Been tracking the funding landscape last week and there's some interesting moves happening across the board. The numbers tell a pretty compelling story about where capital is flowing right now.

First thing that caught my attention: Mesh, the crypto payment network, just closed a massive $75 million Series C round. Dragonfly Capital leading it, with Paradigm, Coinbase Ventures, and others jumping in. Post-money valuation hit $1 billion, total funding now over $200 million. What's interesting here is the focus—they're pushing expansion into Latin America, Asia, and Europe. Already serving over 900 million users, supporting payments across Bitcoin, Solana, and other assets while merchants settle in stablecoins. That's the kind of infrastructure play that actually has real adoption numbers behind it.

On the DeFi side, things are heating up too. Andre Cronje's Flying Tulip just wrapped up a $25.5 million Series A, bringing total funding to $225.5 million at a $1 billion valuation. The interesting part? They're planning a public sale on CoinList next week, and they've already got $1.36 billion in investment intentions on the table. That's the kind of demand we haven't seen as much lately.

Then you've got Doppler raising $9 million in seed funding from Pantera Capital—a token creation protocol that's been processing over 40,000 assets daily. Tenbin Labs pulling in $7 million from Galaxy Digital to tokenize gold and forex markets. Everything, a trading platform combining perpetual contracts and spot markets, closed a $6.9 million seed round. Bleap, the on-chain finance app backed by former Revolut executives, raised $6 million. And Golden FI, working on RWA infrastructure, completed a $2 million seed round.

Outside DeFi, Talos—the crypto trading platform focused on institutional infrastructure—just raised $45 million in a Series B expansion round. Robinhood led it, with a16z crypto, BNY, Fidelity, Sony Innovation Fund, IMC, QCP, and Karatage all participating. Company's valued at around $1.5 billion now, serving clients managing approximately $21 trillion in assets.

Sony's also backing Startale with an additional $13 million as the first tranche of Series A funding for the Soneium blockchain co-developer. And in the venture capital space itself, Escape Velocity just raised $62 million for a second fund focused on DePIN and broader crypto projects.

Overall, last week saw 10 disclosed funding events across the sector totaling over $197 million. What stands out is the diversity—payment infrastructure, DeFi primitives, institutional trading, RWA tokenization, and blockchain platforms all attracting capital. The market's definitely picking up momentum across different verticals.