Cryptocurrency investment in Q3 2023 fell to 2020 levels, according to research from Messari. Total funding for the third quarter was less than $2.1 billion across 297 deals, indicating a 36% decline in both categories compared to Q2 2023.
- Most deals in Q3 were focused on early stages: pre-seed funding, seed funding and Series A investments.
- Early deals increased to 48% share of deals in Q3 2023 from 37% share in Q4 2020.
- Investors are strategically positioning themselves in a bull market by funding projects that can generate large profits if the crypto market moves positively.
- Blockchain infrastructure, gaming and decentralized finance (DeFi) sectors were the most funded in Q3.
- Most deals in Q3 were focused on early stages: pre-seed funding, seed funding and Series A investments.
- Early deals increased to 48% share of deals in Q3 2023 from 37% share in Q4 2020.
- Investors are strategically positioning themselves in a bull market by funding projects that can generate large profits if the crypto market moves positively.
- Blockchain infrastructure, gaming and decentralized finance (DeFi) sectors were the most funded in Q3.