In February, the total financing amount for cryptocurrency companies reached $883 million, but the number of transactions hit a new low in 5.5 years

According to data from The Block cited by crypto KOL YashasEdu, the total financing for crypto startups in February reached $883 million. However, overall, the number of venture capital transactions hit a new low in 5.5 years, with financing down about 80% from the peak in 2022.

Funds are concentrating in a few specific areas, such as stablecoin infrastructure, custody, and compliance tools. Among the tokens launched in 2025, 85% are trading below their opening price, and the VC narrative has shifted to "revenue-centric."