Crypto Venture Funding Sinks to Second-Lowest Level Since 2020
Crypto venture funding continued its downward trend in Q2 2025, with investors committing $1.97 billion across 378 deals, according to data from Galaxy Research.
The quarter marked the second-lowest level of funding since 2020, underscoring the cautious stance of venture capital firms toward blockchain and Web3 startups.
The slowdown follows a sharp decline from the record-breaking investment cycle of 2021–2022, when quarterly totals peaked at over $13 billion.
Deal count has also fallen significantly, with just 378 deals closed in Q2 compared to more than 1,200 at the cycle’s height.
Analysts suggest that the weak venture environment reflects a combination of regulatory uncertainty, tighter liquidity conditions,…
