Crypto VC Funding Plummets as Focus Shifts from Hype to Revenue

Venture capital funding for cryptocurrency projects experienced a significant downturn in the second quarter of 2025, reflecting a shift in investment criteria away from speculative narratives towards revenue-generating opportunities. Q2 funding plummeted by 59% to $1.97 billion across 378 deals, signaling a move towards more practical and realistic evaluation criteria. This marks a significant paradigm shift as venture capitalists are no longer prioritizing disruptive yet unproven concepts in favor of projects with demonstrable user base growth and revenue streams.