Crypto Funding Takes a Dive

Funding took a dive this week, decreasing from $147M last week to just $75 million, the lowest level in over a month. Each vertical saw a decline in funding, with CeFi and Metaverse & Gaming receiving zero funding. Most of this week's funding was concentrated in the Infrastructure and Web3 & NFT segments, which had $41 million and $20 million in funding, respectively. These verticals in particular have been resilient throughout the bear market and have received consistent funding from VCs. Following the token launch of $SUI this week, the first decentralized exchange (DEX) on the Sui ...