Crypto early-stage funding down 50% since Q2 2024 as capital shifts to mature projects

Early-stage crypto fundraising is still losing momentum, Huoxing Finance reported, citing CryptoRank data. Deals at the angel, Pre-Seed and Seed stages have thinned sharply since Q2 2024: the number of rounds is down 63%, while total dollars raised have fallen 50%. By Q2 2026, early-stage funding had slipped to just $290 million across 63 rounds, the weakest level over the period tracked. The only notable interruption came in Q3 2025, when funding briefly bounced to $645 million across 103 rounds, but the broader decline persisted. CryptoRank said the divide between early- and later-stage funding is continuing to widen as investors increasingly back larger, more established projects.