Crypto fundraising reached an all-time high last week, with a record $3.5 billion raised across 28 funding rounds.
Cryptorank data showed on Monday that weekly fundraising reached its highest point from Oct. 6 to Sunday, surpassing all previous peaks, including the nearly $3 billion raised July 28 to Aug. 3. The surge came after seven consecutive weeks of sub-$1 billion fundraising activity, marking a sharp resurgence in investor confidence.
Over the last six months, weekly fundraising fluctuated from $150 million to $2.9 billion, underscoring the volatility of venture activity in the crypto space. October’s sudden surge represents a significant breakout.
The bumper fundraising came as Bitcoin reached a new all-time high of $126,000 on Oct. 6, and just before a massive liquidation event that crashed the crypto markets on Friday.
Blockchain services dominate weekly funding rounds
Cryptorank data showed that blockchain services dominated last week’s fundraising activity. Out of the 28 rounds recorded from Oct. 6 to Sunday, 12 were for blockchain service providers, making it the most active sector.
Centralized finance (CeFi) projects followed with six rounds, while the remainder went to blockchain infrastructure, decentralized finance (DeFi), gaming and social ventures. This reflects a broad but service-driven trend in the crypto investment landscape.
Pantera Capital was the most active investor last week, participating in four deals: two in blockchain services, and the others in CeFi and social ventures.
Over the past year, Coinbase Ventures has remained the most active player overall, with 73 investments across multiple sectors. Animoca Brands followed with 63 deals, while Binance-affiliated YZi Labs completed 38. Amber Group and Andreessen Horowitz’s crypto accelerator (a16z CSX) rounded out the top tier with 37 each.
Related: Centralized exchanges face claims of massive liquidation undercounts
Record fundraising between BTC peak and market crash
The new weekly crypto fundraising record occurred between Bitcoin (BTC) reaching a new all-time high and the market experiencing one of the biggest crashes in history.
On Oct. 6, BTC reached a new all-time high of $126,000, according to CoinGecko.
The new BTC high was linked to the asset moving from centralized exchanges and into self-custody, institutional funds and digital asset treasuries. However, the celebrations didn’t last long.
On Friday, US President Donald Trump announced a 100% tariff on China, causing BTC prices to drop below $110,000.
Bitcoin proceeded to plunge by $16,700, marking a 13.7% correction in less than eight hours. The sharp drop to $105,000 wiped out 13% of futures open interest in Bitcoin.
The crash also resulted in almost $20 billion in liquidations, led by the decentralized perpetuals exchange Hyperliquid.
Magazine: EU’s privacy-killing Chat Control bill delayed — but fight isn’t over
