Crypto Funding Frenzy: $2.6 Billion Flowed into Startups in July

Crypto Startups See Massive Influx of Capital

July proved to be a fruitful month for crypto startups, with a staggering $2.6 billion in funding secured across 65 projects, according to data from DefiLlama. This surge brings the total funding raised in the first half of the year to $13 billion, a substantial increase from the $9.5 billion raised in all of 2024. Projections indicate that this figure could reach $18 billion by 2025.

Here's a rundown of the top three funding rounds in July:

Top Fundraisers of July

1. Pump.fun: $590 Million

   • This memecoin generator platform aims to disrupt traditional social media giants. Their Initial Coin Offering (ICO) was met with great enthusiasm, selling out in a mere 12 minutes.
   • However, they sold 2 billion less tokens than originally planned, raising $590 million instead of the targeted $600 million.
   • The timing of the raise coincided with a downturn in memecoin markets and increased competition.

2. OSL Group: $300 Million

   • The Hong Kong-based digital asset platform secured $300 million in equity financing to expand its regulated payment infrastructure and global presence.

3. Upexi: $200 Million

   • This Solana treasury company finalized a $200 million deal, led by Big Brain Holdings, in the form of a convertible note. The funds will be used to acquire more SOL tokens.
   • Upexi is one of a growing number of treasury companies that seek to invest in cryptocurrency, often following similar strategies to that of Michael Saylor.

Key Takeaways

• Crypto startups continue to attract substantial funding despite market volatility.
• ICOs can still generate significant capital, although execution can vary.
• Infrastructure and treasury-focused projects remain popular among investors.
• Solana ecosystem is showing sustained signs of growth, reflected in Upexi's $200M raise.