DeFi Shines to Start August

Aug 2, 2024 • 3 Min Read

Weekly Recap

Total funding dropped 17% from $122 million to $101 million, while the deal count fell 36% from 28 to 18. Although totals were muted compared to the prior two weeks, this week had the highest average deal size, at $5.6 million. DeFi was the leading category from both a fundraising and deal flow perspective, raising $57 million across eight deals, including our Deal of the Week, Morpho Labs. Uncharacteristically, Infrastructure projects only garnered $18 million in investment across five deals, one of the lower totals seen in recent months. Deal count was relatively evenly distribut...

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