Crypto winter has reduced funding volumes in Q3 to a three-year low, according to research firm Messari.
- In Q3, crypto companies raised about $2.1 billion in 297 transactions, which is the minimum since Q4 2020.
- From a peak of $17.5 billion across 900 transactions in Q1 2022, funding volumes have declined throughout the year due to deteriorating conditions in the crypto industry.
- However, in Q1 and Q2 2023, funding volumes amounted to approximately $7.5 billion across 200 transactions in each quarter, which is consistent with Q4 2022.
- Messari notes that investors are focusing on new investments in early-stage projects and infrastructure investments, rather than on user applications.
- In Q3, crypto companies raised about $2.1 billion in 297 transactions, which is the minimum since Q4 2020.
- From a peak of $17.5 billion across 900 transactions in Q1 2022, funding volumes have declined throughout the year due to deteriorating conditions in the crypto industry.
- However, in Q1 and Q2 2023, funding volumes amounted to approximately $7.5 billion across 200 transactions in each quarter, which is consistent with Q4 2022.
- Messari notes that investors are focusing on new investments in early-stage projects and infrastructure investments, rather than on user applications.