Crypto Fundraising Hits Weekly All-Time High

Cryptocurrency funding reached an all-time high last week, with $3.5 billion raised across 28 funding rounds, an all-time high.

According to Cryptorank data on Monday, weekly funding reached its highest point from October 6th to Sunday, surpassing all previous peaks, including nearly $3 billion in funding from July 28th to August 3rd. The surge comes after seven consecutive weeks of less than $1 billion in fundraising activity and signals a sharp rebound in investor confidence.

Over the past six months, weekly funding has fluctuated from $150 million to $2.9 billion, highlighting the volatility of venture activity in the crypto space. The October rally represents a major breakout.

This massive fundraising event comes just before Bitcoin hit an all-time high of $126,000 on October 6, and a major liquidation event that sent the crypto market crashing on Friday.

Blockchain services dominate weekly funding rounds

According to Cryptorank data, blockchain services accounted for the majority of fundraising activity last week. Of the 28 rounds recorded from October 6th to Sunday, 12 were for blockchain service providers, making it the most active sector.

The Centralized Finance (CeFi) project continued with six rounds, with the rest going towards blockchain infrastructure, decentralized finance (DeFi), gaming, and social ventures. This reflects a broader, service-driven trend in the crypto investment environment.

Pantera Capital was the most active investor last week, participating in four deals, two in blockchain services and the rest in CeFi and social ventures.

Over the past year, Coinbase Ventures has remained the most active company overall, with 73 investments across multiple sectors. Animoca Brands followed with 63 deals, followed by Binance-owned YZi Labs, which completed 38 deals. Amber Group and Andreessen Horowitz crypto accelerators (a16z CSX) rounded out the top tier with 37 deals each.

Related: Centralized exchanges face massive liquidation undercount allegations

Record funding from BTC peak to market crash

The new weekly crypto fundraising record comes between Bitcoin (BTC) hitting a new all-time high and the market experiencing its biggest crash in history.

According to CoinGecko, on October 6th, BTC reached an all-time high of $126,000.

BTC’s new high was associated with assets moving from centralized exchanges to self-custody, institutional funds, and digital asset treasuries. However, the celebrations did not last long.

On Friday, US President Donald Trump announced 100% tariffs on China, sending the price of BTC below $110,000.

Bitcoin plunged another $16,700, recording a 13.7% correction in less than eight hours. The plunge to $105,000 wiped out 13% of Bitcoin futures open interest.

The crash also resulted in around $20 billion in liquidations led by decentralized perpetual exchange HyperLiquid.