Decentralized Finance startups in Vietnam
There are 138 Decentralized Finance startups in Vietnam which include Sky Mavis, Mirai Labs, Coin98, Axie Infinity, Heroverse. Out of these, 82 startups are funded, with 5 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 12 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Aalto University, Imperial College London and London School of Economics and Political Science.
Here is the list of top Decentralized Finance startups in Vietnam
1. Sky Mavis
Blockchain-based video game development studio. The company focuses on developing NFT-based strategy and role-playing games. One of the games developed by the company includes Axie Infinity. The game is available on the PC platform.
Key facts about Sky Mavis
- Founded Year: 2019
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $311M
- Investors: Andreessen Horowitz, Animoca Brands and 33 Others
- Latest Funding Round: Series B, Apr 06, 2022, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 5 of 348 Competitors
2. Mirai Labs
Game development studio creating blockchain games. The company focuses on the development of blockchain-based racing and pet games including Pegaxy, Petopia, and PetM.
Key facts about Mirai Labs
- Founded Year: 2021
- Location: Hanoi (Vietnam)
- Stage: Seed
- Total Funding till date: $4M
- Investors: Mechanism Capital, Lhava and 7 Others
- Latest Funding Round: Seed, Feb 11, 2025, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 4 of 98 Competitors
3. Coin98
Diversified solution for cryptocurrency Its services includes storing, sending and receiving, trading, wallet management, and more. It supports currencies such as Bitcoin, Ethereum, Binance Smart Chain, and more. The app is available on iOS and Android platforms.
Key facts about Coin98
- Founded Year: 2017
- Location: Ho Chi Minh City (Vietnam)
- Stage: Funding Raised
- Investors: Bee Blockchain Venture Capital Fund and CRVN Capital
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 1 of 3 Competitors
Developer of a decentralized strategy-based gaming platform. It provides users with a platform where users can buy virtual plots that can be upgraded over time using a variety of resources and crafting ingredients that can be founded when playing the game. Users can also sell the plots in the marketplace.
Key facts about Axie Infinity
- Founded Year: 2018
- Location: Ho Chi Minh City (Vietnam)
- Stage: Funding Raised
- Investors: Binance Labs, Broadhaven Ventures and 20 Others
- Latest Funding Round: ICO, Nov 04, 2020, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 6 of 377 Competitors
5. Heroverse
NFT-based puzzle game website. The game - Heroverse is a three puzzle and RPG strategy NFT game. Players can trade items in the marketplace. It also offers rewards and spin wheels.
