📉 Reduced crypto funding in Q3 to 2020 levels
🔍 According to Messari research, crypto funding in Q3 2023 dropped to its lowest level since Q4 2020. Total investments in Q3 were just under $2.1 billion in 297 deals, a decrease 36% compared to Q2.
- The majority of deals in Q3 focused on early-stage investment rounds: pre-seeding, seeding, and series A investments. Seeding was the largest phase, with approximately $488 million raised over 98 rounds .
- Investors have moved from later stage to early stage projects over the past 3 years, evident in the number of deals allocated to each stage in Q3.
- Chain infrastructure, gaming and decentralized finance (DeFi) were the most funded industries in Q3. Chain infrastructure accounted for the largest proportion of capital at 18%, while DeFi recorded the highest number of deals and the gaming industry received about $250 million in investments.
Investors are strategically positioning themselves for the bull market by focusing on projects that can deliver greater returns.
🔍 According to Messari research, crypto funding in Q3 2023 dropped to its lowest level since Q4 2020. Total investments in Q3 were just under $2.1 billion in 297 deals, a decrease 36% compared to Q2.
- The majority of deals in Q3 focused on early-stage investment rounds: pre-seeding, seeding, and series A investments. Seeding was the largest phase, with approximately $488 million raised over 98 rounds .
- Investors have moved from later stage to early stage projects over the past 3 years, evident in the number of deals allocated to each stage in Q3.
- Chain infrastructure, gaming and decentralized finance (DeFi) were the most funded industries in Q3. Chain infrastructure accounted for the largest proportion of capital at 18%, while DeFi recorded the highest number of deals and the gaming industry received about $250 million in investments.
Investors are strategically positioning themselves for the bull market by focusing on projects that can deliver greater returns.