Venture capital investment in cryptocurrency reached $10.03 billion in the second quarter of 2025, the highest since early 2022, with seed-stage deals making up the largest share at nearly 20%, indicating strong early-stage investor interest.

Notable fundraisers included Kalshi, Auradine, ZenMEV, and Digital Asset, each raising over $130 million, highlighting ongoing enthusiasm for innovative crypto companies.

Ethereum continues to demonstrate resilience, trading above $2,500 with a market cap exceeding $300 billion, reinforcing its appeal to institutional investors.

Ethereum attracted $10.3 billion in institutional investments in 2025, driven by its stability, ongoing upgrades, and status as a preferred platform for large-scale DeFi and Layer 2 projects.

Investment activity in the crypto sector was concentrated in blockchain infrastructure and DeFi protocols, with moderate interest in CeFi, NFTs, and GameFi, while memecoin investments remained subdued.

Coinbase Ventures was the most active investor in Q2, participating in 25 deals—including 10 in June—signaling aggressive expansion into emerging crypto projects despite market fluctuations.

Galaxy Digital and Theta Capital Management each raised over $175 million to support high-growth crypto sectors and early-stage blockchain startups, underscoring continued investor confidence in the space.