Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on 黑料吃瓜’s comprehensive data.
Last updated: 09/22/2026
Eleven companies joined The 黑料吃瓜 黑料吃瓜 in April 2024 鈥斅燼 big jump up from the six companies that joined in April 2023 but still a fraction of the 40 added to the board in April 2022.
![Image of various forms of energy generation. [Dom Guzman]](/wp-content/uploads/energy-tech-640x360.jpg)
The Web3 Tracker is a one-stop shop for following Web3 trends, news and data about venture funding and leading investors in the sector.
Web3 refers to the next evolution of the internet primarily built on blockchain technology. While the concept has been around for just under a decade and didn’t enter mainstream usage until a few years ago, the Web3 sector has attracted more than $100 billion in investment, 黑料吃瓜 data shows.
Web3: A brief history
Whereas Web 1.0 represents the early days of the internet and its static, heavy content-related nature, Web 2.0 was the maturation of that into a more user-generated network that brought about more utility, sharing and interactivity.
Web3 could be the most significant step yet. The term was coined by 听肠辞-蹿辞耻苍诲别谤听 in 2014 and refers to moving the internet toward decentralized technologies with the promise of increased transparency and accessibility. Proponents say the shift toward Web3 will make the internet open to more innovative technologies and shift power away from large tech companies.
Web3 is an umbrella term used to describe a new iteration of the Internet that鈥檚 primarily built on blockchain technology.
While the Internet of today鈥攐r Web2鈥攑rimarily focuses on user generated content, social networking and cloud computing, Web3鈥檚 core focus is on decentralization, transparency and accessibility. The technology ushering in this new era was created in response to the centralized nature of the Internet and the perception that a handful of large corporations control what is and isn鈥檛 allowed on the web. Web3 proponents say it puts the power back into the hands of users and creates a more open, transparent and accessible Internet ecosystem.
A few examples of Web3 companies in the U.S. include , a developer platform that helps companies build reliable decentralized applications; , a platform for Ethereum scaling and infrastructure development; and , a startup that鈥檚 focused on making it easier for traditional data sources, such as APIs, to connect with blockchain technology.
The top three Web3 startups by total funding are , with $4.1 billion raised; , with 拢1.5 billion ($1.8 billion) raised; and , with $1.7 billion raised.
The top three startups in the Web3 ecosystem with the highest valuations are , valued at $32 billion; , valued at $14 billion; and , valued at $13.3 billion.
While Web3 isn鈥檛 a technology, there have been innovations created based on what the concept represents: a decentralized internet. An NFT, or non-fungible token, is an example of one such innovation. NFTs allow individuals to claim ownership over digital art and other assets. For example, if you鈥檙e an artist, you can turn an art piece into an NFT and sell it on a marketplace like . To purchase the NFT, an individual might pay you 5 Ether for ownership rights. Your newly acquired Ether coins could then increase (or decrease) in value based on demand and market conditions.聽
A cryptocurrency is a digital currency that鈥檚 tradeable and uses cryptography to secure transactions. To create more transparency, these transactions are primarily stored on the blockchain, making them completely traceable.聽
There are a wide variety of cryptocurrencies, each with its own use case. For example, Bitcoin is considered a store of value. Stellar Lumens (also known as XLM), the token created by the , was created to help individuals transfer money quickly. These cryptocurrencies, and many like them, can be used for things like investing and making purchases.聽
Note: please do your research before investing in any cryptocurrency or digital asset.
No. Web3 is the name used to describe the innovations that blockchain technology has given rise to. Cryptocurrency is the digital currency used within the blockchain ecosystem.聽
To understand how Web3 works, first you need to know the basics of blockchain technology. The blockchain is a distributed database, or ledger, that鈥檚 not owned by any one entity (decentralization). It stores information, such as cryptocurrency transactions, in a digital format that can鈥檛 be edited or deleted (transparency). This information is stored in a 鈥渂lock鈥� that connects to other blocks when it reaches storage capacity limits, creating a chain. Hence the name blockchain.聽
With the transparent and decentralized nature of the blockchain, developers are now building a new wave of innovative applications that leverage this technology; what is now known as Web3.
Yes. Our Web3 Tracker is a public resource. We do ask that you please cite 黑料吃瓜 as the data source and include a link to the Web3 Tracker when possible. For additional press inquiries, email press@crunchbase.com.
Please reach out to support@crunchbase.com if your company鈥檚 data needs to be updated or if something is missing.
All of our Web3 news and trends coverage is here.
$21B
Kraken is a digital asset exchange and related services provider that enables users to buy, sell, trade, stake, and store cryptocurrencies. It offers spot trading, futures, margin trading indexes, over-the-counter (OTC) execution, and a multi-chain wallet. Kraken supports a large number of cryptocurrencies and fiat currency pairs, and it provides tools for both retail users and institutional clients. It also offers advanced order types, real-time market data, account management services, and resources for learning about blockchain and digital assets.
Cheyenne, United States, North America
Number of Acquisitions 21
Total Funding Amount $2B
$2B
TRM Labs is a blockchain intelligence company that helps financial institutions, crypto businesses, and government agencies detect and investigate crypto-related financial crime and fraud. Our products are trusted by leading companies including PayPal, Visa, FTX, Uniswap, Anchorage, and federal agencies such as the FBI and IRS. Every day, we tackle challenges in data engineering, data science, and threat intelligence to advance our mission to build a safer financial system for billions of people. To accomplish our mission, we have raised over $79M from JPMorgan Chase, Visa, Citi, PayPal, Block, Tiger Global, and Bessemer. Our team is made up of world class experts from the FBI, U.S. Secret Service, US Treasury Department, McKinsey, Coinbase, and top-tier tech companies. TRM is a remote-first workplace, with hubs in San Francisco, Washington, DC, and London.
San Francisco, United States, North America
Number of Acquisitions 2
Total Funding Amount $220M
$20B
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet鈩�. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Singapore, Singapore, Asia
Number of Acquisitions 11
Total Funding Amount $400M
$5B
OG operates a derivatives-based prediction market platform that enables users to trade event contracts on sports, crypto, politics, economics, culture, and other topics. The platform provides real-time odds and pricing for outcomes such as game results, financial benchmarks, economic indicators, and cultural events. Users can access markets spanning professional and college sports leagues, global football competitions, climate questions, and company-related events. OG supports trading through an app and web interface, displaying potential returns and probabilities on each side of a contract. It is described as a CFTC-regulated prediction markets app powered by Crypto.com. The service targets individuals interested in speculating on or hedging against real-world events using structured derivatives products.
Chicago, United States, North America
Number of Acquisitions 0
Total Funding Amount $0
$4B
Sorare is a global fantasy football game where managers can trade official digital collectibles. It is on a mission to make crypto fun and accessible to all through fantasy football. Based in Paris, Sorare provides a soccer team management game with digital NFT cards that fans can collect and trade. Founded in December 2018, Sorare currently sold $1.8 million worth of cards in December 2020.
Paris, France, Europe
Number of Acquisitions 0
Total Funding Amount $739M
$40B
Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.
San Francisco, United States, North America
Number of Acquisitions 8
Total Funding Amount $794M
$25B
OKX is a global digital-asset platform that provides cryptocurrency trading and investment services, including spot and derivatives markets, staking and other earning products, peer-to-peer trading, and Web3 tools such as a self-custody wallet and access to decentralized applications.
Mah茅, Seychelles, Africa
Number of Acquisitions 0
Total Funding Amount $210M
$21B
Kraken is a digital asset exchange and related services provider that enables users to buy, sell, trade, stake, and store cryptocurrencies. It offers spot trading, futures, margin trading indexes, over-the-counter (OTC) execution, and a multi-chain wallet. Kraken supports a large number of cryptocurrencies and fiat currency pairs, and it provides tools for both retail users and institutional clients. It also offers advanced order types, real-time market data, account management services, and resources for learning about blockchain and digital assets.
Cheyenne, United States, North America
Number of Acquisitions 21
Total Funding Amount $2B
$20B
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet鈩�. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Singapore, Singapore, Asia
Number of Acquisitions 11
Total Funding Amount $400M
$15B
Polymarket enables participants to buy and sell shares that represent the probability of specific outcomes, with prices ranging between zero and one dollar to reflect market expectations. Trades occur in a peer-to-peer order book where users transact directly with one another rather than with a central counterparty. Polymarket uses USDC.e as collateral and represents positions as conditional tokens that are settled through smart contracts on the Polygon blockchain. Event outcomes are resolved through a decentralized oracle process that verifies results before distributing payouts to holders of winning shares. The platform uses a non-custodial model where participants maintain control of their assets through personal wallets while all transactions and positions remain publicly verifiable onchain.
New York, United States, North America
Number of Acquisitions 4
Total Funding Amount $2B
$176M
Dtcpay provides digital payment services that allow users to manage fiat currencies and stablecoins through a single account. Its services include multi-currency wallets, global payments, currency and stablecoin swaps, payment cards, and digital asset deposits and transfers. For businesses, Dtcpay offers business accounts, corporate cards, payment workflows, foreign exchange services, global payments, online checkout, and in-store payment solutions. The company also provides financial institutions with wallet services, card services, virtual accounts, stablecoin-as-a-service, and application programming interfaces for payment integration. Its platform supports transaction management across personal, business, and institutional use cases.
Singapore, Singapore, Asia
Number of Acquisitions 0
Total Funding Amount $42M
$8B
Circle is a financial technology company that develops and manages digital currencies and blockchain-based financial infrastructure. It issues USD Coin (USDC) and Euro Coin (EURC), both fully backed stablecoins designed for global payments and digital transactions. Circle's platform supports businesses in integrating stablecoins into their operations, including cross-border payments and financial applications.
New York, United States, North America
Number of Acquisitions 7
Total Funding Amount $2B
$220M
USD.AI is a stablecoin protocol at the intersection of blockchain and artificial intelligence.
Grand Cayman, Cayman Islands, North America
Number of Acquisitions 0
Total Funding Amount $13M
$186M
Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains.
New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $58M
$51M
Birch Hill Holdings provides digital asset infrastructure for institutions allocating capital onchain. The firm focuses on onchain lending, tokenized asset markets, and digital asset treasury workflows. It offers risk curation, yield vault management, and portfolio visibility tools that emphasize disciplined credit underwriting, constraints, and continuous monitoring. Its services aim to bridge traditional and decentralized finance for institutional participants managing digital asset exposure.
West New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $9M
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