Crypto Investment Slows, August Funding Sinks To $2 Billion
After a summer marked by cautious investor sentiment and shifting priorities across the sector, new figures show that capital flows into crypto are starting to cool. Overall funding for crypto protocols was down 30% in August, sliding to nearly $2 billion from July’s $2.67 billion, according to DeFiLlama. Related Reading: ETF Dreams For Dogecoin: Serious Possibility Or Just Hype? Funding Dips Yet Quarter Gains Based on reports, third-quarter totals reached $4.57 billion in just two months, pushing past Q2’s $4.54 billion. That shows money is still moving, even if monthly flows look cooler....
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The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022. Despite the ongoing market slump, the crypto sector has already raised $30.3 billion in funds, outpacing an entire year of fundraising in 2021, a new report shows. In a report on Aug. 2 by crypto analytics firm Messari and Dove Metrics, the data shows that the $30.3 billion raised in centralized finance (CeFi), decentralized finance (DeFi), nonfungible tokens (NFTs), and infrastructure was achieved through 1199 funding rounds in H1 2022.The total amount of raised funds in the....
The crypto market downturn continues to impact private funding, but one fund is bullish about the future of Web3. Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — a 10.1% decline from July. The data was drawn from the Cointelegraph Research....
Crypto derivatives exchange FTX is raising a funding round with a private valuation just north of $20 billion. Per The Block, the exchange is reportedly looking for funding anywhere from $400 million to $1 billion. The latest funding raise would be used to expand FTX’ exchange offerings beyond cryptocurrencies in light of competitors venturing into […]
Crypto startups faced a startling setback in August as venture funding plummeted to less than $500 million, marking the lowest point in over two years, according to data from The Block Research. This decline marks the fourth consecutive month of dwindling venture funding volumes in the crypto space, reflecting a stark contrast to the exuberant […]
Funding for crypto and blockchain startups is not slowing in 2021 as VC funds appear keen to enjoy the exponential growth potential. Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020.Indeed, three companies in the market attracted $1.1 billion from backers in Q1 202 — a third of the total funding for crypto and blockchain firms reported in 2018. With the current bullish enthusiasm in the crypto space, VC funding....