Crypto VC funding drops 22% in Q2 despite strong June finish

Summary of Crypto VC Funding in Q2 2025 Venture capital funding for crypto startups in Q2 2025 totaled $4.5 billion, a 22% decrease from Q1’s nearly $6 billion, despite a strong June with $2.5 billion in investments, the second-highest monthly total in 2025. April and May saw $1.29 billion and $624 million, respectively. Notable deals included Twenty One Capital’s $585 million round and Eigen Labs’ $70 million from Andreessen Horowitz. DeFi infrastructure, restaking, and AI-linked middleware dominated, with North American firms leading in larger, later-stage rounds, while Asia and the Middle East saw increased early-stage token-focused deals. The year-to-date total of $10.3 billion surpasses 2024’s full-year $9.6 billion. Show Less