Crypto Fundraising Roars Back: June Surge Smashes Through $4B Barrier

Crypto's comeback kid just flexed its muscles—hard. After months of sideways action, venture capital is flooding back into digital assets like it's 2021 all over again.

The $4B question: Is this sustainable or another VC sugar rush?

June's numbers don't lie: The smart money's betting big on blockchain again. Whether that means they've spotted real innovation or just ran out of AI startups to overfund remains to be seen.

Warning: Past performance may not indicate future results

Traditional finance guys are already sharpening their 'told you so' knives—but for now, the crypto builders are too busy counting their stacks to care.

June fundraising breaks above $4B

Crypto fundraising tracks the general mood on the crypto market. After a relatively slow start to 2025, some months posted peak results. In March, total VC deals expanded to $5B. Even in slower months, VC fundraising was consistently above $1B, though some months included a concentration of large deals. 

Coinbase Ventures was the leader with nine deals, followed by Pantera Capital leading six funding rounds. Most of the deals were also made in undisclosed international locations, for a total of 70 rounds. The USA only saw 15 deals for the past month. However, those deals were the biggest, raising over $1.79B. Singapore-based projects raised a further $1.09B. 

A total of 103 rounds in June raised over $4.49B, with the potential for more deals to be added to the bottom line. The absolute record for VC deals is over $6.88B in November 2021, during the first Web3 boom. 

This time around, VC deals are not led by narrative, but by established use cases and signs of growth from transactions, fees, and liquidity. Projects like EigenCloud were among the significant deals for the past month, raising $70M in a late-stage round. 

For smaller projects, token sales, airdrops and special events have returned as a viable source of funding. In the past four months, token sales raised consistently over $4B on a monthly basis, tapping crypto natives and whales. 

In June, a total of 174 sales raised $4.79B, surpassing even the level of large VC rounds. The main source of interest in token sales were again the special campaigns of Binance Wallet and PancakeSwap. For the month of June, most TGE and token sales used those two platforms, achieving the highest returns. 

Binance Wallet projects posted gains of 483% on average, while PancakeSwap achieved 228.5%. The success of token sales relied on concentrating most of the opportunities on a single platform, having a guaranteed pool of buyers. Most projects have abandoned ICO attempts outside the top platforms, which give them the biggest exposure to liquidity.

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