This report summarizes the Web3 fundraising landscape in June 2025.A total of 119 fundraising deals were completed in June, with an aggregate amount of $5.14 billion, setting a new monthly record for 2025 and signaling a strong rebound in capital inflows. This month’s fundraising activity was characterized by high concentration and institutional dominance. The CeFi sector led with an overwhelming $3.3 billion—almost three times the combined total of all other sectors—mainly driven by active M&A deals and post-IPO financing, highlighting the accelerating integration of Web3 and traditional finance. The report also highlights key projects including Yupp, Momentum, HashPower, Avantis, and OpenTrade.
Key Takeaways:
- Overall fundraising: In June 2025, the Web3 sector saw 119 completed deals totaling $5.14 billion, a new monthly high for the year and a strong rebound in capital inflows. The month’s financing activity showed a highly concentrated and institution-driven structure, with the CeFi sector alone raising $3.3 billion—almost triple the combined total of all other sectors—mainly fueled by large M&A and post-IPO funding rounds.
- Traditional finance merges with Web3 as the main theme: Looking at the top 10 projects, fundraising was marked by large single-ticket deals, high capital concentration, and active post-IPO financing. Funds mainly flowed to regulated financial services, listed company expansion, and deeper integration with traditional finance, reinforcing the dominant narrative of Web3 converging with traditional financial markets.
- Hot sectors and funding distribution: Funding was heavily concentrated in the CeFi sector ($3.3 billion), reflecting a clear “institutionalization” trend. Meanwhile, blockchain services ($887.2 million) and GameFi ($454 million) attracted significant attention due to ecosystem growth and user acquisition potential. DeFi and infrastructure remained steady. In terms of deal size, mid-sized projects ($3–10 million) were the most active, accounting for 37.8% of all deals; at the same time, projects with single rounds over $50 million accounted for 16.7%, significantly boosting the overall fundraising volume.
- Active funding stages and investment institutions: Strategic rounds were the most active, making up 37.8% of deals and reflecting increased collaboration and resource integration inside and outside the industry. Mid-to-late stage rounds (Series A/B/C) combined with strategic rounds attracted over 80% of the total funding, showing that capital favored mature projects with clear business models and growth paths. At the institutional level, Coinbase Ventures led with investments in nine projects in June, mainly focused on the DeFi sector.
- Rapid growth of key projects: Key funded projects like Yupp, Momentum, HashPower, Avantis, and OpenTrade have innovated across diverse areas—including decentralized AI evaluation, decentralized exchanges (DEX), on-chain yield aggregation and staking, synthetic derivatives protocols, and institutional-grade stablecoin lending and yield products—continuing to explore emerging technologies and application scenarios.
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 10, 2025
**Gateway to Crypto**
Trade over 4,500 cryptocurrencies safely, quickly, and easily on Gate
**Take Action Now**
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
**Stay Connected**
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
**Transparency & Security**
Check our 100% Proof of Reserves
