BIO Protocol Raises $64.41M to Develop DeFi Infrastructure Platforms

The first week of 2025 saw BIO Protocol raise $64.41 million through a public sale, leading the DeFi sector funding.

Fresh off its Binance Labs support, decentralized finance (DeFi) infrastructure platform BIO Protocol櫺 completed a public sale on Monday, kicking off a total disclosed investment round of $88 million in the first week of 2025.

Several projects kept their raised amounts private, marking a steady start to the new year.

The funding activities centered on financial infrastructure and analytics platforms, with projects across early and growth stages securing capital. Let’s dive deeper into the key investments of the first week of 2025.

BIO Protocol, $64.41 million

The project raised $64.41 million through a public sale, with a fully diluted valuation (FDV) of $219.12 million.

BIO Protocol is a Binance-backed decentralized infrastructure platform. The project’s native token, BIO, is set to be used for governance, staking, and burning mechanisms within the platform’s ecosystem. According to the project’s website, BIO Protocol aims to "build a decentralized financial infrastructure platform and empower everyone to build their own financial world."

The project’s public sale offered a total of 100,000 tokens, with a starting price of $2 and a maximum allocation per participant set at 250 tokens.

With the latest round, BIO Protocol has raised a total of $90 million. The project secured $25 million in a Series A round in August 2023, led by IOSG Ventures and HashKey.

Fold, $20 million

Fold secured $20 million in an undisclosed funding round this week.

Backed by ATW, the project is working on Bitcoin (BTC) ecosystem tools, aiming to make BTC accessible through everyday activities. According to the project’s website, Fold "wants to bring Bitcoin to the masses by making it easy, fun, and rewarding to use BTC in the real world."

The project’s platform allows users to earn Bitcoin rewards on purchases, integrates BTC payments into services, and provides a mobile application for easy access.

Fold has raised a total of $36.3 million to date. The project previously secured $16.3 million in a Series A round in June 2023, led by IOSG Ventures.

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Accountable, $2.3 million

The project raised $2.3 million in a seed funding round, led by Miton C and other investors.

Accountable is building analytics and audit tools for decentralized lending and DeFi platforms, aiming to enhance transparency and trust in the rapidly growing Web3 financial ecosystem. According to the project’s website, Accountable "provides real-time, verifiable financial data for lending markets, enabling institutions to quickly assess the health of loan pools and users to make informed decisions."

The project’s platform aggregates and analyzes on-chain data to generate real-time and historical insights into lending markets. It provides a unified dashboard for monitoring key metrics, including loan health, utilization rates, and top borrowers.

Silencio, $1.3 million

Silencio completed a public sale on Monday, raising $1.3 million with a 60 million FDV.

The project is working on real-world asset integration into Web3 ecosystems. Silencio aims to connect traditional finance (TradFi) and DeFi through a decentralized protocol, enabling the creation of synthetic assets pegged to real-world commodities, indices, and currencies. According to the project’s website, Silencio "aims to build a decentralized protocol for integrating real-world assets into Web3 ecosystems."

The project’s protocol includes a decentralized autonomous organization (DAO) for community governance, a network of validators to secure the protocol, and a marketplace for users to discover and trade synthetic assets.

Silencio has raised a total of $4.8 million to date. The project previously secured $3.5 million in a seed round in August 2023, led by IOSG Ventures and HashKey.

Projects with undisclosed amounts

Arbelos Markets: The project completed an M&A deal for derivatives and trading.

Haedal: The project closed a seed round, backed by Hashed, Comma3, and OKX Ventures.

Hyperfluid: The project raised pre-seed funding for DeFi and DEX tools.

Pentagon Games: The project completed an undisclosed funding round for AI and gaming.

Thena: The project raised an undisclosed amount for the BNB Chain ecosystem.

DataDance: The project closed a seed round for Ethereum (ETH) infrastructure.

The transition to 2025 saw continued interest in DeFi platforms and financial tools. BIO Protocol’s public sale points to ongoing market support for decentralized infrastructure and Web3 financial applications.