Crypto Fundraising and Deals Plummet in Q3 as Prices Slump and Regulation Looms

Cryptocurrency fundraising in Q3 fell to a 3-year low of $2.1B across 297 deals, down 36% from Q2 according to Messari.

The crypto market peaked in Q1 2022 at $17.5B raised across 900+ deals, but collapsed after the Terra ecosystem implosion.

Bitcoin and Ethereum prices posted losses in Q3 as investors realized high interest rates will persist with ongoing inflation.

Early stage crypto projects received the bulk of deals and funding, while infrastructure got the largest funding share.

Despite regulatory troubles, Binance Labs was the most active crypto investor with 23 deals focused on DeFi and gaming.