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Study: Crypto venture-deal volume fell 71% in June

Study: Crypto venture-deal volume fell 71% in June

The value of funds raised by crypto firms through investment rounds in June collapsed 71.3% year on year. The data come from the aggregator RootData.

In June, venture investors participated in 83 rounds, totaling $520.1 million (the lowest in the last 12 months). This contrasts with the year-ago period — 149 rounds and $1.81 billion.

The chart below shows the downward trend in both indicators.

Data: RootData.

According to RootData, in June the strongest interest among venture investors was in the infrastructure category (26 startups raised $213.1 million). The CeFi segment ($101.1 million across seven rounds) was second, and gaming ($62.7 million across nine rounds) was third.

Data: RootData.

In June, notable deals included rounds for a blockchain-based AI platform project Gensyn and for the Web3-game developer Web3-gamesMythical Games. The teams raised $43 million and $37 million, respectively.

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