Crypto Funding Plummets 30% in August, Driven by Focus on Established Projects

Crypto funding saw a significant dip in August, falling to $1.9 billion compared to the previous month’s $2.67 billion. This decline, according to DeFiLlama data, was primarily driven by a shift away from new chain launches and towards established projects. DeFi infrastructure investments dominated the third quarter, totaling $4.57 billion already surpassing Q2’s $4.54 billion in just two months. Analyst Daan Crypto Trades highlights this trend as a positive development, stating that it allows capital to concentrate in liquid markets and leads to more stable price performance for existing projects.