69 Best Decentralized Finance Startups to Watch in 2025

The Definitive Seedtable Ranking of Decentralized Finance Startups

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 264 start-ups with an aggregate funding of $2.4b. The average funding per company in this subset is $34.2m.

Last update to the database: Feb 18, 2025. See changelog.

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Euler logo

Euler

Euler is a decentralized finance company founded in 2020 by Michael Bentley, Doug Hoyte, and Jack Prior.

3

Funding Rounds

$40.8m

Money raised

Numerai logo

Numerai

Numerai is a hedge fund with stock market trades determined by crowdsourced artificial intelligence models. The best models receive rewards in the form of a cryptographic token called Numeraire (NMR) on the Ethereum blockchain.

3

Funding Rounds

$17.5m

Money raised

P2P Validator logo

P2P Validator

P2P Validator is a company with a platform that helps investors compound their cryptocurrency investments by participating in staking.

1

Funding Rounds

$23.0m

Money raised

Mythical Games logo

Mythical Games

Mythical Games is a Los Angeles-based video game development company developing games for playable non-fungible tokens to identify game characters that players can own and offers players a secondary market.

9

Funding Rounds

$454.1m

Money raised

Celo logo

Celo

Celo is an open platform that offers financial tools to mobile phone users.

5

Funding Rounds

$126.5m

Money raised

Parallel Finance logo

Parallel Finance

Parallel Finance is a decentralized lending and staking protocol on Polkadot and Ethereum.

3

Funding Rounds

$34.0m

Money raised

Immunefi logo

Immunefi

Immunefi is a bug bounty security services platform that focuses on bug bounty and security services for Web3 projects.

2

Funding Rounds

$29.5m

Money raised

Flint logo

Flint

Flint is a global crypto investment app offering a range of passive investment assets to its users built on top of crypto.

1

Funding Rounds

$5.1m

Money raised

Backd logo

Backd

Backd is a liquidity made reactive founded in 2020 by Xan Myburgh.

1

Funding Rounds

$3.5m

Money raised

Ondo Finance logo

Ondo Finance

Ondo Finance is an open, permissionless, decentralized investment bank

2

Funding Rounds

$24.0m

Money raised

ZETA logo

ZETA

Zeta Markets is the premier derivatives protocol on Solana.

1

Funding Rounds

$8.5m

Money raised

Azuro logo

Azuro

Decentralized autonomous organization focused on the democratization and innovation in betting

2

Funding Rounds

$8.5m

Money raised

MyCointainer logo

MyCointainer

MyCointainer is a staking, masternode, lpos, pos, proof of stake coins solution.

2

Funding Rounds

$12.0m

Money raised

Gelato logo

Gelato

Gelato is a protocol to automate smart contract executions on Ethereum.

2

Funding Rounds

$12.2m

Money raised

Cake DeFi logo

Cake DeFi

Cake is an all-in-one decentralized finance (DeFi) platform.

1

Funding Rounds

$2.4m

Money raised

LayerZero Network logo

LayerZero Network

LayerZero is an omnichain interoperability protocol that unites decentralized applications (dapps) across disparate blockchains

4

Funding Rounds

$263.3m

Money raised

Pods logo

Pods

Pods is a decentralized non-custodial options protocol. Users can create options and trade them through an Options AMM on the Ethereum Blockchain.

1

Funding Rounds

$5.6m

Money raised

Primitive Finance logo

Primitive Finance

Primitive - Crypto derivative products built on the Replicating Market Maker protocol, an oracle-free solution to scalable and efficient on-chain derivatives.

1

Funding Rounds

$9.0m

Money raised

Currency.com logo

Currency.com

Regulated crypto exchange. Built the world's first regulated tokenised assets platform. It aims to revolutionise cryptocurrency investment.

1

Funding Rounds

$8.0m

Money raised

FluidAI logo

FluidAI

FluidAI is a technology company that uses artificial intelligence to provide a host of solutions for the digital assets industry. The company is based in the United Arab Emirates.

1

Funding Rounds

$10.0m

Money raised

Matrixport logo

Matrixport

Matrixport is a cryptocurrency financial services platform enabling users to earn, invest, trade, loan and purchase crypto assets.

1

Funding Rounds

$100.0m

Money raised

deBridge Finance logo

deBridge Finance

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows decentralized transfer of data and assets between various blockchains.

1

Funding Rounds

$5.5m

Money raised

Etherscan logo

Etherscan

Etherscan is a block explorer for Ethereum.

2

Funding Rounds

Block Earner logo

Block Earner

Block Earner is a blockchain powered fintech on a mission to provide a user-friendly interface for everyday Australians to access the benefits of decentralised finance.

1

Funding Rounds

$6.4m

Money raised

GIANT Protocol logo

GIANT Protocol

GIANT Protocol is a developer of a blockchain protocol for decentralizing and democratizing access to the internet and financial services through tokenized bandwidth.

1

Funding Rounds

$5.0m

Money raised

Router Protocol logo

Router Protocol

Router Protocol is a blockchain that offers cross-chain dApp interoperability to developers.

2

Funding Rounds

$4.6m

Money raised

Penumbra logo

Penumbra

Penumbra is a shielded, cross-chain network allowing users to securely transact, stake, swap, or marketmake without broadcasting their personal information.

1

Funding Rounds

$4.8m

Money raised

Hedgehog (tech company) logo

Hedgehog (tech company)

Crypto hedgehog is a San Jose, CA-based investment management software company providing a portfolio management app for cryptocurrencies.

1

Funding Rounds

$1.6m

Money raised

C3 Protocol logo

C3 Protocol

A decentralized capital market powered by a cross-margin cross-collateralization clearing engine protocol.

1

Funding Rounds

$3.6m

Money raised

Aperture Finance logo

Aperture Finance

Aperture Finance is a cross-chain marketplace for investing strategies in the decentralized finance domain.

1

Funding Rounds

$5.3m

Money raised

KurateDAO logo

KurateDAO

KurateDAO is a blockchain-based databased for Web3 applications.

1

Funding Rounds

$6.9m

Money raised

Sense Finance logo

Sense Finance

Sense Finance is an adding Dimension to DeFi founded in 2021 by Kenton Prescott.

1

Funding Rounds

$5.2m

Money raised

Maverick Protocol logo

Maverick Protocol

Trading on Any Asset with up to 10x Buying Power. Capital-Efficient Staking with High Yield.

1

Funding Rounds

$8.0m

Money raised

Teller logo

Teller

Teller is an algorithmic credit risk protocol, built to enable the creation of decentralized lending markets that can offer unsecured loans, without the need for collateral.

2

Funding Rounds

$7.9m

Money raised

Via Protocol logo

Via Protocol

Advanced Cross-Chain Liquidity Aggregation Protocol and cross-chain NFT sale.

1

Funding Rounds

$1.2m

Money raised

Torches Finance logo

Torches Finance

Borrow and lend cryptos on Torches, a leading lending protocol on the secure, fast and low-cost KuCoin Community Chain (KCC). Lend digital assets to earn passive income. Borrow digital assets using collateral without selling the assets.

2

Funding Rounds

MarginFi logo

MarginFi

MarginFi is a decentralized portfolio margining on Solana founded in 2021.

1

Funding Rounds

$3.0m

Money raised

IndexZoo logo

IndexZoo

IndexZoo is a DeFi ecosystem of tokenized ETFs to protect crypto investors from market downturns and volatility risks.

1

Funding Rounds

$2.0m

Money raised

Bullish logo

Bullish

Bullish is a developer of an exchange for digital assets.

1

Funding Rounds

$300.0m

Money raised

MetaStreet logo

MetaStreet

MetaStreet is a decentralized interest rate protocol.

3

Funding Rounds

$24.0m

Money raised

Coinshift logo

Coinshift

Coinshift (Formerly MultiSafe) is simplifying crypto treasury management on top of Gnosis safe

2

Funding Rounds

$17.5m

Money raised

Aligned logo

Aligned

Aligned is a company founded in 2022 by Sam Cassatt.

1

Funding Rounds

$34.0m

Money raised

Element Finance, Inc. logo

Element Finance, Inc.

Element is an open-source protocol for fixed and variable yield markets.

2

Funding Rounds

$36.4m

Money raised

ICONIUM logo

ICONIUM

ICONIUM works with projects in digital assets, metaverses, and blockchain.

1

Funding Rounds

$5.7m

Money raised

Entropy logo

Entropy

Entropy is a decentralized asset custody protocol founded in 2021.

3

Funding Rounds

$52.0m

Money raised

Retrograde logo

Retrograde

Retrograde is a supercharging Yields and Governance on Terra.

1

Funding Rounds

Prime Trust logo

Prime Trust

Prime Trust is a technology-driven trust company unlike anything else in existence. We are doing to the traditional trust industry what Paypal did to merchant processing; completely disrupting it by writing software that brings services to the masses and that business partners can build on top of. As a chartered, regulated financial institution we are overseen by the banking commissioner's office at the Financial Institutions Division. As a trust company we hold cash and non-cash assets such as stocks, bonds, Bitcoin and other cryptocurrencies, tokens, real estate, and private business ownership interests. We act as custodian and trustee for a wide variety of personal and corporate trusts, as well as a major part of the crowdfunding industry, and work with individuals, corporations, lawyers, brokers, investment advisers and others on holding and managing specialized custodial, escrow and trust services. Our team has deep experience in all facets of trust operations, banking, securities regulations, and governmental affairs, and we have our own team of full-time, in-house, security-vetted engineers. Together we deliver world class solutions and services to individuals and corporations of all sizes to keep them protected. Member, American Bankers Association and Nevada Trust Company Association.

7

Funding Rounds

$176.0m

Money raised

Fuel Labs logo

Fuel Labs

Fuel Labs is a group focused on sustainable scaling using optimistic rollups.

3

Funding Rounds

$80.0m

Money raised

IPOR Labs logo

IPOR Labs

Building the IPOR Protocol #DeFi Interest Rate Benchmark & Interest Rate Derivatives

1

Funding Rounds

$5.6m

Money raised

Numio: Ethereum Wallet & DeFi logo

Numio: Ethereum Wallet & DeFi

Send Crypto Instantly and Save up to 100x on Ethereum Fees Cheap. Fast. Secure.

1

Funding Rounds

$1.3m

Money raised

gDEX Metaverse logo

gDEX Metaverse

gDEX Metaverse is a gaming platform in the metaverse.

2

Funding Rounds

Realm logo

Realm

Platform for building modern reactive apps with realtime collaboration and offline capabilities.

3

Funding Rounds

$4.9m

Money raised

Redefine logo

Redefine

Advanced end-to-end security solutions for DeFi investors and traders.

1

Funding Rounds

$11.0m

Money raised

BVNKFinance logo

BVNKFinance

Banking and payments built on crypto, for the digital economy.

1

Funding Rounds

$40.0m

Money raised

Shade Protocol logo

Shade Protocol

Shade Protocol is an array of connected privacy-preserving DeFi applications built on Secret Network

1

Funding Rounds

$5.0m

Money raised

Aplo logo

Aplo

Aplo (formerly SheeldMarket) is a cryptocurrency broker.

2

Funding Rounds

$11.0m

Money raised

Algofi logo

Algofi

Algofi is a New York-based decentralized finance company offering a blockchain for users to earn yield on their cryptocurrencies without depositing it in a bank or with a centralized custodian.

1

Funding Rounds

$2.8m

Money raised

Elixir logo

Elixir

Elixir is a company that has developed a protocol for decentralized finance.

1

Funding Rounds

$2.1m

Money raised

Gauntlet logo

Gauntlet

Gauntlet is a New York-based software development company and DeFi-native economic research firm.

4

Funding Rounds

$44.7m

Money raised

Volmex Finance logo

Volmex Finance

Volmex Finance is a protocol focused on implied volatility derivatives.

1

Funding Rounds

Brahma Finance logo

Brahma Finance

Brahma aims to simplify the interaction with DeFi primitives through easy to invest vaults, which leverage composability with multiple protocols to deliver superior risk-adjusted yield to users.Brahma provides an alternative to inflationary returns via liquidity mining and discourages mercenary capital .

1

Funding Rounds

$4.2m

Money raised

Yummy logo

Yummy

Yummy is a Caracas, Venezuela-based company developing a food delivery super-app and a quick commerce platform for the LatAm market.

2

Funding Rounds

$51.5m

Money raised

Cobo logo

Cobo

Cobo Wallet is a cryptocurrency wallet on iOS & Android. It supports Bitcoin, Ethereum, Litecoin and EOS. It is headquartered in Beijing.

4

Funding Rounds

$113.0m

Money raised

EigenLayer logo

EigenLayer

EigenLayer is a platform to leverage Ethereum security through the innovative method of restaking, the innovative EigenDA is a highly customizable and hyperscaled data availability service on Eigenlayer(designed for Optimistic and ZK rollups). Everyone can add new features to Ethereum on it. Founded by Sreeram Kannan.

1

Funding Rounds

$50.0m

Money raised

Narfex logo

Narfex

Narfex is a DeFi market exchange.

1

Funding Rounds

$100.0k

Money raised

Samourai Wallet logo

Samourai Wallet

Samourai Wallet is a cryptocurrency wallet that offers users the ability to keep their cryptocurrencies stored safely and their identities and transactions private.

1

Funding Rounds

$100.0k

Money raised

Skrumble Network logo

Skrumble Network

Skrumble Network is a communication-centric blockchain and decentralized social media application.

2

Funding Rounds

$16.0m

Money raised

GFX Labs logo

GFX Labs

GFX Labs is a technology company with a focus on developing decentralized finance products.

1

Funding Rounds

$2.5m

Money raised

GoodGhosting logo

GoodGhosting

GoodGhosting is a DeFi pool which rewards regular saving founded by Rachel Black, Francis B. Odisi and Giel Detienne.

1

Funding Rounds

$1.3m

Money raised