Galaxy Digital’s latest research highlights a persistently challenging crypto venture capital environment, with fundraising still far below 2021–2022 peaks. In Q1 2025, $1.9 billion was raised—matching Q2 2024 but reflecting limited recovery. In 2024, 79 new funds raised just $5.1 billion, the weakest year since 2020, and average fund sizes hit their lowest since 2017. Factors include high interest rates, reduced allocator interest, and competition from AI-focused investments and ETFs. While investor sentiment is slowly improving, capital remains concentrated in fewer, larger deals. Galaxy notes that regulatory uncertainty and macroeconomic headwinds continue to pressure early-stage crypto fundraising across most blockchain sectors.
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Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,960.00
▲ +1.10%
ETH
$1,915.79
▲ +0.80%
USDT
$0.999494
▲ +0.00%
BNB
$594.09
▲ +1.50%
USDC
$0.999722
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.79
▲ +2.50%
TRX
$0.327465
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.66
▼ -1.80%
DOGE
$0.070446
▲ +1.50%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012686
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$506.25
▲ +0.60%
ADA
$0.199838
▼ -0.90%
XMR
$381.27
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.26
▲ +0.90%
XLM
$0.163782
▲ +1.20%
DAI
$0.999728
▲ +0.00%
BCH
$217.03
▲ +0.70%
USD1
$0.999915
▲ +0.00%
USDE
$0.999698
▲ +0.00%
GRAM
$1.36
▲ +1.40%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,960.00
▲ +1.10%
ETH
$1,915.79
▲ +0.80%
USDT
$0.999494
▲ +0.00%
BNB
$594.09
▲ +1.50%
USDC
$0.999722
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.79
▲ +2.50%
TRX
$0.327465
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.66
▼ -1.80%
DOGE
$0.070446
▲ +1.50%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012686
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$506.25
▲ +0.60%
ADA
$0.199838
▼ -0.90%
XMR
$381.27
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.26
▲ +0.90%
XLM
$0.163782
▲ +1.20%
DAI
$0.999728
▲ +0.00%
BCH
$217.03
▲ +0.70%
USD1
$0.999915
▲ +0.00%
USDE
$0.999698
▲ +0.00%
GRAM
$1.36
▲ +1.40%
BTC
$64,960.00
▲ +1.10%
ETH
$1,915.79
▲ +0.80%
USDT
$0.999494
▲ +0.00%
BNB
$594.09
▲ +1.50%
USDC
$0.999722
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.79
▲ +2.50%
TRX
$0.327465
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.66
▼ -1.80%
DOGE
$0.070446
▲ +1.50%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012686
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$506.25
▲ +0.60%
ADA
$0.199838
▼ -0.90%
XMR
$381.27
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.26
▲ +0.90%
XLM
$0.163782
▲ +1.20%
DAI
$0.999728
▲ +0.00%
BCH
$217.03
▲ +0.70%
USD1
$0.999915
▲ +0.00%
USDE
$0.999698
▲ +0.00%
GRAM
$1.36
▲ +1.40%
Mkt Cap $2.30T
BTC Dom 56.76 %
BTC
$64,960.00
▲ +1.10%
ETH
$1,915.79
▲ +0.80%
USDT
$0.999494
▲ +0.00%
BNB
$594.09
▲ +1.50%
USDC
$0.999722
▲ +0.00%
XRP
$1.04
▲ +0.70%
SOL
$74.79
▲ +2.50%
TRX
$0.327465
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.66
▼ -1.80%
DOGE
$0.070446
▲ +1.50%
USDS
$0.999868
▲ +0.00%
RAIN
$0.012686
▼ -1.00%
LEO
$9.71
▼ -0.50%
ZEC
$506.25
▲ +0.60%
ADA
$0.199838
▼ -0.90%
XMR
$381.27
▲ +2.90%
WBT
$56.20
▲ +0.90%
LINK
$8.26
▲ +0.90%
XLM
$0.163782
▲ +1.20%
DAI
$0.999728
▲ +0.00%
BCH
$217.03
▲ +0.70%
USD1
$0.999915
▲ +0.00%
USDE
$0.999698
▲ +0.00%
GRAM
$1.36
▲ +1.40%
