Gate Research: Primary market financing surged 104.8% in October, with capital heavily invested in prediction markets and stablecoin infrastructure.

According to a report titled "2025 Web3 Financing Panorama Interpretation" released by Gate Research Institute, the Web3 financing market rebounded strongly in October, with 130 transactions completed and a total financing amount of $5.12 billion, a 104.8% increase month-on-month, marking the second highest level in nearly a year. Strategic rounds dominated the financing structure in October, accounting for over 70%, driven by the explosion of prediction markets and the accelerated integration of CeFi and TradeFi. Polymarket topped the list with $2 billion in strategic financing, marking a high point for the prediction market sector in terms of capital investment. CeFi maintained its expansion momentum through mergers and acquisitions and structured financing, continuously deepening its synergy with the traditional financial system. In terms of sectors, DeFi jumped to the top with $2.15 billion in total financing, reflecting the concentrated allocation of capital to innovative financial applications. Stablecoin infrastructure also became a focus, with Tempo completing a $500 million Series A financing, further consolidating its strategic position as the underlying layer of Web3 finance. The distribution of financing amounts exhibits a pattern of "mid-sized projects dominating, with increasing polarization." Projects with financing amounts in the $3 million–$10 million range are the most active, accounting for over one-third; while smaller financings below $1 million account for only 5.9%, a recent low. This indicates that capital is becoming increasingly selective in its screening of "purely conceptual" projects, with funds rapidly flowing towards mature teams and implemented solutions possessing long-term competitiveness. Overall, the Web3 financing landscape in October shows a triple trend of "capital return, structural reshaping, and confidence recovery," suggesting the industry is entering a new cycle driven by steady growth and real value creation.