In Q2 2025, crypto venture funding saw a significant drop, totaling $1.976 billion, primarily driven by later-stage deals.
Funding Overview
Crypto venture funding decreased by 59% in Q2 2025, reaching $1.976 billion. This decline reflects macroeconomic caution and industry maturation, with a preference for established companies over new market entrants.
Leaders in Investment and Their Structures
The U.S. led venture funding efforts, accounting for nearly 48% of all investments despite regulatory scrutiny. Approximately $300 million was secured by XY Miners, making it a leader in mining fundraising. Over 52% of all capital went towards later-stage deals.
Trends and Future Outlook
The decrease in venture funding affected sectors like Bitcoin and Ethereum, where investor activity lagged behind market performance. Trends in DeFi and web3 tokens also reflected diminishing interest. However, ongoing investments in these sectors indicate maturing ecosystems.
The decline in crypto venture funding in Q2 2025 highlights changing investment priorities, focusing on more resilient and adaptable projects amid regulatory scrutiny.
