Crypto Funding Up 50% in 12 Months Despite Fewer Deals

Crypto fundraising increased by nearly 50% between March 2025 and March 2026, even as the volume of deals fell by 46%. This trend indicates that venture capitalists are concentrating their investments into fewer, larger, late-stage, and strategic mega-rounds. According to Messari's data, the average deal size surged by 272% to $34 million over the last year, while the number of active investors declined by 34.5% to 3,225. Recent large funding events, such as Tether's $200 million investment in Whop, illustrate this concentration. Although monthly fundraising has cooled significantly from the $4 billion peaks seen in 2021-2022, early-stage fundraising remains high in volume but highly fragmented, involving numerous smaller participants.

(Source：Cointelegraph)