Crypto projects captured $2.67 billion in investments last month and is equivalent to 85% of money raised during the entire second quarter.
Additionally, July was the second-largest month in funding, bested only by March’s $3.5 billion. Pump.fun’s pre-sales contributed heavily to July’s numbers, as it attracted nearly $1 billion before its token generation event.
Together, both companies represented 88% of all funding in the “investments” category in July.
“Stablecoin infrastructure” also received significant attention from investors, with $352.5 million directed to projects in the segement.
Hong Kong-based OSL Group dominated the funding, gathering $300 million to boost its global expansion.
RD Technologies is another project from Hong Kong, which received $40 million to create regulated systems for stablecoins ranging from issuance to distribution.
Despite Pump.fun adding a considerable amount to the “DeFi” category, projects developing products for the decentralized finance ecosystem raised $107 million. The amount is relatively substantial compared to other sectors.
Kuru received $11.6 million to develop a central limit order book (CLOB) based on the Monad infrastructure. At the same time, GAIB captured $10 million to create a decentralized economic layer to tokenize GPUs and their revenue stream.
The last of the sectors that got at least $100 million in funding is “infrastructure.” Bitzero raised $25 million in a Series B funding round to support its mining operations.
