Crypto VC Funding Surges to $5.7B in Q2 as Later-Stage Deals Dominate
Crypto venture capital funding saw a significant rebound in Q2 of this year, with $5.68 billion deployed across 384 deals. This marks a 31% increase from Q1, according to Galaxy Research.
The recovery was driven by larger, later-stage financings, which accounted for about 78% of all capital invested. In contrast, younger startups took the remaining 22%, but still managed to secure meaningful funding through pre-seed rounds.
The median crypto deal size reached a record $4.9 million in Q2, even as reported company valuations fell sharply from their late-2025 highs. Trading, exchange, investing and lending companies dominated the quarter, attracting about $3.52 billion or roughly three-fifths of all venture capital deployed.
The US is pulling further ahead, with American startups capturing 73.5% of represented capital and 39.1% of all deals. This trend suggests that capital is increasingly clustering around markets with deeper financial infrastructure, clearer regulation, and larger pools of institutional investors.