Crypto startups have raised a total of $2.1 billion in funding so far this year, which is an 80% decrease from the amount raised in 2022. This decline is due to a number of factors, including the recent downturn in the cryptocurrency market, increased regulatory scrutiny, and investor concerns about the long-term viability of the cryptocurrency industry. In 2021, crypto startups raised a record $32.5 billion in funding. However, the market began to decline in late 2021 and early 2022, and by the end of 2022, the total funding for crypto startups had fallen to $10.1 billion. The decline in funding has continued in 2023, with crypto startups raising just $2.1 billion so far this year. This is an 80% decrease from the same period in 2022 when crypto startups raised $8.3 billion.