Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on Crunchbase’s comprehensive data.
Last updated: 11/04/2026
Eleven companies joined The Crunchbase 糖心视频 in April 2024 鈥斅燼 big jump up from the six companies that joined in April 2023 but still a fraction of the 40 added to the board in April 2022.
The Web3 Tracker is a one-stop shop for following Web3 trends, news and data about venture funding and leading investors in the sector.
Web3 refers to the next evolution of the internet primarily built on blockchain technology. While the concept has been around for just under a decade and didn’t enter mainstream usage until a few years ago, the Web3 sector has attracted more than $100 billion in investment, Crunchbase data shows.
Web3: A brief history
Whereas Web 1.0 represents the early days of the internet and its static, heavy content-related nature, Web 2.0 was the maturation of that into a more user-generated network that brought about more utility, sharing and interactivity.
Web3 could be the most significant step yet. The term was coined by 听肠辞-蹿辞耻苍诲别谤听 in 2014 and refers to moving the internet toward decentralized technologies with the promise of increased transparency and accessibility. Proponents say the shift toward Web3 will make the internet open to more innovative technologies and shift power away from large tech companies.
Web3 is an umbrella term used to describe a new iteration of the Internet that鈥檚 primarily built on blockchain technology.
While the Internet of today鈥攐r Web2鈥攑rimarily focuses on user generated content, social networking and cloud computing, Web3鈥檚 core focus is on decentralization, transparency and accessibility. The technology ushering in this new era was created in response to the centralized nature of the Internet and the perception that a handful of large corporations control what is and isn鈥檛 allowed on the web. Web3 proponents say it puts the power back into the hands of users and creates a more open, transparent and accessible Internet ecosystem.
A few examples of Web3 companies in the U.S. include , a developer platform that helps companies build reliable decentralized applications; , a platform for Ethereum scaling and infrastructure development; and , a startup that鈥檚 focused on making it easier for traditional data sources, such as APIs, to connect with blockchain technology.
The top three Web3 startups by total funding are , with $4.1 billion raised; , with 拢1.5 billion ($1.8 billion) raised; and , with $1.7 billion raised.
The top three startups in the Web3 ecosystem with the highest valuations are , valued at $32 billion; , valued at $14 billion; and , valued at $13.3 billion.
While Web3 isn鈥檛 a technology, there have been innovations created based on what the concept represents: a decentralized internet. An NFT, or non-fungible token, is an example of one such innovation. NFTs allow individuals to claim ownership over digital art and other assets. For example, if you鈥檙e an artist, you can turn an art piece into an NFT and sell it on a marketplace like . To purchase the NFT, an individual might pay you 5 Ether for ownership rights. Your newly acquired Ether coins could then increase (or decrease) in value based on demand and market conditions.聽
A cryptocurrency is a digital currency that鈥檚 tradeable and uses cryptography to secure transactions. To create more transparency, these transactions are primarily stored on the blockchain, making them completely traceable.聽
There are a wide variety of cryptocurrencies, each with its own use case. For example, Bitcoin is considered a store of value. Stellar Lumens (also known as XLM), the token created by the , was created to help individuals transfer money quickly. These cryptocurrencies, and many like them, can be used for things like investing and making purchases.聽
Note: please do your research before investing in any cryptocurrency or digital asset.
No. Web3 is the name used to describe the innovations that blockchain technology has given rise to. Cryptocurrency is the digital currency used within the blockchain ecosystem.聽
To understand how Web3 works, first you need to know the basics of blockchain technology. The blockchain is a distributed database, or ledger, that鈥檚 not owned by any one entity (decentralization). It stores information, such as cryptocurrency transactions, in a digital format that can鈥檛 be edited or deleted (transparency). This information is stored in a 鈥渂lock鈥� that connects to other blocks when it reaches storage capacity limits, creating a chain. Hence the name blockchain.聽
With the transparent and decentralized nature of the blockchain, developers are now building a new wave of innovative applications that leverage this technology; what is now known as Web3.
Yes. Our Web3 Tracker is a public resource. We do ask that you please cite Crunchbase as the data source and include a link to the Web3 Tracker when possible. For additional press inquiries, email press@crunchbase.com.
Please reach out to support@crunchbase.com if your company鈥檚 data needs to be updated or if something is missing.
All of our Web3 news and trends coverage is here.
$10B
Wealthsimple provides digital financial services that help individuals manage investments, savings, and everyday banking activities. Its product offerings include self-directed stock and exchange-traded fund trading, managed investment portfolios, tax-advantaged accounts, and cryptocurrency trading. The company also provides cash accounts, payment cards, and money transfer features for personal financial management. Its investment services include portfolio construction and automated investment management based on individual financial goals and risk preferences. Wealthsimple offers tax preparation and filing tools that support the management of personal income tax returns and related financial records. Through its online platform and mobile application, the company enables customers to monitor account balances, track investments, transfer funds, and access financial planning tools.
Toronto, Canada, North America
Number of Acquisitions 4
Total Funding Amount $2B
$5B
Erebor provides commercial banking, digital asset infrastructure, and custody services for innovation-focused businesses. The company offers regulated deposit accounts and lending tailored to sectors such as artificial intelligence, defense, manufacturing, and digital assets. Erebor also provides stablecoin infrastructure that allows clients to integrate and manage stablecoins within a banking framework. Its custody services support secure storage of both traditional and digital assets for organizations operating in the innovation economy. Erebor focuses on meeting the financial and regulatory requirements of technology-driven and dual-use companies that have specialized banking needs.
Columbus, United States, North America
Number of Acquisitions 0
Total Funding Amount $656M
$2B
The Data Foundation is a web3 technology developer whose goal is to change the way narrative universes are formed. The company's technology enables creators to develop a narrative plot with ownership and motivation by allowing them to create, control, and license intellectual property on-chain.
Bellevue, United States, North America
Number of Acquisitions 0
Total Funding Amount $164M
$2B
Nous Research develops open-source artificial intelligence models, agents, research tools, and infrastructure for AI development and deployment. Its work covers AI agents, model architecture, data synthesis, fine-tuning, reasoning, and natural language processing. The company develops Hermes Agent, an AI assistant available through terminal, desktop, and cloud environments, with capabilities for coding, research, creative tasks, and workflow automation. Nous Research also provides the Nous Portal, which gives users access to AI models, inference services, tools, and cloud hosting. Its research and product releases include language models, agent systems, datasets, and software designed for experimentation and practical AI applications.
Austin, United States, North America
Number of Acquisitions 0
Total Funding Amount $160M
$25B
OKX is a global digital-asset platform that provides cryptocurrency trading and investment services, including spot and derivatives markets, staking and other earning products, peer-to-peer trading, and Web3 tools such as a self-custody wallet and access to decentralized applications.
Mah茅, Seychelles, Africa
Number of Acquisitions 0
Total Funding Amount $210M
$40B
Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.
San Francisco, United States, North America
Number of Acquisitions 8
Total Funding Amount $794M
$25B
OKX is a global digital-asset platform that provides cryptocurrency trading and investment services, including spot and derivatives markets, staking and other earning products, peer-to-peer trading, and Web3 tools such as a self-custody wallet and access to decentralized applications.
Mah茅, Seychelles, Africa
Number of Acquisitions 0
Total Funding Amount $210M
$21B
Kraken is a digital asset exchange and related services provider that enables users to buy, sell, trade, stake, and store cryptocurrencies. It offers spot trading, futures, margin trading indexes, over-the-counter (OTC) execution, and a multi-chain wallet. Kraken supports a large number of cryptocurrencies and fiat currency pairs, and it provides tools for both retail users and institutional clients. It also offers advanced order types, real-time market data, account management services, and resources for learning about blockchain and digital assets.
Cheyenne, United States, North America
Number of Acquisitions 21
Total Funding Amount $2B
$20B
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet鈩�. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Singapore, Singapore, Asia
Number of Acquisitions 11
Total Funding Amount $400M
$15B
Polymarket enables participants to buy and sell shares that represent the probability of specific outcomes, with prices ranging between zero and one dollar to reflect market expectations. Trades occur in a peer-to-peer order book where users transact directly with one another rather than with a central counterparty. Polymarket uses USDC.e as collateral and represents positions as conditional tokens that are settled through smart contracts on the Polygon blockchain. Event outcomes are resolved through a decentralized oracle process that verifies results before distributing payouts to holders of winning shares. The platform uses a non-custodial model where participants maintain control of their assets through personal wallets while all transactions and positions remain publicly verifiable onchain.
New York, United States, North America
Number of Acquisitions 4
Total Funding Amount $2B
$7M
Scallop provides an one-stop solution for fiat and digital currencies. They secured infrastructure, providing a suite of banking products to empower retail and business customers. They use ZK rollups and offer selective asset privacy features on the chain.
Dublin, Ireland, Europe
Number of Acquisitions 0
Total Funding Amount $0
$75M
Stablestocks Lab focuses on the on-chain stock ecosystem, aiming to bridge trillions of equity liquidity into DeFi.
Number of Acquisitions 0
Total Funding Amount $0
Copy Geek is a trading SaaS provider built for crypto enthusiasts. We give serious traders a full toolkit: live PnL analytics, market alerts, a funded trading scholarship, and following that lets them monetise their skills amongst friends, family or private groups. We are non-custodial, so we will never ask you to send us funds.
Number of Acquisitions 0
Total Funding Amount $1M
$31M
Birch Hill Holdings provides digital asset infrastructure for institutions allocating capital onchain. The firm focuses on onchain lending, tokenized asset markets, and digital asset treasury workflows. It offers risk curation, yield vault management, and portfolio visibility tools that emphasize disciplined credit underwriting, constraints, and continuous monitoring. Its services aim to bridge traditional and decentralized finance for institutional participants managing digital asset exposure.
West New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $7M
$38M
MochaTrade is a mobile鈥慺irst fintech platform that lets global retail investors trade leveraged perpetual futures on US stocks, indices, and commodities (like Apple, Tesla, the S&P 500, and gold) without needing a traditional US brokerage account. It focuses on emerging鈥憁arket users, offering 24/7 trading with real鈥憈ime settlement and up to roughly 20脳 leverage.
New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $6M
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