According to The Block Research, less than $500 million in venture capital was invested in crypto startups in August, marking the fourth straight month of decline in venture funding in the space and the lowest monthly funding volume recorded since January 2021 .
A recent report by The Block Research expects the level of venture funding in the industry to fall below $2.5 billion in the third quarter of this year, which would be the worst since the fourth quarter of 2020.
Funding for crypto startups is $13.5 billion in Q1 2022.