Web3 startups raised $9.6 billion in Q2, the second-highest amount raised in a quarter, with infrastructure projects attracting the majority of funding.

According to Coindesk on August 31st, according to the latest report from Outlier Ventures, despite the number of funding rounds falling 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 funding ever.

This indicates that the market is maturing and investors are investing more money in fewer projects. Web3 funding is shifting from hype-driven activity to precise, long-term investments, with investors favoring infrastructure and mature teams over scale.

Series A funding rebounded strongly, with the median funding amount climbing to $17.6 million, the highest level in more than two years, and the median seed round size also rose to $6.6 million. Infrastructure projects such as validator liquidity, rollups, and computing networks attracted the majority of funds, with median funding amounts ranging from $70 million to $112 million.