Narratives
What the data says about Layer 1 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 Layer 1; Stacks Bond 3 is the project with the most noise there; Squid has the most funding; it has no token yet; its presale: not yet.
- Seeded
- Funded
- Noticed
- Crowded
- Cooling
This week, in plain words
- Layer 1 has no funding round in the last 30 days..
- This week: 1 new round (the week before, 0). The largest: Stacks Bond 3 (an undisclosed amount).
- Top funds in it this month: Stani Kulechov (tier 1), Distributed Global (tier 2) and Fabric Ventures (tier 2).
- First round we know of here for Stani Kulechov, Distributed Global and Fabric Ventures.
- The most talked-about project is Stacks Bond 3 (1 story).
- Of the 3 projects that raised here, 2 have no token yet.
- Token sales: Mandala Chain (open).
Rounds, 30 d3new
With top funds1rounds
Raised, 30 d$4.5M2 with a figure
Share of news2.6%554 stories
No token yet2of 3 projects
Twelve weeks i
Projects to watch i
| Project | Last round | Funds | Token | News | Social | Sale |
|---|---|---|---|---|---|---|
| Squid | Oct 19 · Seed Round · $3.5M | Stani KulechovAshleigh SchapAthabasca Capital+10 | Listed | — | — | Not yet |
| Stacks Bond 3 | Nov 5 · Token sale | 21sharesBullish | No token yet | 1 | — | Not yet |
| Mandala Chain | Oct 19 · Pre-Seed · $1.0M | Harbour Industrial CapitalNLS VenturesO-DE Capital Partners | No token yet | — | — | Public sale open |
Funds in Layer 1 i
| Fund | Tier | Rounds | This month | Led | Projects | First here |
|---|---|---|---|---|---|---|
| Stani Kulechov first time | Tier 1 | 1 | 1 | — | Squid | Oct 19, 2026 |
| Distributed Global first time | Tier 2 | 1 | 1 | — | Squid | Oct 19, 2026 |
| Fabric Ventures first time | Tier 2 | 1 | 1 | — | Squid | Oct 19, 2026 |
| Chapter One Ventures | Tier 3 | 1 | 1 | — | Squid | Oct 19, 2026 |
| Harbour Industrial Capital | Tier 4 | 1 | 1 | 1 | Mandala Chain | Oct 19, 2026 |
| Athabasca Capital | Tier 4 | 1 | 1 | — | Squid | Oct 19, 2026 |
| Bullish | Tier 4 | 1 | 1 | — | Stacks Bond 3 | Nov 5, 2026 |
| NLS Ventures | Tier 4 | 1 | 1 | — | Mandala Chain | Oct 19, 2026 |
| North Island Ventures | Tier 4 | 1 | 1 | — | Squid | Oct 19, 2026 |
| O-DE Capital Partners | Tier 4 | 1 | 1 | — | Mandala Chain | Oct 19, 2026 |
| 21shares | — | 1 | 1 | — | Stacks Bond 3 | Nov 5, 2026 |
| Ashleigh Schap | — | 1 | 1 | — | Squid | Oct 19, 2026 |
| Axelar | — | 1 | 1 | — | Squid | Oct 19, 2026 |
| Dean Eigenmann | — | 1 | 1 | — | Squid | Oct 19, 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 |
|---|---|---|---|
| Squid | Oct 19, 2026 | Listed | -11.5% |
Its rounds i
| Date | Project | Round | Raised | Category | Investors |
|---|---|---|---|---|---|
| Nov 5 | Stacks Bond 3 | Token sale | — | Layer 1 | Bullish21shares |
| Oct 19 | Mandala Chain | Pre-Seed | $1.0M | Layer 1 | Harbour Industrial CapitalNLS VenturesO-DE Capital Partners |
| Oct 19 | Squid | Seed Round | $3.5M | Layer 1 | Fabric VenturesNode CapitalStani KulechovChapter One Ventures+9 |
Read Nov 10, 23:41 UTC. Rounds by month are dated the day they became known.