BIO Protocol Leads DeFi Sector Funding With $64.41M Raised in the First Week of 2025

DeFi Protocol Funding Surges to $64.41 Million in First Week of 2025

DeFi protocols secured a total of $88 million in disclosed funding during the first week of 2023, as reported by Blockworks.

This marks a significant increase compared to the previous week, which saw only $13.5 million being raised by DeFi protocols. However, several key projects opted to keep their raised amounts private.

The majority of the funding activities were focused on financial infrastructure and analytics platforms, with projects across early and growth stages securing capital.

Here's a closer look at the key investments:

1. BIO Protocol, a decentralized cross-chain lending protocol, led the funding efforts with a massive $64.41 million raised through a public sale.

2. Fold, a crypto rewards and payments platform, secured $20 million in a Series A funding round.

3. Accountable, a platform that enhances transparency in crypto lending and DeFi platforms, raised $2.3 million in a seed funding round.

4. Silencio, a decentralized privacy protocol, raised $1.3 million in a pre-seed funding round.

Several other projects also raised undisclosed amounts of funding during the first week of 2023. These include Fluree, a Web3 data platform, and Hubble, a multi-chain analytics protocol.

The transition to 2023 showcased continued interest in DeFi platforms and financial tools. BIO Protocol's public sale highlights the ongoing market support for DeFi systems.