Narratives
What the data says about Bitcoin DeFi as a crypto narrative: the money going in, who puts it there, how much it is talked about and the projects behind it. It says what is happening; it recommends nothing.
Money is moving into Bitcoin DeFi; Zaria is the project with the most noise and the most funding there; it has no token yet; its presale: not yet.
- Seeded
- Funded
- Noticed
- Crowded
- Cooling
This week, in plain words
- Bitcoin DeFi is Seeded since the week of Oct 30: first money from funds, and the news has not noticed.
- No new round this week; 2 rounds in the last 30 days, $10.2M in total.
- Top funds in it this month: Lightspeed Venture Partners (tier 2).
- First round we know of here for Lightspeed Venture Partners.
- It took 0.1% of our news this week, down from 0.1% the week before.
- The most talked-about project is Zaria (1 story).
- Of the 3 projects that raised here, 3 have no token yet.
- Funding activity is down on the previous period (-28%). Market mood: fear (29 of 100). Altcoin index 41 of 100.
Rounds, 30 d2vs 1 before
With top funds1rounds
Raised, 30 d$10.2M2 with a figure
Share of news0.1%13 stories
No token yet3of 3 projects
Twelve weeks i
Rounds a week 2
Share of news 0.1%
Coins vs market no prices yet
Stage
week to Aug 27this week
rounds with a top fundother roundsshare of newscoins ahead of the marketbehindrebuilt from past data
Read the twelve weeks as a table
| Week to | Rounds | Top funds | Raised | News | Coins vs market | Stage |
|---|---|---|---|---|---|---|
| Nov 12 | 0 | — | — | 0.1% | — | Seeded |
| Nov 5 rebuilt | 0 | — | — | 0.1% | — | Seeded |
| Oct 29 rebuilt | 0 | — | — | 0.1% | — | Funded |
| Oct 22 rebuilt | 2 | 1 | $10.2M | 0.0% | — | Funded |
| Oct 15 rebuilt | 0 | — | — | 0.1% | — | Seeded |
| Oct 8 rebuilt | 0 | — | — | 0.1% | — | Seeded |
| Oct 1 rebuilt | 1 | — | — | 0.1% | — | Seeded |
| Sep 24 rebuilt | 0 | — | — | — | — | — |
| Sep 17 rebuilt | 0 | — | — | — | — | — |
| Sep 10 rebuilt | 0 | — | — | — | — | — |
| Sep 3 rebuilt | 0 | — | — | — | — | — |
| Aug 27 rebuilt | 0 | — | — | — | — | Seeded |
Projects to watch i
| Project | Last round | Funds | Token | News | Social | Sale |
|---|---|---|---|---|---|---|
| Zaria | Oct 2026 · Seed · $5.2M | Lightspeed Venture PartnersEpoch VenturesRefract Ventures | No token yet | 1 | — | Not yet |
| HoneyB | Oct 20 · Seed · $5.0M | PEER Venture PartnersPortal VenturesAnchorage Digital | No token yet | 1 | 0 | Not yet |
| Xverse App | Oct 2026 · Strategic | Draper AssociatesDraper DragonTrust Machines | No token yet | — | — | Not yet |
Funds in Bitcoin DeFi i
| Fund | Tier | Rounds | This month | Led | Projects | First here |
|---|---|---|---|---|---|---|
| Lightspeed Venture Partners first time | Tier 2 | 1 | 1 | 1 | Zaria | Oct 19, 2026 |
| PEER Venture Partners | Tier 4 | 1 | 1 | 1 | HoneyB | Oct 20, 2026 |
| Epoch Ventures | Tier 4 | 1 | 1 | — | Zaria | Oct 19, 2026 |
| Refract Ventures | Tier 4 | 1 | 1 | — | Zaria | Oct 19, 2026 |
| Portal Ventures | — | 1 | 1 | 1 | HoneyB | Oct 20, 2026 |
| Anchorage Digital | — | 1 | 1 | — | HoneyB | Oct 20, 2026 |
| Draper Dragon | Tier 2 | 1 | — | — | Xverse App | Oct 1, 2026 |
| Draper Associates | — | 1 | — | 1 | Xverse App | Oct 1, 2026 |
| Adam Back | — | 1 | — | — | Capital B (ex The Blockchain Group) | Aug 1, 2026 |
| Ondo Finance | — | 1 | — | — | Saturn Credit | Aug 1, 2026 |
| TOBAM | — | 1 | — | — | Capital B (ex The Blockchain Group) | Aug 1, 2026 |
| Trust Machines | — | 1 | — | — | Xverse App | Oct 1, 2026 |
Funds that invest together
No two funds have shared more than one round here yet.
Entry valuation vs now
Not yet: no round here gave a valuation for a project that now trades.
After the round i
| Project | Round | Token | Since |
|---|---|---|---|
| HoneyB | Oct 20, 2026 | No token yet | — |
| Zaria | Oct 19, 2026 | No token yet | — |
| Xverse App | Oct 1, 2026 | No token yet | — |
| Capital B (ex The Blockchain Group) | Aug 1, 2026 | No token yet | — |
| Ionic Digital | Jul 1, 2026 | No token yet | — |
Its rounds i
| Date | Project | Round | Raised | Category | Investors |
|---|---|---|---|---|---|
| Oct 20 | HoneyB | Seed | $5.0M | Bitcoin DeFi | Portal VenturesPEER Venture PartnersAnchorage Digital |
| Oct 2026 | Zaria | Seed | $5.2M | Bitcoin DeFi | Lightspeed Venture PartnersRefract VenturesEpoch Ventures |
| Oct 2026 | Xverse App | Strategic | — | Bitcoin DeFi | Draper AssociatesTrust MachinesDraper Dragon |
| Aug 2026 | Saturn Credit | — | — | Bitcoin DeFi | Ondo Finance |
| Aug 2026 | Capital B (ex The Blockchain Group) | — | $24.5M | Bitcoin DeFi | Adam BackTOBAM |
| Jul 2026 | Ionic Digital | Private | $400.0M | Bitcoin DeFi | Not disclosed |
Read Nov 12, 02:42 UTC. Rounds by month are dated the day they became known.