Last week, crypto fundraising hit an unprecedented high with a staggering $3.5 billion raised across 28 funding rounds.
According to Cryptorank data reported on Monday, weekly fundraising reached its zenith from Oct. 6 to Sunday, surpassing all prior records, including the nearly $3 billion amassed from July 28 to Aug. 3. This spike followed seven consecutive weeks of fundraising activity below $1 billion, indicating a robust resurgence in investor confidence.
In the past six months, weekly fundraising has varied from $150 million to $2.9 billion, highlighting the volatility of venture activities in the crypto sector. The sudden uptick in October signifies a notable breakthrough.
This substantial fundraising occurred as Bitcoin achieved a new all-time high of $126,000 on Oct. 6, just ahead of a significant liquidation event that sent crypto markets tumbling on Friday.
Blockchain services lead weekly funding rounds
Data from Cryptorank indicated that blockchain services led the fundraising activity last week. Of the 28 rounds logged from Oct. 6 to Sunday, 12 were allocated to blockchain service providers, making it the most active sector.
Centralized finance (CeFi) projects trailed with six rounds, while the remaining funding was split among blockchain infrastructure, decentralized finance (DeFi), gaming, and social ventures. This reflects a broad yet service-oriented trend in the crypto investment ecosystem.
Pantera Capital emerged as the most active investor last week, participating in four deals: two in blockchain services and the other two in CeFi and social ventures.
Throughout the past year, Coinbase Ventures has been the most active investor overall, completing 73 investments across various sectors. Animoca Brands followed with 63 deals, while Binance-affiliated YZi Labs concluded 38. Amber Group and Andreessen Horowitz’s crypto accelerator (a16z CSX) rounded out the top ranks with 37 each.
Related: Centralized exchanges face claims of massive liquidation undercounts
Record fundraising amid BTC peak and market crash
The new weekly crypto fundraising record was set between Bitcoin (BTC) achieving a new all-time high and the market undergoing one of its most significant crashes in history.
On Oct. 6, BTC reached a new all-time high of $126,000, as reported by CoinGecko.
This new BTC peak was attributed to the asset migrating from centralized exchanges into self-custody, institutional funds, and digital asset treasuries. However, the euphoria was short-lived.
On Friday, US President Donald Trump announced a 100% tariff on China, leading BTC prices to plummet below $110,000.
Bitcoin subsequently dropped by $16,700, marking a 13.7% correction in under eight hours. The rapid decline to $105,000 erased 13% of futures open interest in Bitcoin.
This crash also triggered nearly $20 billion in liquidations, primarily led by the decentralized perpetuals exchange Hyperliquid.
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