Crypto attracts $2.67B in funding during July, bolstered by Pumpfun and stablecoin interest

Crypto projects captured $2.67 cardinal successful investments past period and is equivalent to 85% of wealth raised during the full 2nd quarter.

DefiLlama data shows that the backing magnitude successful July is 6% larger than June, erstwhile crypto startups surpassed $2.5 cardinal by a tiny margin.

Additionally, July was the second-largest period successful funding, bested lone by March’s $3.5 billion. Pump.fun’s pre-sales contributed heavy to July’s numbers, arsenic it attracted astir $1 cardinal earlier its token procreation event.

Treasuries shine

DefiLlama tracked investments into crypto-related companies nether the class “Investments,” which received $512 cardinal successful funding. 

BitMine raised $250 cardinal to adhd Ethereum to its treasury, representing the largest magnitude successful the “investments” category. Meanwhile, Upexi’s $200 cardinal backing was the second-largest superior rise successful the category, which was destined to adhd Solana to its holdings.

Together, some companies represented 88% of each backing successful the “investments” class successful July.

“Stablecoin infrastructure” besides received important attraction from investors, with $352.5 cardinal directed to projects successful the segement.

Hong Kong-based OSL Group dominated the funding, gathering $300 cardinal to boost its planetary expansion.

RD Technologies is different task from Hong Kong, which received $40 cardinal to make regulated systems for stablecoins ranging from issuance to distribution. 

DeFi beardown adjacent without Pump.fun

Despite Pump.fun adding a sizeable magnitude to the “DeFi” category, projects processing products for the decentralized concern ecosystem raised $107 million. The magnitude is comparatively important compared to different sectors.

Kuru received $11.6 cardinal to make a cardinal bounds bid publication (CLOB) based connected the Monad infrastructure. At the aforesaid time, GAIB captured $10 cardinal to make a decentralized economical furniture to tokenize GPUs and their gross stream.

Falcon Finance besides received a two-digit funding, arsenic World Liberty Financial backed the task with $10 cardinal to physique an overcolateralized stablecoin.

The past of the sectors that got astatine slightest $100 cardinal successful backing is “infrastructure.” Bitzero raised $25 cardinal successful a Series B backing circular to enactment its mining operations.

Furthermore, xTAO received $22.8 cardinal to proceed its enactment of supporting and scaling the Bittensor ecosystem.

Soluna secured a two-digit investment, capturing $20 cardinal to heighten operations, including Bitcoin mining with greenish energy.

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