Crypto: investments exploded in the second quarter

Announced moribund, crypto venture capital signs a spectacular return. In the second quarter of this year, more than $ 10 billion flocked to the ecosystem, a new threshold since the early 2022 summit. In three months, investors rekindled a market that was said to be frozen, reaffirming their appetite for innovation blockchain.

Billions of dollars on the crypto ecosystem

Grosse deals have taken place in the crypto ecosystem, despite the cooling of the market. Between April and June 2025, crypto startups raised $ 10.03 billion according to Cryptorank datawhich was their best score since the first quarter of 2022, where the amount amounted to 16.64 billion. This burst comes after an extended period of shortness of breath in venture capital in the sector.

The month of June has proven to be particularly significant, with $ 5.14 billion lifted on its own, an unprecedented monthly level since January 2022. This brutal revival of activity shows a found appetite for institutional investors, especially on segments deemed fundamental.

Among the most spectacular lifes are that of Strive Funds, launched by the American businessman Vivek Ramaswamy, who secured $ 750 million in May to deploy investment strategies related to Bitcoin. In April, TwentyoneCapital attracted $ 585 million, while Securitize closed a 400 million dollars round.

Behind these figures are emerging clear and quantifiable trends on the current market structuring:

• Record monthly lifting in June with $ 5.14 billion invested;
• The three largest rise in the quarter: Strive Funds ($ 750 million), TwentyoneCapital ($ 585 million), Securitize ($ 400 million);
• The other notable liftings: Kalshi ($ 185 million), Auradine ($ 153 million), Zenmev ($ 140 million), Digital Asset ($ 135 million).

This panorama illustrates a targeted reactivation of venture capital, where funds favor projects perceived as fundamentals for the infrastructure of the web3, while operating a more rigorous selection. The figures translate a long -term bet, and not a simple short -term speculation.

Coinbase Ventures and the giants of venture capital trace the way

If the raised amounts attract attention, the typology of the investors involved provides equally revealing lighting on the current dynamics. With 25 investments made during the quarter, Coinbase Ventures has established itself as the most active actor of this period, confirming its central role in the structuring of the crypto landscape.

The month of June saw him dominated once again, with 10 deals concluded, ahead of Pantera Capital (8), Galaxy (5) and Paradigm, which was distinguished by the greatest number of lead investments. Among the other notable actors are Animoca Brands, A16z, Cyber ​​Fund or GSR, all engaged in medium and long -term strategies.

Several major movements also highlight the diversity of approaches adopted by these funds. The successful launch of the first external fund of Galaxy Digital, which raised $ 175 million in June, illustrates this desire to redirect investments towards segments perceived as structuring: stablecoins, tokenization of assets, payments and infrastructure.

For its part, the Dutch company Theta Capital Management has raised more than $ 175 million to support Blockchain Early-Stage Startups, accentuating the importance taken by Europe in new financing strategies.

These operations are part of a desire to pre -empt the future pillars of the web3, through targeted bets on infrastructure and programmable finance solutions.