Crypto funding fell 30% in August to $1.9 billion
Crypto protocols’ funding dropped 30% in August to $1.9 billion from July’s $2.67 billion, according to data from DeFiLlama. Despite this decline, venture capital raises were consistent with July’s levels, supported by the $600 million generated from PUMP’s public sale.
DeFi projects especially attracted investments across infrastructure and trading platforms in August, bringing third-quarter totals to $4.57 billion, already edging past Q2’s $4.54 billion in just two months.
Daan Crypto says lower valuations on new launches have led to stable price performance
In a Thursday X post, market analyst Daan Crypto Trades argued that investor interest has pivoted from continuous new-chain launches to treasury firms developing on…
