Crypto Venture Capital Sees Strong Week: Hercle Secures $60M, MegaETH Attracts $50M
Between October 26 and November 1, the cryptocurrency sector witnessed a robust influx of venture capital, with a total of $169.73 million channeled into 13 blockchain and Web3 projects. This funding wave underscores growing investor interest in digital finance infrastructure, scaling solutions, and regional stablecoin initiatives.
Hercle Leads the Pack with $60 Million
At the top of the funding leaderboard stands Hercle, which closed a significant $60 million round. The company is focused on building an advanced financial infrastructure tailored for institutional players. Hercle’s platform is designed to facilitate seamless, near-instant capital transfers across fiat currencies, stablecoins, and a range of digital assets—aiming to revolutionize global capital movement.
According to company representatives, this investment will accelerate Hercle’s mission to modernize institutional finance, offering scalable and secure solutions that match the growing demand for cross-asset liquidity and operational efficiency. As the crypto space matures, platforms like Hercle are positioning themselves as critical infrastructure for the next generation of financial services.
MegaETH Raises $50 Million Following Massive Public Sale
MegaLabs, the team behind the Ethereum Layer-2 project MegaETH, secured $50 million in funding, capping off a highly successful public token sale. The $MEGA token sale drew significant attention, with over 50,000 participants committing a staggering $1.39 billion in total bids. The offering was oversubscribed nearly 28 times, highlighting the market’s enthusiasm for high-performance Ethereum scaling solutions.
MegaETH aims to enhance Ethereum’s throughput and reduce transaction costs, providing a smooth on-chain experience for developers and users alike. With this new funding, MegaLabs plans to expand its ecosystem, attract new dApps, and continue building its rollup technology to handle growing user demand.
ZAR Raises $12.9 Million to Bring Stablecoin Access to the Global South
Another notable raise came from ZAR, which closed a $12.9 million round to develop a stablecoin ecosystem tailored for emerging markets, particularly in the Global South. The initiative, backed by investment heavyweights such as a16z crypto, Dragonfly Capital, VanEck, Coinbase Ventures, and Endeavor Catalyst, seeks to offer stable and accessible digital dollars where they are most needed.
ZAR’s mission is to create a reliable financial bridge for underbanked populations by offering a USD-pegged stablecoin that can be easily integrated into local financial systems. This recent funding will support further development, regulatory compliance, and strategic partnerships aimed at increasing adoption across Africa, Latin America, and Southeast Asia.
Projects Under $10 Million: Expanding the Ecosystem
While Hercle, MegaETH, and ZAR dominated headlines, several smaller initiatives also secured funding under the $10 million mark. These include early-stage projects focused on DeFi, digital identity, decentralized infrastructure, and blockchain gaming. Though these rounds were smaller in size, they reflect the diversity and innovation still present in the crypto startup space.
These micro-funding rounds often serve as the first step for disruptive technologies that may shape the future of Web3. They also indicate that despite market volatility, venture capitalists continue to bet on long-term innovation within the crypto landscape.
Why VC Funding in Crypto Remains Strong Despite Market Uncertainty
Despite macroeconomic pressures and regulatory ambiguity in key markets, venture capital investment in the crypto sector remains resilient. Investors are increasingly focused on infrastructure that enables scalability, security, and user adoption—not just speculative assets.
The success of mega-rounds like those from Hercle and MegaETH suggests that institutional-grade platforms and Ethereum scaling solutions are top priorities for investors. At the same time, the rise of region-specific stablecoin projects like ZAR indicates a growing focus on financial inclusion and real-world use cases.
The Role of Oversubscription in Public Sales
MegaETH’s public sale, which was oversubscribed by nearly 28 times, is a testament to investor appetite for next-gen blockchain solutions. Oversubscription not only reflects strong demand but also allows projects to optimize token distribution and raise community awareness. However, it also poses challenges, as projects must manage allocation fairly and transparently to maintain trust.
Public sales that attract overwhelming interest often indicate that the market is hungry for utility-driven tokens that offer meaningful infrastructure or platform benefits, rather than purely speculative value.
The Growing Importance of Stablecoins in Emerging Markets
ZAR’s funding highlights a broader trend: the rising importance of stablecoins in regions with unstable local currencies or limited banking access. By offering a stable, blockchain-based alternative to fiat, stablecoins can help mitigate inflation risks and facilitate cross-border transactions for millions of unbanked individuals.
More importantly, these stablecoins are becoming tools for economic empowerment, enabling users in the Global South to participate in the digital economy with fewer barriers. Venture capital firms are increasingly recognizing this opportunity and backing projects aimed at enabling financial inclusion.
Institutional Capital Driving Infrastructure Growth
The $60 million raise by Hercle is emblematic of a shift in focus among investors: from consumer-facing apps to robust backend infrastructure. Institutional capital is now targeting platforms that offer reliability, compliance, and scalability—key requirements for onboarding legacy financial institutions into the blockchain space.
As these players enter the market, the demand for institutional-grade custody, settlement, and liquidity solutions will continue to grow. Companies like Hercle are well-positioned to meet this demand and become foundational layers in the evolving digital financial system.
Looking Ahead: What This Means for the Crypto Industry
The funding activity from October 26 to November 1 reinforces the notion that crypto is maturing beyond speculative trading into a full-fledged technology sector. With hundreds of millions being invested in infrastructure, scalability, and financial inclusion, the ecosystem is preparing for its next phase of adoption.
As regulatory clarity improves and technical solutions become more robust, we can expect more traditional capital to flow into the space. The success of recent funding rounds suggests that investors are increasingly looking for long-term value, sustainable business models, and blockchain applications that solve real-world problems.
In conclusion, the strong VC activity observed over the week is a positive signal for the crypto industry. It shows confidence in the sector’s future, with capital flowing into areas that promise scalability, inclusivity, and institutional readiness. From Hercle’s global money movement platform to MegaETH’s Ethereum scaling vision and ZAR’s stablecoin for the Global South, it’s clear that crypto innovation is alive and well—and attracting serious backing.