After a summer marked by cautious investor sentiment and shifting priorities across the sector, new figures show that capital flows into crypto are starting to cool.
Based on reports, third-quarter totals reached $4.57 billion in just two months, pushing past Q2’s $4.54 billion. That shows money is still moving, even if monthly flows look cooler compared with past peaks.
At the start of 2022, monthly raises hit about $7 billion. Numbers have come down since then, but 2025 has shown several big spikes that kept investors alert.
He points out that new launches are hitting lower valuations, which has helped keep price moves quieter after listings.
The Total Funding Raised for new Crypto projects has seen an increase the past few months but is nowhere close to what it was back in 2021 & 2022.
This cycle has been all about treasury companies which are building on top of projects that are already out there.
DeFi still drew attention in August, with money flowing into infrastructure and trading platforms. But other sectors also saw notable rounds.
Stablecoin infrastructure was busy too, with Rain’s raise at $58 million. Payment solutions also attracted funding; OrangeX took $20 million in a Series B.
The amendment to the Enforcement Decree removes the label that had kept exchanges and brokerages classified as “restricted venture businesses” since October 2018.
The decision to lift South Korea’s long-standing restrictions on crypto funding came with a clear message from policymakers.
Officials said the move aims to create a more transparent and responsible ecosystem, and to help venture capital flow to companies focused on blockchain and cryptography.
If VCs return, local crypto firms may find new sources of growth capital, while investors look for projects that can deliver longer-term value.
Featured image from Unsplash, chart from TradingView
