July’s Crypto Funding Frenzy: Blockworks Research Reveals $6B Surge
Crypto's cash grab hits new highs—while traditional finance scrambles to keep up.
Blockworks Research drops the mic with July's staggering $6B funding haul. VCs and retail piling in? Or just another case of 'smart money' chasing shiny objects?
The takeaway: When crypto winter thaws, the money flows faster than a DeFi flash loan. Meanwhile, Wall Street still can't decide if blockchain is a threat or a toy.
Look at the itty-bitty June bar in comparison to July
Of that $6 billion, roughly $177 million came from M&A activity. To break that down further: 96 raise announcements were made in comparison to just 12 M&A announcements. Both June and May saw 10 or fewer M&A announcements, it did pick up ever so slightly.
To give you a better idea of the breakdown
If we look at TIE data, which included Digital Asset Treasury company raises, then we can also gauge what stage of raises were the most popular last month.
Source: The TIE Terminal
With the rise of the Digital Asset Treasury companies, there is a decent amount of post-IPO equity being raised. But, excluding DATs, most raise announcements were either seed rounds or Series A rounds.
Let’s break down venture funding further: Coinbase Ventures was one of the most active investors in the last month, participating in 21 rounds.
To put all of this in perspective, June saw a bit of a comeback in funding after a very slow May, and it looks like July is yet again showing another pick up.
Last month also outpaced March, which had been the most successful month since 2021 based on Blockworks Research data, which goes to show how large the appetite is. Currently, DATs clearly reign supreme if we’re looking at total fundraising.
Source: TIE Terminal
Payments, however, also saw a decent amount of activity. As did DeFi (which was the second most popular category in June for fundraising).
Here’s my take: DATs are the hot item of the moment, and it shows in the data. However, I’m curious to see if they can continue this momentum into August (which, like the summer months, tends to be seasonally weak) or if we’ll see a slight decline next month.
But overall, the data looks pretty strong at this point, and we didn’t even really touch on just how successful crypto IPOs have been.
- The Breakdown: Decoding crypto and the markets. Daily.
- 0xResearch: Alpha in your inbox. Think like an analyst.
- Empire: Crypto news and analysis to start your day.
- Forward Guidance: The intersection of crypto, macro and policy.
- The Drop: Apps, games, memes and more.
- Lightspeed: All things Solana.
- Supply Shock: Bitcoin, bitcoin, bitcoin.
