Venture capital financing in the blockchain and digital asset industry increased 90% to a record $6.2 billion in the second quarter, according to researchers at The Block.
The specialists counted 497 deals concluded. Of those, 171 and 202 were at the early and seed stages, respectively.
Firms offering infrastructure solutions and crypto-financial services attracted the most interest in monetary terms.
Analysts excluded cryptocurrency exchange operator Bullish's merger with SPAC Far Peak Acquisition from the sample with a valuation of $9.7bn.
The figure stood at $3.27bn in the first quarter. A year ago, the financing was $436m.
Recall that fintech start-up Figure Technologies raised $200m in June. In the same month, one of the USDC issuers, Circle, closed a $440m funding round.
Also in June, US mining company Stronghold Digital Mining raised $105m in two private placements.