Data: This week, 23 projects raised a total of $1.41 billion, with Kalshi raising $1 billion at a valuation of $11 billion.

According to Mars Finance, Messari monitoring shows that 23 projects raised a total of $1.41 billion this week. The top five fundraising cases are: Kalshi, raising $1 billion with a valuation of $11 billion; Kraken, raising $200 million with a valuation of $20 billion; Doppel, raising $70 million with a valuation exceeding $600 million; Obex, raising $37 million, a crypto incubator focusing on yield-supported stablecoin projects based on the Sky ecosystem; and DeBlock, raising $34.7 million, a European on-chain banking platform.