In November, the cryptocurrency sector saw a continued slowdown in venture capital funding, with deal activity concentrated in large raises by established companies. Crypto venture capital funding remains below previous levels. RootData reported only 57 disclosed crypto funding rounds for the month, with most deals in centralized finance, decentralized finance, and NFT-GameFi sectors.

Ostium, a decentralized perpetuals platform, raised $24 million to scale its onchain perpetuals protocol across non-crypto markets like stocks and commodities. The funding will support Ostium’s push to position itself as a leading protocol for real-world assets, expanding access to traditional markets through self-custodial infrastructure.

Axis, an onchain revenue protocol, secured $5 million in funding led by Galaxy Ventures. The capital will support the development of a transparent, onchain yield infrastructure for digital assets, offering exposure to Bitcoin, gold, and the US dollar. Axis has already deployed $100 million through its beta platform to stress-test the protocol’s engine.

Texas-based startup PoobahAI raised $2 million in seed funding to expand its no-code development platform for building tokenized Web3 networks and AI agents without coding. The company’s tools aim to empower creators, developers, and businesses to launch onchain ecosystems and deploy AI agents without technical expertise. The funding round was led by venture firm FourTwoAlpha.

Read more at Cointelegraph: Crypto VC Funding Slumps Despite Big November Raises