Token speculation decreases, institutional capital dominates cryptocurrency financing

Total cryptocurrency financing fell 30% to $1.9 billion in August from $2.67 billion in July, mainly due to the lack of large public token sales like Pump.fun. Despite a decline in monthly financing, venture capital remained stable, with PUMP’s public sales raising $600 million. DeFi led the way, Portal raised $50 million, M0 raised $40 million, and aPriori received $20 million. Institutional investment is mainly concentrated on infrastructure and trading platforms, and artificial intelligence and cybersecurity have also received a lot of capital. The third quarter outperformed the second quarter, raising $4.57 billion in two months, indicating continued interest among institutional investors.