Investor Confidence Surges In The Crypto Market

Once considered moribund, crypto venture capital is making a spectacular comeback. In the second quarter of this year, more than 10 billion dollars flowed into the ecosystem, an unprecedented level since the peak of early 2022. In three months, investors revived a market that was said to be frozen, reaffirming their appetite for blockchain innovation.

Billions of Dollars in the Crypto Ecosystem

Big deals have been made in the crypto ecosystem, despite the market cooling. Between April and June 2025, crypto startups raised $10.03 billion according to CryptoRank data, marking their best performance since the first quarter of 2022, when the amount reached $16.64 billion. This surge came after a prolonged period of venture capital fatigue in the sector.

June proved particularly significant, with $5.14 billion raised alone, an unprecedented monthly level since January 2022. This sudden rebound demonstrates a renewed appetite among institutional investors, especially in segments considered fundamental.

Among the most spectacular fundraisings is that of Strive Funds, launched by American businessman Vivek Ramaswamy, which secured $750 million in May to deploy investment strategies related to bitcoin. In April, TwentyOneCapital attracted $585 million, while Securitize closed a $400 million round.

Behind these numbers, clear and quantifiable trends emerge about the current market structure :

• Monthly record fundraising in June with $5.14 billion invested ;
• The three largest fundraisings of the quarter : Strive Funds ($750M), TwentyOneCapital ($585M), Securitize ($400M) ;
• Other notable fundraises : Kalshi ($185M), Auradine ($153M), ZenMEV ($140M), Digital Asset ($135M).

This overview illustrates a targeted reactivation of venture capital, where funds prioritize projects seen as fundamental for Web3 infrastructure, while applying more rigorous selection. The figures reflect a long-term bet, not mere short-term speculation.

Coinbase Ventures and Venture Capital Giants Pave the Way

While the amounts raised attract attention, the profile of investors involved provides equally revealing insights into ongoing dynamics. With 25 investments made during the quarter, Coinbase Ventures established itself as the most active player during this period, confirming its central role in shaping the crypto landscape.

June saw it dominate once again, with 10 deals closed, ahead of Pantera Capital (8), Galaxy (5), and Paradigm, which stood out for the highest number of lead investments. Other notable players include Animoca Brands, a16z, Cyber Fund, and GSR, all engaged in medium- and long-term strategies.

Several major moves also highlight the diversity of approaches adopted by these funds. The successful launch of Galaxy Digital’s first external fund, which raised $175 million in June, illustrates this desire to redirect investments toward segments seen as structural: stablecoins, asset tokenization, payments, and infrastructure.

Meanwhile, Dutch firm Theta Capital Management raised over $175 million to support early-stage blockchain startups, emphasizing Europe’s growing importance in new financing strategies.

These operations fit into a strategy to pre-empt the future pillars of Web3, through targeted bets on infrastructure and programmable finance solutions.