Financing cooling down? In August, cryptocurrency investments dropped by 30%, but Q3 has already refreshed last year's high.

According to DefiLlama data, the financing amount for crypto assets protocols in August fell to $1.9 billion, a decline of 30% from July's $2.67 billion. However, in just two months of the third quarter, a total of $4.57 billion has been accumulated, surpassing the $4.54 billion of the second quarter, indicating that institutional capital's enthusiasm for encryption and the fields of AI and infrastructure remains high.

Funding decreased in August, but quarterly performance is strong

Although the financing amount in August has clearly declined, the fundraising of venture capital funds remained the same as in July, with the PUMP public offering raising 600 million dollars.

DeFi protocol is still the main force of financing, including:

Portal: 50 million USD

M0: 40 million USD Series B

aPriori: $20 million strategic investment

These data show that infrastructure and trading platforms remain the main flow of institutional capital.

AI and Infrastructure Sector Fundraising

Artificial intelligence related protocols continue to gain popularity:

Everlyn: 15 million USD

Multiple AI projects have completed seed round financing.

The fusion of AI and encryption, especially in the fields of decentralized computing and data, continues to attract venture capital.

Cybersecurity is also a hot track, IVIX has completed a $60 million Series B round, becoming the largest traditional venture capital round this month.

In terms of stablecoin infrastructure, Rain has secured $58 million in Series B funding.

Funding in payment and gaming tracks continues

Payment infrastructure attracts diversified funding:

OrangeX: $20 million Series B

Multiple rounds of small-scale financing support cross-border and merchant payment solutions

In terms of gaming protocols, Overtake has secured $7 million in funding, while other blockchain-based gaming projects continue to receive development capital, benefiting from the popularity of token economics and blockchain gaming mechanisms.

Public Token Sale Cool Down

The total amount of public token sales in August was only 30.7 million USD, lacking high-profile projects like Pump.fun.

Main cases include:

Lombard: 6.75 million USD

Almanak: The total dual-wheel financing is nearly 11 million dollars.

Layer-2 projects receive strategic investments:

Bitlayer: Public Token Sale of 5 Million USD

Hemi Labs: $15 million growth round

Conclusion

Although the amount of crypto financing in August decreased by 30% month-on-month, the cumulative amount for the third quarter has already surpassed that of the previous quarter, indicating that institutional capital's long-term confidence in the crypto market remains intact. AI, infrastructure, stablecoins, and payment sectors have become the biggest winners, while the cooling of public token sales highlights the market's cautious attitude towards direct community financing. In the coming months, if the macro environment and regulatory policies stabilize, financing activities are expected to accelerate again.