DeFi
Evergreen research
Crypto Project Research
Long-term profiles of active DeFi, RWA, stablecoin, and crypto-AI builders, with founder evidence, funding status, investor links, token status, and risks.
- Profiles
- 11
- Research updated
- August 2026
Open profile
DeFi
Cycles: The $6.4M Bet on Private Clearing
Cycles wants companies to settle only the residual after obligations cancel out. The seed is credible; the hard part is building a multi-party network that works under stress.- Latest round
- $6.4M seed
- Stage
- Institutional beta and private beta
- Token
- No Cycles token or TGE disclosed
DeFi
Digital Asset: The $355M Institutional Bet on Canton
Digital Asset’s $355 million round brings venture, banks, market makers and asset managers into one institutional blockchain bet. We separate equity, network activity and Canton Coin.- Latest round
- $355M growth financing
- Stage
- Institutional network expansion
- Token
- Canton Coin is live; no premine or VC allocation
AI News
Kite AI: The $18M Bet on Agentic Payments
Kite combines an AI-agent identity layer, app discovery and stablecoin settlement. Its mainnet and token are live, but agent commerce is still an experimental market.- Latest round
- $18M Series A
- Stage
- Live mainnet and ecosystem buildout
- Token
- KITE is live; 10B maximum supply
DeFi
Midas: The $50M Push to Make RWAs Liquid
Midas has raised $50 million to build a faster liquidity layer for tokenized financial products. We separate the RWA story from issuer, custody and token risks.- Latest round
- $50M Series A
- Stage
- Scaling regulated RWA products
- Token
- No native Midas governance token disclosed
DeFi
Morpho: Inside the $175M Bet on Open Credit
Morpho’s $175 million round unites crypto-native VCs and major institutions around open credit. Here is what the money, token and risks actually mean.- Latest round
- $175M institutional financing
- Stage
- Scaling protocol network
- Token
- MORPHO is live; it is governance, not company equity
Trading
River Markets: The $8.5M Prediction Trading Bet
River Markets aggregates professional execution across Kalshi and Polymarket. The product is live, but its “prime brokerage” label runs ahead of the financing and custody functions available today.- Latest round
- $8.5M seed
- Stage
- Early live trading platform
- Token
- No River token or TGE disclosed
AI News
Sapiom: The $35M Bet on AI Agent Infrastructure
Sapiom has expanded from agent payments into runtime and inference routing. Its funding is real and its usage claims are large, but it is AI infrastructure—not a DeFi protocol or token.- Latest round
- $35M Series A
- Stage
- Scaling agent runtime platform
- Token
- No Sapiom token; service credits are dollar-denominated
DeFi
Squads and Altitude: The $18M Stablecoin Finance Bet
Squads’ new funding is a bet that stablecoins become business banking infrastructure. We examine Altitude, the founders, investor network, live claims and dependencies.- Latest round
- $18M strategic round
- Stage
- Scaling business-finance platform
- Token
- No official Squads or Altitude token disclosed
DeFi
Twyne: The Reported $2.5M Bet on Delegated Credit
Twyne turns unused borrowing power into a market. Its early usage is real, but its newest funding and pseudonymous team require more caution than a normal venture profile.- Latest round
- $2.5M reported seed
- Stage
- Early live protocol
- Token
- No official Twyne token or tokenomics disclosed
DeFi
Velocity: The $38M Stablecoin Treasury Bet
Velocity’s $38 million Series A shows stablecoins moving into enterprise treasury software. We examine the founder transition, product evidence, investor mix and hidden dependencies.- Latest round
- $38M Series A
- Stage
- Enterprise platform expansion
- Token
- No Velocity-issued token disclosed