Adaptive Lab partners with world class companies to help them change, grow and compete in business sectors where disruption is the new normal.

Adaptive Lab

Youbi Capital is a venture capital firm investing in Blockchain technologies and disruptive decentralized applications. The firm is committed to long-term value investment in the Blockchain ecosystem and has invested in more than 20 next-generation Blockchain technologies. It was established in 2017 and is headquartered in Grand Cayman, Midland.

Youbi Capital

WolfEdge is a crypto-based investment fund that focuses on early-age blockchain startups. Its approach is avant-garde in the sense that they are not constricted by the conventional bounds of financial services. It also runs validator nodes on multiple networks. The firm is in partnership with influencers, exchanges, hedge funds, investment funds, family offices, syndicates, and blockchain startups to get possible deal flow. It travels around the world to strengthen these partnerships and always look forward to meeting interesting folks.

WolfEdge

Tess Ventures does what it takes to move customers from the earliest stage to Series A and beyond. At the earliest stage, they help customers refine the idea, product, and all aspects of the company’s operations, investor relations, and market positioning. They often invest in you through a seed round and sometimes at a later stage.

Tess Ventures

Finding the next puzzle piece in the crypto space https://puzzle.ventures/article/intro

Puzzle Ventures

Everest Ventures Group provides digital assets and blockchain technologies. They also provide fintech, blockchain, secure investment, unicorns, start-ups and blockchain, and defi infrastructure services.

Everest Ventures Group

Nothing Research is more than a venture. We work closely and build together with founders, and most of our investments are made at an early stage, in open finance initiatives.

Nothing Research

Lucid Blue Ventures operates as a venture capital firm.

Lucid Blue Ventures

Mirana

GSR Ventures is a venture capital firm focused on technology companies developing AI-enabled enterprise software, consumer platforms, and healthcare technology. The firm backs entrepreneurs building disruptive businesses that have the potential to dominate multi-billion dollar markets. GSR Ventures currently manages about $3.7 billion across its funds.

GSR Ventures

Funded by Norwest Venture Partners, Qualcomm Ventures and other leading venture firms, CyberX delivers the only cybersecurity platform built by blue-team experts with a track record of defending critical national infrastructure. That difference is the foundation for the most widely deployed platform for continuously reducing IoT/OT risk and preventing costly outages, safety and environmental incidents, theft of intellectual property, and operational inefficiencies. For more information, visit CyberX.io or follow @CyberX_Labs.

CyberX

Developer of a smart lock designed to provide secure and unattended access to homes, commercial and rental properties. The company's smart lock utilizes a motion-activated camera, two-way audio, keyed deadbolt and an integrated Wi-Fi antenna all of which is powered by a rechargeable lithium-ion battery, enabling homeowners to give trusted and reliable home access to their family, friends and common household services and deliveries while they are away. The company was acquired by Smartfrog Group.

Gate Labs

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia.  Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods.  Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

Fenbushi Capital

Social networking app for game players based in Shanghai.

Bixin

DoraHacks provides grants, bounties, and hosts hackathons. The company allows users to participate in quadratic voting grants - choose, vote, donate. DoraHacks was established in 2014 by Jiannan Zhang in San Francisco, California.

DoraHacks

Babel Finance is a global leading cryptocurrency financial institution dedicated to serving high-net-worth individuals and institutional clients worldwide with professional crypto financial services including 3 core businesses: crypto lending, crypto asset management, and crypto prime financing.

Babel Finance

Hashkey they offers investment opportunities and solutions to institutions, family offices, funds, and professional accredited investors across the digital asset and blockchain ecosystem.

Hashkey Exchange

IOSG Ventures is a pioneering crypto fund founded in 2017 that invests in the future of Web3. As a thesis-driven firm, we assist founders in developing community-driven protocols that are primed to transform the crypto landscape. Our portfolio comprises a wide range of innovative and high-potential investments, including ZKRU (Scroll, StarkWare, Arbitrum, zkSync), Security Auditing(Runtime Verification, Hexens), MEV (Flashbots, Blocknative), DeFi/NFT-Fi (1inch, MetaMask), FOG (Big Time, Illuvium), and a number of industry leaders including Arweave, Cosmos, Celestia, EigenLayer, Scroll, zkSync, Nil Foundation, and Mina, etc. We are passionate about investing in crypto-native paradigms that have the potential to transform the future of the industry, whether you’re building infra, middleware, security, gaming, or social platforms.

IOSG Ventures

Perpetual Protocol is a decentralized perpetual contract trading protocol for every asset.

Perpetual Protocol

WOO Network is a trading platform provider that aims to provide above-average liquidity for spot and futures trading while charging zero or negative trading fees. The company's platform connects traders, exchanges, institutions, and Defi platforms, democratizing access to liquidity and trading execution

WOO Network

Since 2018, the Cadenza team has managed investment vehicles with a focus on decentralized technologies.

Cadenza Ventures

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

MEXC Global

izumi Finance

Izumi Finance is a non-homogenous liquidity mining protocol to provide Uniswap lp token staking rewards in different price ranges. Izumi Finance improves the efficiency of incentive distribution for reward providers and enhances the earnings of liquidity providers in Uniswap.

<div>Headquartered in Tokyo, iZUMi Finance offers multi-chain liquidity solutions that enable users to make token swaps with digital assets or convert them into cash. Liquidity providers can earn liquidity mining rewards as well as trading fees on<a href="https://sp-edge.com/companies/1045527">Uniswap</a>V3. Built on the Ethereum, BNB Chain, Polygon, and Arbitrum blockchains, the protocol offers a USD pegged bond &ldquo;iUSD,&rdquo; which is in turn backed by iZUMi&rsquo;s collateral and future revenue. The token is primarily issued and sold to private investors. The protocol operates as a DAO governed by its native token &ldquo;veiZi.&rdquo;</div>

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

iZUMI Finance

<div>
 
 Headquartered in Tokyo, iZUMi Finance offers multi-chain liquidity solutions that enable users to make token swaps with digital assets or convert them into cash. Liquidity providers can earn liquidity mining rewards as well as trading fees on 
 <a href="https://sp-edge.com/companies/1045527">
 Uniswap
 </a>
 V3. Built on the Ethereum, BNB Chain, Polygon, and Arbitrum blockchains, the protocol offers a USD pegged bond &ldquo;iUSD,&rdquo; which is in turn backed by iZUMi&rsquo;s collateral and future revenue. The token is primarily issued and sold to private investors. The protocol operates as a DAO governed by its native token &ldquo;veiZi.&rdquo;
 
 
 In May 2022, iZUMi launched &ldquo;iZiSwap,&rdquo; a decentralized exchange that leverages an automated market-making (AMM) protocol. The AMM model optimizes the price ranges and amount of liquidity for liquidity providers to prevent slippage.&nbsp;&nbsp;
 
 
 iZUMi also partnered with 
 <a href="https://sp-edge.com/companies/1587674">
 Solv Protocol
 </a>
 , EthSign, and Cobo Wallet to collaborate on increasing security for bond farming.
 
 
 Funding and financials
 
 
 
 In April 2023, iZUMi Finance 
 <a href="https://sp-edge.com/updates/18026">
 raised USD 22 million
 </a>
 in a funding round from Unicode Digital, NextGen Digital Venture, Bella Protocol, and Incuba Alpha, among others. The company earmarked the funding for providing early liquidity for iZiSwap Pro.
 
</div>

<div>
 
 MakerDAO is a DAO (governed through the MKR token) that manages the Maker Protocol.&nbsp;
 
 
 Developed on the Ethereum blockchain, the Maker Protocol allows users to place their funds (through cryptocurrency) as collateral in exchange for its stablecoin DAI, which is pegged to the USD. DAI can be used like any other cryptocurrency and even as savings since holders of DAI are entitled to a return based on the DAI Savings Rate (DSR). The DSR is determined by members of the DAO using a mix of public and proprietary market data. In October 2022, MakerDAO 
 <a href="https://sp-edge.com/updates/14067">
 passed a proposal
 </a>
 to separate its DAO into multiple self-sustaining units called MetaDAOs. These DAOs will be separate from Maker&rsquo;s broader governance system and will have their own community and token.
 
 
 MakerDAO offers access to investing and borrowing DAI through the Oasis app, developed by some of the creators of Maker Protocol. In addition, the Maker Protocol is available for developers of DeFi apps, who can build apps to facilitate earning, investing, and borrowing DAI. As of December 2021, the Maker Protocol integrated with over 400 applications, ranging from payments systems to gaming platforms. MakerDAO generates revenue through stability fees (akin to interest payment on borrowed DAI) and liquidation fees, which is an additional charge that occurs when the value of the submitted collateral falls below a set liquidation amount. 
 
 
 In April 2022, MakerDAO announced that it was bridging to StarkNet, a reportedly cheaper and faster zero-knowledge (ZK) overlay chain built by StarkWare. Along with its expansion on Ethereum, the DAO plans to move toward a multi-chain offering with this rebuild. It plans to roll-out this offering in 4 phases, beginning with a simple bridge between the main blockchain and StarkNet&rsquo;s Layer 2. &nbsp;
 
 
 In February 2023, the company 
 <a href="https://sp-edge.com/updates/16269?industryIds=64">
 launched a new lending platform
 </a>
 named Spark Protocol, to enable users to borrow, lend, and stake DAI, the protocol&rsquo;s stablecoin. The platform, which is a fork of Aave's version 3 (v3), will be built by Phoenix Labs, a research and development company formed by the DAO. Additionally, the company also announced deployment of etherDAI, a liquid staking derivative for Ethereum that will be pegged to the value of ETH. Furthermore, in March, MakerDAO went on to
 <a href="https://sp-edge.com/updates/17322">
 approve a number of new proposals 
 </a>
 that make changes to both its governance structure and the investment of its treasury. These changes divide the DAO&rsquo;s current structure into smaller self-governed and self-sustained units named SubDAOs, which will also have their own tokens in the MakerDAO ecosystem. Moreover, the proposal also planned to increase the protocol&rsquo;s revenues by investing a part of its reserves (worth USD 7 billion) into real-world assets and money-market funds. 
 
 
 Funding and financials 
 
 
 As of April 2022, MakerDAO had around USD 13.7 billion in total value locked (TVL).The company&rsquo;s most recent funding round was in April 2020 for an undisclosed sum. Previously, the company raised USD 27.5 million through the sale of its MKR token to Dragonfly Partners and Paragon to expand its operations to Asia. 
 
 
 
</div>

MakerDAO

<div>
 
 Founded by former executives of Qualcomm, Solana Labs is the developer of the Solana blockchain, which uses the native cryptocurrency SOL. The company enables developers to create decentralized applications in its blockchain and is capable of carrying out 50,000 transactions per second (TPS) with a theoretical upper limit of 710,000 TPS for the architecture. As of December 2021, the blockchain averaged around 2,500 TPS. This is in contrast to Ethereum’s average of between 13 to 15 TPS. In addition to transaction speed, Solana also has other advantages such as lower transaction fees and improved scalability, given the differences in its consensus mechanism and underlying architecture.
 
 
 As of December 2021, more than 400 projects were created using Solana, ranging across use cases such as DeFi, NFTs, and gaming.
 
 
 Key customers and partnerships
 
 
 In June 2022, Solana partnered with Edgevana, an edge colocation services provider, to deploy 500 bare metal servers in 32 of Edgevana's data center and colocation facilities across the globe. This enables validators to leverage Edgevana's product offering to increase the speed of setting up. 
 
 
 Funding and financials
 
 
 Total value locked (TVL) in DeFi projects across the Solana blockchain amounted to USD 6.4 billion as of April 2022. The company raised USD 314 million through an initial coin offering (ICO) of SOL. The ICO was co-led by Polychain Capital and Andreessen Horowitz. The funding was to be used to create a venture investing arm, a trading desk, and support the development of new applications in its blockchain.
 
</div>

Solana

<div>
 
 Swiss-based Eidoo is a developer of a wallet that supports cryptocurrencies such as Bitcoin and Ethereum, along with tokens such as DAI, MKR, AAVE, and UNI, among others. In addition, Eidoo provides a DeFi marketplace that integrates with its wallet, allowing users to trade any tokens that they hold. Eidoo also offers a debit card that allows the conversion of digital assets into fiat currencies, such as the GBP and EURO, and spending or even withdrawing cash from ATMs.
 
 
 Eidoo began with the proprietary token EDO, which it also used to raise USD 27.9 million in an initial coin offering (ICO) in 2017. The token was then upgraded following its merger with blockchain oracle provider Provable Things to establish pNetwork, the infrastructure that facilitates cross-chain interactions between multiple decentralized apps, governed by the token PNT. To obtain an Eidoo debit card, users are required to stake PNT ranging from 20 to 200,000 for various service tiers.
 
 
 Eidoo had several applications such as virtual account numbers to deposit money and obtain a tokenized representation of their deposit as well as features to buy, hold, and trade NFTs in the roadmap as of December 2021.
 
</div>

Eidoo

<div>
 
 Synthetix is a DAO (governed by holders of its native token SNX) that offers a platform on which users can trade and vote on the creation of on-chain synthetic assets, which are derivatives based on real-world assets. These synthetic assets enable traders to capture the price movements of assets such as cryptocurrencies, fiat currencies, stocks, and commodities, among others, with zero slippage. The protocol allows users to stake SNX as collateral for the debt pool and earn weekly rewards. As of April 2022, Synthetix had USD 642 million in total value locked (TVL). 
 
 
 Additionally, Synthetix also offers the opportunity for developers to build on top of the platform to tap into its liquidity as well as develop decentralized perpetual futures, options markets, deal coordination markets, and more. As of December 2021, the protocol served large DeFi platforms including 1inch, Curve Finance, Yearn Finance, and Paraswap.&nbsp;
 
 
 In February 2023, Synthetix 
 <a href="https://sp-edge.com/updates/16609?industryIds=64">
 deployed version 3 (v3) of its platform
 </a>
 on the Ethereum mainnet. V3 reportedly offers more efficient architecture that enables developers to create products that offer a liquid market for any financial derivative, as well as more complex decentralized applications. Additionally, the solution also offers staking and differentiated debt pools, to enable stakers to earn fees from supplying collateral to specific asset pools.&nbsp;
 
 
 Funding and financials
 
 
 In March 2023, Synthetix 
 <a href="https://sp-edge.com/updates/17267">
 received an investment of USD 20 million 
 </a>
 from DWF Labs, a Web3 venture capital company. Synthetix plans to use this investment to drive volume for its protocol across both centralized and decentralized exchanges and invest in product development.
 
</div>

Synthetix

<div>
 
 Compound is an open-source lending protocol built on Ethereum that allows developers to build DeFi applications for functions such as deposits and lending. Compound offers adjusted money market interest rates based on asset-specific supply and demand and supports a number of Ethereum-based assets for users to take collateralized loans and lock-up assets without borrowing. Locked assets are automatically liquidated if an independent oracle determines that the price has dropped too low. Additionally, since assets are stored in a shared pool, even users with liquidated collateral can claim tokens if they are able to repay the general pool. Compound also 
 <a href="https://sp-edge.com/updates/13038">
 offers borrowing services
 </a>
 for institutional clients that allow them to borrow USD or USDC at a fixed annual percentage rate of 6% using cryptocurrencies such as Bitcoin or Ether as collateral, with a loan-to-value of 90%.
 
 
 
 
 As of April 2022, Compound has a total value locked (TVL) of USD 2.1 billion. The protocol is governed by its native-token COMP, which along with a variety of other digital assets that are a part of the Compound ecosystem, are supported by Coinbase Custody, a crypto asset custodian. In August 2022, Compound launched a version of its protocol named “Compound III” which features a single borrowable asset. Users can supply collateral that can never be withdrawn by other users (except during liquidation) and borrow USDC.
 
 
 
 
 In May 2022, Compound
 <a href="https://sp-edge.com/updates/10267">
 received a B- credit rating from S&P Global Ratings
 </a>
 on its enterprise credit facility which offers 4% annually on deposits of the stablecoin USDC. Notably, Compound claims that this is the first time an "institutional DeFi" product has been scored by a major credit rating agency.
 
 
 
 
 Funding and financials
 
 
 
 
 Compound’s last funding round was in November 2019 where it raised USD 25 million in a Series A led by Andreessen Horowitz’s a16z crypto fund to help the company further decentralize the protocol by enabling crypto exchanges and custodians such as Coinbase to maintain the protocol going forward.
 
 
 
</div>

Compound

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

Promotes financial inclusivity, allowing those that won't traditionally have access to credit to raise funds

Companies with the infrastructure segment offer solutions for users to build decentralized applications

Organizations and protocols that allow individuals to lend their crypto assets and take out collateralized or uncollateralized loans from to/from these projects

Decentralized exchanges that help connect buyers and sellers of DeFi tokens without the need to rely on an intermediary

iZUMI Finance

Decentralized Finance (DeFi)

Key stats

Recent Updates

iZUMI Finance raises USD 22 million in new funding

iZUMI Finance raises USD 30 million in funding

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