Crypto Funding Plummets 28%, Reaching $4.72 Billion in August

August witnessed a significant slowdown in crypto funding as the total amount raised dropped to $4.72 billion from the previous month’s $6.54 billion, according to RootData. The number of funding rounds also decreased, falling to 91 for the month compared to 95 in July. While average funding per round remained at $86.07 million – a decline of 20.41% compared to August’s $68.5 million average – median funding reached a notable $8.45 million, down by 15.5% from the previous month’s $10 million.