Crypto attracts $2.67B in funding during July, bolstered by Pumpfun and stablecoin interest
Crypto projects captured $2.67 billion in investments last month and is equivalent to 85% of money raised during the entire second quarter.
DefiLlama data shows that the funding amount in July is 6% larger than June, when crypto startups surpassed $2.5 billion by a small margin.
Additionally, July was the second-largest month in funding, bested only by March’s $3.5 billion. Pump.fun’s pre-sales contributed heavily to July’s numbers, as it attracted nearly $1 billion before its token generation event.
Treasuries shine
DefiLlama tracked investments into crypto-related companies under the category “Investments,” which received $512 million in funding.
BitMine raised $250 million to add Ethereum to its treasury, representing the…
