Gate Research: Primary market financing surged 104.8% in October, with capital heavily invested in prediction markets and stablecoin infrastructure.

According to the "October 2025 Web3 Funding Panorama" report released by Gate Research Institute, the Web3 funding market rebounded strongly in October, with 130 transactions completed and a total funding amount of $5.12 billion, a significant increase of 104.8% month-on-month, marking the second highest level in nearly a year. Strategic rounds dominated the funding structure in October, accounting for over 70%, driven by the explosion of prediction markets and the accelerated integration of CeFi and TradFi. Polymarket topped the list with $2 billion in strategic funding, marking a high point for the prediction market sector in terms of capital investment. CeFi maintained its expansion momentum through mergers and acquisitions and structured financing, continuously deepening its synergy with the traditional financial system. In terms of sectors, DeFi jumped to the top with $2.15 billion in total funding, reflecting the concentrated allocation of capital to innovative financial applications. Stablecoin infrastructure also became a focus, with Tempo completing a $500 million Series A funding round, further consolidating its strategic position as the underlying layer of Web3 finance. The distribution of financing amounts exhibits a pattern of "mid-sized projects dominating, with increasing polarization." Projects with financing amounts in the $3 million–$10 million range are the most active, accounting for over one-third; while smaller financings below $1 million account for only 5.9%, a recent low, indicating that capital is becoming increasingly selective in its screening of "purely conceptual" projects, with funds rapidly flowing towards mature teams and implemented solutions possessing long-term competitiveness. Overall, the Web3 financing landscape in October shows a triple trend of "capital return, structural reshaping, and confidence recovery," suggesting the industry is entering a new cycle driven by steady growth and real value creation.