Q1 Crypto Funding Reaches $7.29 Billion, Surpassing Q4 2024 by $1.01 Billion

In a remarkable first quarter for cryptocurrency funding, Q1 2025 saw total investments soar to $7.29 billion across 429 rounds.

Crypto fundraising in Q1 2025 reached $7.29 billion across 429 rounds, surpassing the previous quarter (Q4 2024) total by $1.01 billion, according to a report by CB Insights.

The first quarter of 2025 saw an uncharacteristically large month of investment activity in March, with $5.07 billion raised across 137 rounds. This helped push the total past the $7 billion mark, marking a substantial month of growth for the industry.

The top funding round in Q1 2025 was Binance, which raised an extraordinary $2.0 billion. This record-breaking round, along with other high-profile investments, played a major role in driving Q1’s total investment to such impressive heights.

After Binance, Phantom secured $150 million, Ethena collected $100 million, and Mesh secured $82 million in funding, among others.

The top 10 funding rounds for the quarter alone accounted for $2.69 billion, or 36.9% of the total investment. In addition to Binance, other projects that made headlines include:

* Phantom – $150M

* Ethena – $100M

* Mesh – $82M

* Komainu – $75M

* Bitwise – $70M

* Raise – $63M

* Flowdesk – $52M

* Blockaid – $50M

* Voxx – $50M

These substantial investments reflect the varied interests within the crypto ecosystem, from blockchain infrastructure projects to decentralized finance (DeFi) platforms and asset management solutions.

"Despite the macroeconomic uncertainty and volatility often associated with cryptocurrencies, the sector continues to attract significant attention from investors," the report noted.

With such strong momentum in Q1, setting the stage for further growth in the coming quarters as the space continues to evolve and mature, investors and industry figures will be keeping a close eye on the key trends and developments.