Crypto Fundraising Sets Record $3.5B in a Single Week
Crypto companies raised an unprecedented $3.5 billion last week, setting a new all-time high in fundraising volume across 28 funding rounds, according to Cryptorank data released Monday.
The surge came after seven consecutive weeks of under-$1 billion activity, marking a sharp rebound in investor sentiment. It surpassed the previous record of nearly $3 billion recorded between July 28 and Aug. 3.
Over the past six months, weekly crypto fundraising has fluctuated between $150 million and $2.9 billion, underscoring the sector’s volatility. October’s breakout highlights renewed market confidence before a sudden market downturn.
Blockchain Services Dominate Funding Activity
Blockchain service providers led the week, accounting for 12 of the 28 total funding rounds. This made it the most active category in the market.
Centralized finance (CeFi) projects followed with six rounds, while the remainder went to infrastructure, DeFi, gaming, and social ventures. The trend suggests that investors are focusing more on foundational blockchain applications and service layers.
Pantera Capital emerged as the most active investor of the week, participating in four deals — two in blockchain services, one in CeFi, and one in social ventures.
Across the past year, Coinbase Ventures topped the list with 73 investments, followed by Animoca Brands (63), YZi Labs (38), Amber Group, and a16z CSX (37 each).
Record Set Between Bitcoin’s Peak and Market Crash
The record fundraising week coincided with Bitcoin (BTC) reaching a new all-time high of $126,000 on Oct. 6, according to CoinGecko.
The surge was driven by capital moving from centralized exchanges into self-custody, institutional portfolios, and digital asset treasuries.
However, the rally was short-lived. On Friday, U.S. President Donald Trump announced a 100% tariff on China, sparking a sell-off that pushed Bitcoin below $110,000 within hours.
BTC eventually fell to $105,000, a 13.7% drop in less than eight hours, wiping out 13% of Bitcoin futures open interest and triggering nearly $20 billion in liquidations, led by Hyperliquid, a decentralized perpetuals exchange.
Despite the crash, last week’s fundraising record indicates sustained institutional interest and growing resilience in the crypto venture ecosystem.
