RootData said primary market funding, excluding IPO, post-IPO and M&A rounds, reached $8.658 billion in the first half, down 26.1% year over year as deal count fell 28.5%.
The crypto industry recorded $9.081 billion in total financing across 259 deals in the first half, based on RootData data. Within that, primary market funding excluding IPO, post-IPO and M&A rounds totaled $8.658 billion. The figures point to a slower private fundraising environment, with primary market funding down 26.1% year over year and the number of deals falling 28.5% from a year earlier.