Crypto funding falls 30% in August despite strong quarterly performance
Crypto protocols raised $1.9 billion in August, down 30% from July’s $2.67 billion, in line with DefiLlama data.
Despite the month-to-month drop, August numbers for raises from enterprise capital funds align with the numbers recorded in July, with $600 million captured from PUMP’s public sale final month.
DeFi protocols dominated August funding with a number of main raises, together with Portal’s $50 million spherical, M0’s $40 million Series B, and aPriori’s $20 million strategic funding.
The sector attracted constant institutional capital throughout infrastructure and buying and selling platforms.
Additionally, the third quarter already surpassed the second quarter’s $4.54 billion totals with $4.57 billion captured in simply two months.
AI and infrastructure development
AI protocols secured substantial funding, with Everlyn elevating $15 million and a number of AI-focused initiatives finishing seed rounds.
The convergence of crypto and AI continues attracting enterprise curiosity as protocols develop decentralized computing and knowledge options. Cybersecurity emerged as one other main class with IVIX finishing a $60 million Series B, the month’s largest conventional enterprise spherical.
Stablecoin infrastructure additionally drew capital, with Rain securing $58 million in Series B funding.
Payment infrastructure attracted various funding. OrangeX accomplished a $20 million Series B and a number of smaller rounds supporting cross-border and service provider fee options. The class advantages from increasing crypto adoption in commercial applications.
Gaming protocols additionally obtained some consideration, comparable to Overtake’s $7 million spherical and continued improvement funding throughout a number of initiatives.
The sector advantages from elevated adoption of blockchain-based gaming mechanics and token economies.
Public token gross sales lose floor
Without a high-profile token sale, comparable to Pump.fun’s, public token gross sales represented solely $30.7 million throughout seven initiatives, together with Lombard’s $6.75 million and Almanak’s twin raises totaling almost $11 million.
Public token gross sales present direct group participation whereas lowering dependence on institutional enterprise capital.
Layer-2 options secured strategic investments with Bitlayer elevating $5 million via public token gross sales and Hemi Labs finishing a $15 million development spherical.
The third quarter’s performance demonstrates sustained institutional curiosity despite month-to-month fluctuations.
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