In February, total crypto company financing reached $883 million, but the number of deals hit a 5.5-year low.

According to ChainCatcher, citing data from The Block as shared by crypto KOL YashasEdu, the total amount of funding for crypto startups in February reached $883 million. However, overall, the number of venture capital deals hit a 5.5-year low, and the funding amount has dropped by about 80% compared to the 2022 peak. Capital is now concentrating in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. Of the tokens to be launched in 2025, 85% are trading below their opening price, and the VC narrative has shifted to a “revenue-centric” focus.