Crypto Records Strong Quarter Despite 30% August Funding Drop
Crypto fundraising in August totaled $1.9 billion, marking a 30% decline from the $2.67 billion raised in July, according to data from DefiLlama. Even with the slowdown, venture capital activity for the month was fairly consistent with July’s levels, largely supported by PUMP’s $600 million public token sale. Decentralized finance (DeFi) protocols took the lead in fundraising during August. Some of the standout rounds included $50 million raised by Portal, $40 million secured by M0 in the Series B round, and a $20 million strategic investment into aPriori. Investor interest stayed steady across trading platforms and infrastructure development, showing that…





