A rising Web3 protocol just hit a major milestone—capital commitments have surged past its fundraising target. The project aimed for $1B in total raise, but investor appetite pushed that to $1.22B in pledges, marking a 22% oversubscription.

The funding structure breaks down as follows: $200M came through the private financing round, another $200M was mobilized via the community platform route, and an additional $200M got earmarked for ecosystem development partners. This tiered approach reflects how modern crypto projects are diversifying their capital sources across institutional, community, and strategic allocation channels.