Crypto venture funding has reached $1.2 billion in July even as DeFi investment has fallen to its lowest quarterly level since late 2023.
Summary
- Crypto startups have raised $1.2 billion in July despite a sharp decline in deal activity.
- Coinbase Ventures led investor activity as exchanges, prediction markets, payments and AI attracted major funding.
- DeFi funding fell for three straight quarters, with deal numbers reaching their lowest since 2020.
CryptoRank data shows that investors completed roughly 25 funding rounds in July as of July 20, keeping capital active despite a sharp decline in the number of announced deals.
Monthly fundraising has moved unevenly…
