Web3 startup companies raised $9.6 billion in Q2, marking the second highest quarterly funding, with infrastructure projects attracting the majority of the funds.

PANews reported on August 31 that, according to Outlier Ventures’ latest report, although the number of financing rounds has dropped to a two-year low, Web3 startups raised $9.6 billion in venture capital in the second quarter of 2025, setting a record for the second largest quarterly financing ever. This indicates that the market is maturing, with investors putting more money into fewer projects. Web3 financing is shifting from hype-driven activities to precise, sustainability-focused investments, with investors favoring infrastructure and established teams over scale. Among them, Series A financing saw a strong rebound, with the median financing rising to 17.6 million USD, the highest level in over two years, while the median for seed round financing also increased to 6.6 million USD. Infrastructure projects such as validator liquidity, rollups, and computing networks attracted most of the funds, with median financing sizes ranging from 70 million USD to 112 million USD.