeFi products such as spot trading, perpetual contracts, options, lending, insurance, and native stablecoins (ftUSD) within a single platform. It also employs a volatility-sensitive curve and adaptive AMM mechanism, achieving optimal execution through smart routing of limit orders; its perpetual contracts use internal pricing settlement, eliminating reliance on external oracles, effectively reducing liquidation risk while maintaining full decentralization.
3. Flying Tulip has abandoned the unsustainable model that relies on token incentives. Its core idea is to maintain operations through the profits generated from raised funds. The project will invest the raised funds into low-risk DeFi strategies to generate profits, which will cover startup costs until the product line achieves self-sustaining profitability. Subsequently, various income sources such as transaction fees, lending spreads, liquidation, and insurance fees will be transformed into the impetus for token buybacks, creating a natural deflationary mechanism that encourages long-term holding and forms a sustainable and healthy token economics.

Aria

Introduction: Aria is a tokenization platform for IP assets built on the Story public blockchain, dedicated to transforming intellectual properties such as music, art, and film into tradable and transferable on-chain assets. The project is jointly promoted by Aria Protocol Labs Inc. and Aria Foundation, aiming to address the long-standing issues of insufficient liquidity and opaque value pricing in the traditional IP market through blockchain technology. [5]

On September 3rd, Aria announced the completion of a $15 million seed and strategic round financing, with a latest valuation of $50 million. This round of financing will mainly be used to expand into new IP categories such as art and film, accelerating the global implementation of its IP assetization ecosystem.

Investment Institutions: Polychain Capital, Neoclassic Capital, Story Protocol Foundation, etc.

Highlights:

1. Aria not only puts intellectual property (IP) on the blockchain but also builds a complete IP financial ecosystem, achieving the segmentation, liquidity, and financialization of IP. IP can be freely traded, combined, and reused like securities, while smart contracts ensure clear copyright ownership and automatic distribution of profits. The platform is built on the Story public chain designed specifically for IP, with core innovations in embedded copyright management and automatic profit distribution mechanisms, enabling the full lifecycle management and value circulation of IP such as music, film, and art on the chain, while ensuring compliance and scalability.
2. Aria has launched its first music IP token APL, representing the song royalty rights of global top artists such as Justin Bieber, BLACKPINK, and BTS. The project raised $10.95 million through Stakestone's LiquidityPad to acquire relevant music copyrights, allowing holders to earn royalty income in real-time by staking APL tokens, marking that Aria is capable of actual operation and cash flow. At the same time, with the launch of the collaboration between Story Protocol and Contents Technologies, Aria will further expand into the South Korean music market—this market accounts for more than half of the global music distribution share, providing vast copyright sources and commercial potential for tokenized music assets.
3. Aria's current revenue mainly comes from IP issuance, transaction, and management fees. However, to accelerate ecological expansion, the platform temporarily exempts some fees to attract more copyright holders and users to join. In the future, a multi-layered revenue system will be formed, covering transaction fees, asset management fees, copyright licensing fees, and ecological service fees, which has sustainable growth potential.

Wildcat Labs

Introduction: Wildcat Labs is an Ethereum lending protocol that allows borrowers to parameterize it according to their own wishes and deploy under-collateralized credit limits. Lenders benefit from novel interest rates and withdrawal mechanisms. [7]

On September 5, Wildcat Labs announced that it had raised $3.5 million in a seed round financing led by Robot Ventures to help expand the adoption of on-chain collateralized lending.

Investment Institutions: Robot Ventures, Triton Capital, Polygon Ventures, Safe Foundation, Hyperithm, Hermeneutic Investments, Kronos Research, etc.

Highlights:

1. Wildcat does not directly underwrite loans, but allows borrowers to set their own loan parameters (such as reserve ratio, withdrawal cycle, whitelist, etc.), forming a highly flexible “custom credit market.” Unlike the over-collateralization models of Aave, Compound, etc., Wildcat supports low collateral and even partially unsecured loans, significantly improving capital utilization efficiency.
2. All loan data and risk status are visible on the blockchain, ensuring transparency and trust in lender information; the deployment cost of version V2 on the Ethereum mainnet is only 0.06969 ETH (approximately 180 USD), making the technology implementation efficient. The protocol generates profit by charging a 5% protocol fee on top of the borrowing interest rate, forming a sustainable revenue model.
3. The platform has provided customized credit limits for institutions such as Wintermute, Amber Group, and Keyrock, and offers emergency bridge financing after the hacking incident. In addition, through the Plasma (XPL) token sale mechanism, Wildcat has achieved fixed returns for early investors and price speculation before the token's listing.
4. The protocol currently manages outstanding credit of approximately $150 million, with a total credit issuance of $368 million, showing significant growth since the launch of version V2 in February 2025. The current TVL is about $13 million, indicating strong market demand and ongoing expansion capability.

Share

Introduction: Share is an on-chain social trading mobile application based on Solana, Base, and Ethereum. Users can showcase personal trades on the platform, follow any wallet, browse real-time charts, and directly interact and trade with on-chain wallets, creating an integrated experience of “social + trading.” [9]

On September 25, Genie founder Scott Gray announced the launch of the social trading app Share, and completed a $5 million financing.

Investment Institutions/Angel Investors: Coinbase Ventures, Collab+Currency, Palm Tree Crypto, etc.

Highlights:

1. Share integrates three functions: social platform, blockchain explorer, and cryptocurrency wallet into one, becoming the first native iOS on-chain social trading application. It instantly indexes all transaction data on the three major blockchains: Solana, Base, and Ethereum, transforming the originally obscure on-chain information into an intuitive and interactive “social dynamic stream.”
2. Each wallet address on Share has its own independent “personal profile”. Even if users do not actively register, a browsable on-chain identity can be automatically generated. Users can view charts, track other wallets, conduct token transactions, and publicly display their transaction activities in the form of social posts.
3. The core vision of Share is “to make every transaction a shareable financial message.” The platform transforms verifiable on-chain transactions into content streams, revealing the beliefs and expectations behind the flow of funds, making trading behavior a shareable and interactive social expression. By reshaping users' identities and interactions on-chain, Share not only enhances the transparency and fun of transactions but also brings new pathways for content-driven and community-oriented expressions in Web3 user behavior.

Titan

Introduction: Titan is a next-generation decentralized exchange (DEX) aggregator built on Solana, dedicated to providing users with a more efficient and transparent trading experience by intelligently aggregating liquidity, optimizing trade execution, and enhancing security mechanisms. It integrates multiple mainstream DEX aggregators onto the same platform, comparing quotes in real-time and automatically routing the best trading paths, ensuring that users always complete trades at the optimal price. [11]

On September 19, Titan announced the completion of a $7 million seed round financing, led by Galaxy Ventures. This financing will accelerate Titan's construction of a comprehensive portal for the internet capital markets.

Investment Institutions: Galaxy Ventures, Frictionless, Mirana, Ergonia, Auros, Susquehanna, etc.

Highlights:

1. The core innovation of Titan lies in its unique Talos gateway routing algorithm. Unlike traditional DEX aggregators, Titan not only integrates multiple sources of liquidity but also promises to provide users with zero-fee optimal trading performance. This algorithm outperforms existing aggregators over 80% of the time, effectively addressing slippage issues caused by execution delays through granular optimization, making it particularly suitable for market environments with high price volatility.
2. Titan is the first meta-aggregator in the Solana ecosystem. Its launched Titan Prime API is the highest-performing on-chain trading API on Solana, aimed at supporting platforms and traders across the entire ecosystem. The API takes on the technically complex and resource-intensive task of price comparison by connecting all mainstream routers and comparing quotes.
3. Titan has also developed its proprietary aggregator router, Argos. As a core component of the Titan Prime API, Argos performs better than competitors in 70% to 75% of cases. Argos's consistently leading performance provides strong technical support for users to obtain the best trading prices on Solana.
4. Titan has officially concluded its private testing phase and is now open to the public on the titan.exchange platform. During the private testing phase, the platform processed over $1.5 billion in spot trading volume.

Conclusion

In September 2025, the total financing amount in the Web3 industry reached $2.2 billion, completing 100 transactions, showing a structural feature of “decreased volume and increased price”. CeFi and blockchain services dominate capital flow with a “dual-core drive” posture, forming a new balance between financial institutions with real revenue models and underlying technical support. At the same time, the frequent emergence of traditional financial tools such as PIPE, IPO, and Post-IPO Debt also indicates that Web3 is accelerating its deep integration with traditional capital markets, and the path to compliant financing is becoming increasingly mature.

In terms of financing structure, the market logic is reflected as “early concentration, high stakes, and later selection, stable layout.” The seed round accounts for the highest number of projects (approximately 38.6%) and a 40% share of the financing amount, indicating that capital is willing to make significant investments in a few early projects with disruptive potential, such as Flying Tulip.

Key innovative projects focus on addressing core pain points in the industry and promoting sustainable growth:

• In the DeFi space, Flying Tulip innovates the revenue logic with its “perpetual put option” risk protection mechanism and “yield-driven” operational model; Wildcat Labs enhances capital efficiency through a flexible “custom credit market,” jointly driving DeFi towards institutionalization and sustainable development.
• At the application layer, Aria promotes the “assetization and financialization” of intellectual property, empowering the value of physical copyrights; Share integrates wallet, trading, and social aspects into a “trinity,” significantly improving the user experience of on-chain transactions.
• At the infrastructure layer, Titan optimizes liquidity routing with its “zero-cost, high-performance” meta-aggregation algorithm, pushing performance and efficiency to the limit, providing key support for the industry's capacity for large-scale applications.

Overall, the financing landscape in September reflects a profound transformation in the capital logic of Web3—shifting from chasing concepts to building structured value, from short-term speculation to long-term construction. Funding is refocusing on the three main lines of “trust, yield, and compliance.” As the trends of institutionalization in CeFi, platformization of blockchain services, and refinement in DeFi continue to deepen, Web3 is entering a new capital cycle driven by traditional finance collaboration and real yields. <br> Reference Material:

1. Cryptorank , https://cryptorank.io/funding-analytics
2. Cryptorank, https://cryptorank.io/funding-rounds
3. Flying Tulip, https://flyingtulip.com/
4. The Block, https://www.theblock.co/post/372787/andre-cronje-flying-tulip-funding-crypto-token-valuation?utm_source=twitter&utm_medium=social
5. Aria, https://ariaprotocol.xyz/
6. X, https://x.com/Aria_Protocol/status/1963271027406074217
7. Wildcat Labs, https://app.wildcat.finance/lender
8. The Block, https://www.theblock.co/post/369453/wildcat-labs-3-5-million-usd-round-robot-ventures
9. Share, https://about.share.xyz/
10. Blockworks, https://blockworks.co/news/social-trading-app-fundraise
11. Titan, https://titan.exchange/
12. The Block, https://www.theblock.co/press-releases/371306/titan-raises-7m-seed-from-galaxy-ventures-and-launches-publicly-on-solana

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