Crypto Projects won $2.67 billion in investment last month, equivalent to 85% of the funds raised throughout the second quarter.
Defilama data show The 6% greater funding in July than in June means Crypto’s startups surpassed $2.5 billion on a small margin.
Furthermore, July was the second-largest month of fundraising, with only $3.5 billion paid in March. Pump.Fun’s pre-sale was a major contributor to the number in July as it attracted around $1 billion before the Token Generation event.
The Ministry of Finance is shining
Defilama tracked investments in crypto companies under the category “Investments,” which received $512 million in funds.
Bitmine raised $250 million to add Ethereum to its finances, representing the largest amount in the “Investment” category. meanwhile, Upexi’s $200 million funding is the second largest capital gain in this category, and is expected to add Solana to its holdings.
The companies represented 88% of all funds in the “Investment” category in July.
“Stablecoin Infrastructure” has also attracted a lot of attention from investors, with $352.5 million being directed towards segment projects.
The Hong Kong-based OSL Group took control of the funds, raising $300 million to boost global expansion.
RD Technologies is another Hong Kong project that received $40 million to create a regulatory system for Stablecoins, from publication to distribution.
Strong defi without pump.fun
Pump.Fun raised $107 million in a project to develop products for the decentralized finance ecosystem, despite adding a substantial amount to the “Defi” category. That amount is relatively substantial compared to other sectors.
Kuru received $11.6 million to develop a Central Limited Order Book (CLOB) based on Monad infrastructure. At the same time, Gaib won $10 million to create a decentralized economic layer to tokenize GPUs and their revenue streams.
Falcon Finance also received double-digit funds as World Liberty Financial supported the project with $10 million to build an over-certified stubcoin.
The last sector to raise at least $100 million is “infrastructure.” Bitzero raised $25 million in the Series B funding round to support its mining operations.
Additionally, XTAO received $22.8 million to continue working to support and scale both sections’ ecosystems.
Soluna secured double-digit investments and won $20 million to bolster Green Energy’s operations, including Bitcoin mining.
