Volume of Venture Deals in Crypto Industry Jumps by 40% in a Month

According to data provided by RootData, the volume of funding attracted by crypto firms in August from investment rounds increased by 39.8% from July.

A total of $769.2 million was distributed among 75 rounds, as opposed to 132 rounds with investments worth $1.54 billion, compared to the same month a year ago.

The chart presents a decrease of mentioned decentralized indicators over the past twelve months and a rise in terms of value for the past two months.

It is clear that the jump in fundraising in August can be attributed to the 3 major rounds of centralized platforms, that raised $400 million (the highest figure in a year).

The second place went to infrastructure projects (14 rounds with $79 million) and the third place to DeFi (19 rounds with $47 million).

Among the important investments besides the Ramp round ($300 million), was the $100 million raised towards BitGo, valuating the firm at $1.75 billion, followed by ZetaChain blockchain platform ($27 million).

Binance Labs allocated $10 million for the Helio Protocol’s liquid staking platform, and the seed round of ZTX Metaverse project ended with $13 million.