Core

Defi

Million

Base

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Crypto funding in September 2023 crossed $650 Million and is expected to cross $700 Million by the end of the month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Crypto funding for the DeFi industry and infrastructure category has surged over 12%.</a> </li> 
 <li> <span>3</span> <a>A globally popular crypto-miner recently raised $53.9 Million to refuel its sinking project.</a> </li> 
</ul> 
<p>According to online crypto projects database Rootdata, crypto funding in September 2023 has seen a significant surge compared to that in August 2023. In August 2023, there were 78 funding rounds, which is comparatively few percent greater than September 2023 (so far). $549.86 Million was generated in August.</p> 
<p>In September 2023, the crypto infrastructure category attracted the largest share of the funds, followed by decentralized finance (DeFi), non-fungible tokens, games and centralized finance.&nbsp;</p> 
<p>Over the past few months, funding for centralized finance fell sharply. In the ongoing month, approximately 15 infrastructure projects raised funds and around 19 decentralized finance projects gathered funding.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8-1024x457.jpeg" alt="" class="wp-image-170523" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8-1024x457.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8-300x134.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8-768x343.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8-750x335.jpeg 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-8.jpeg 1062w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Rootdata(dot)com (Crypto funding trend)&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>Infrastructure and DeFi categories are evolving fast. Various data sources and on-chain analysts claim that the Defi market is projected to reach $16,960.00 Million by the end of 2023.&nbsp;</p> 
<p>Thousands of crypto projects register their presence in the market every month, but ultimately by the end of every year majority of them shuts their operations by the end of the financial year.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-top-10-funding-rounds-in-september-2023-strong"><strong>Top 10 Funding Rounds in September 2023&nbsp;&nbsp;</strong></h2> 
<p>Recently a crypto miner which filed bankruptcy on December 21, 2023, has raised $53.9 Million to refuel its sinking business.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7-1024x474.jpeg" alt="" class="wp-image-170522" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7-1024x474.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7-300x139.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7-768x356.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7-750x347.jpeg 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-7.jpeg 1062w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Rootdata(dot)com (Top 10 crypto that gathered funds in September 2023)&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>Rootdata(dot)com highlights that Bitmain, Blackrock and B Riley are Core Scientific’s major backers. Core Scientific is one of North America’s largest miners also provides blockchain data centres and digital assets.</p> 
<p>Some other projects that raised <a href="https://www.thecoinrepublic.com/2023/09/09/surge-in-crypto-funding-could-mean-crypto-adoption-is-on-the-rise/" target="_blank" rel="noopener noreferrer nofollow">funding </a>in September 2023 include Proof of Play, Zeebu, Mesh, Mocaverse, Brine Finance, Flipto, Pahdo Labs and Bastion, among others.&nbsp;</p> 
<p>Andreessen Horowitz cracked most of the deals in September 2023 by investing in more than 4 projects. Base Ecosystem has invested in approximately five projects in different categories.</p> 
<p>Shima Capital is a major investor in the rapidly growing crypto gaming industry; the venture capitalist firm has invested in 62 budding gaming companies.&nbsp;</p> 
<p>Shima Capital has funded more than 40 decentralized finance projects.&nbsp;</p> 
<p>As per the funding portfolio of Coinbase Ventures, it has invested in104 infrastructure category projects, followed by 87 DeFi, 41 centralized finance, 27 NFT projects and 12 gaming projects.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><strong> </strong>Data on online cryptocurrency projects database Rootdata shows that <a href="https://www.thecoinrepublic.com/2023/09/09/surge-in-crypto-funding-could-mean-crypto-adoption-is-on-the-rise/" target="_blank" rel="noopener noreferrer nofollow">crypto funding</a> will cross the $700 Million mark by the end of September, which is higher than funding generated in August. The likely reason behind the surge is the rise in crypto adoption. Crypto infrastructure has the lion’s share of investments, followed by the crypto gaming sector (so far into September).</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author or anyone named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

September Crypto Funding Set to Cross August Figure: Rootdata

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 22, 2023

Binance v. SEC: Multiple Bitcoin Pairs Face Service Cuts Amid Court Clash

Ethereum’s ‘Dencun’ upgrade likely delayed into 2024

Nansen discloses security breach, points finger at unnamed third-party

Bybit to Pause Services in the UK Market Due to Regulatory Compliance!

Upland takes philanthropy to the metaverse: NFTs to support equitable playground access

ETH Price Analysis: Analyst Predicts a Bullish October for Ethereum

Join our free newsletter for daily crypto updates!