Gate Research Institute: In October, the primary market financing amount surged by 104.8%, with capital reallocation predicting market and stablecoin infrastructure

The report "2025 Web3 Financing Panorama Interpretation" released by Gate Research Institute shows that the Web3 financing market rebounded strongly in October, completing a total of 130 transactions with a total financing amount of $5.12 billion, a month-on-month increase of 104.8%, marking the second highest level in nearly a year.

The financing structure in October was dominated by strategic rounds, accounting for over 70%, driven primarily by the explosion of prediction markets and the accelerated integration of CeFi and TradFi. Among them, Polymarket topped the list with $2 billion in strategic financing, marking a capital highlight moment for the prediction market track; CeFi maintained its expansion momentum through mergers and acquisitions and structured financing, continuously deepening its synergy with the traditional financial system.

In terms of tracks, DeFi surged to the top with a total financing of $2.15 billion, reflecting concentrated capital allocation towards innovative financial applications; stablecoin infrastructure also became a focus, with Tempo completing $500 million in Series A financing, further consolidating its strategic position as the underlying layer of Web3 finance.

The distribution of financing scale shows characteristics of "mid-to-large dominance, with increasing polarization," with projects in the $3 million to $10 million range being the most active, accounting for over one-third; while small financing below $1 million accounted for only 5.9%, hitting a recent low, indicating that capital's screening criteria for "purely conceptual" projects are becoming increasingly stringent, with funds accelerating towards mature teams and viable solutions that possess long-term competitiveness.

Overall, the Web3 financing landscape in October presented three trends: "capital return, structural reshaping, and confidence recovery," as the industry enters a new cycle oriented towards steady growth and actual value creation.