Umia Finance raised approximately $6.2 million in USDC during its $UMIA token auction from late August through September 2, 2026, attracting over 2,700 individual wallets. Tokens cleared at $0.36 each, implying a fully diluted valuation of around $18 million, with over $8 million traded in the first 24 hours. Ethos Network secured a $1.75 million pre-seed round in July 2024 from 59 angel investors with no venture capital involvement. The WHUF token auction ran from September 1 through September 4, 2026, with bid prices ranging from $0.10 to $9.90 per token. Both projects demonstrate that Base is becoming a significant ecosystem for launching new decentralized protocols without traditional VC funding.
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