Crypto Funding Plummets 30%, But Q3 Shows Resilience

August saw a notable decline in crypto funding, reaching $1.9 billion compared to the previous month’s $2.67 billion. This decrease represents a nearly 30% drop, prompting questions about whether this slowdown is a short-term pause or a longer-term shift in investor sentiment. However, Q3 data paints a more encouraging picture, with total funding surpassing the previous quarter. While August was impacted by a single $600 million public offering, contributing to the overall decline, analysts believe DeFi remains a key driver of blockchain investment.