In February, the total funding for crypto companies reached $883 million, but the number of transactions hit a 5.5-year low.

Mars Finance reports that, according to data from The Block cited by crypto KOL YashasEdu, total funding for crypto startups in February reached $883 million. However, overall, the number of venture capital deals hit a 5.5-year low, with funding down approximately 80% from the 2022 peak. Capital is concentrating in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. Among tokens launched in 2025, 85% are trading below their opening prices. The VC narrative has shifted to “revenue-focused.”