温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/zh/55879.html
点击访问原文链接

Web3 Financing Trend Report for the Second Quarter of 2025Recommended Articles | Bee Network

进入原网站 导航首页
Web3 Financing Trend Report for the Second Quarter of 2025Recommended Articles | Bee Network Login 熱門新聞 Meme Launchpad AI 代理商 DeSci 熱門鏈瀏覽器 新人必讀 衝百倍幣 蜜蜂遊戲 必備網站 必備APP 必關大神 DePIN 新人必備 教我避坑 基本工具 深度網站 交易所 NFT 工具 你好， 登出 Web3宇宙 遊戲 DApp 蜂巢 增長平台 生態 搜尋 英語 Coins儲值 登入 下載 Web3大學 遊戲 DApp 蜂巢 生態 家•分析•Web3 Financing Trend Report for the Second Quarter of 2025Recommended Articles Web3 Financing Trend Report for the Second Quarter of 2025Recommended Articles分析6 年前更新懷亞特 22,669 19 Original translation: AididiaoJP, Foresight News

概括 Web 3 venture funding surged to $9.6 billion, the second-highest quarter on record, even as the number of disclosed deals fell to just 306 rounds. Capital concentration increased. Fewer companies raised more funding, and median round sizes increased across all stages. Series A funding reached $17.6 million, the highest level in more than two years. Seed round amounts rose. The median seed round size jumped to $6.6 million, reversing a downward trend in the first quarter and indicating growing confidence in early-stage investors. Private token sales remained stable, raising $410 million across just 15 deals, while public token sales declined 83%, raising $134 million across just 35 events. Infrastructure continues to dominate, with 加密貨幣currencies, mining and validation, and computing networks leading the way in terms of capital and investor interest. Consumer categories are showing signs of life, particularly in financial services and 市場s, but funding and deal share remain relatively small. Funding trends this quarter suggest this is no longer a wide-ranging play, but rather a radical investment of conviction.

市場 Overview: Capital Concentration At first glance, the numbers seem contradictory: Web 3 venture funding has surged, while the number of deals has plummeted. But when viewed against the backdrop of the broader correction we’ve tracked since 2024, the logic becomes clear: investors are shifting from broad coverage to deeper, more strategic bets, a shift that was solidified in Q2 2025.

Figure 1: Web 3 deal count and funding by quarter. Source: Outlier Ventures, Messari

Only 306 disclosed deals (transactions with published funding details) were recorded this quarter: the lowest level since mid-2023. However, funding soared to nearly $10 billion, nearly 30% higher than the previous quarter, without any outliers. Rather than seeing a single, outsized deal distorting the data, we saw a dense concentration of funding rounds between $50 million and $250 million, focused on strategic areas like Rollup infrastructure and validator liquidity. Funding this quarter was characterized by fewer bets, larger rounds, and higher barriers to entry.

The result is a market that feels smaller, but also more serious. In the post-megafund environment, investors aren’t chasing every pitch deck; they’re weighing narrative, protocol dependencies, and distribution advantages. You no longer get funded because you’re promising; you get funded because you’re indispensable.

Deal Stages for Web 3 Startup Funding: Series A Returns After a year of neglect, Series A funding is back in the spotlight.

The median Series A round size climbed to $17.6 million, the highest level since early 2022, with 27 deals raising a total of $420 million. These are no longer “pre-Series B” rounds masquerading as Series As; they are precise, prudent allocations of capital to companies with strong product-market fit (PMF), typically with growing revenue and well-established token mechanics.

Figure 2: Quarterly changes in median round size across pre-seed, seed, and Series A rounds. Source: Outlier Ventures, Messari

Seed rounds also rebounded, with the median seed round size rising to $6.6 million, while the total number of deals saw a slight increase. This suggests a return of investor interest in early-stage ventures, at least in hot sectors like AI-native infrastructure or validator tools. Meanwhile, pre-seed rounds remained stable, with a median size of $2.35 million, confirming what we’ve seen over the past year: early-stage projects are still here.

In 2024, capital is concentrated between the optimism of the pre-seed stage and the maturity of Series B and beyond. Series A was once the place where faith died, but the venture market won’t remain stagnant forever. Infrastructure takes time to build, and scaling takes time, too. That moment has arrived now.

Infrastructure investment dominates Web 3 capital flows This quarter’s map of Web 3 categories weighted by capitalization looks like a blueprint for the post-consumer transition.

Figure 3: Average funding stage and round size by category, Q1 2025. Source: Outlier Ventures, Messari

Note: “Investor Deals” refers to the total number of investor engagements within a given category, not the number of unique investors. If a single investor participated in three financings, that would be counted as three investor deals.

The largest funding rounds occurred in the infrastructure (median $112 million), mining and validation (median $83 million), and computational networks (median $70 million) sectors. These aren’t speculative tokens; rather, they’re the infrastructure supporting validator networks, modular blockspaces, and AI-aligned consensus systems. This foundational layer 德菲nes the long-term blockchain investment strategy. The investor logic is clear: support the underlying infrastructure and then rapidly develop the application layer.

Other prominent infrastructure sectors include consumer infrastructure (median $11.7 million) and asset management (median $83 million). These categories sit at the intersection of infrastructure and user experience (UX), representing high-functioning products with technical depth and long-term composability.

On the other hand, developer tools again attracted strong interest (91 investor deals), but with smaller funding rounds. This is a familiar narrative for this long-tail, low-capex sector. But it remains a playground for early-stage teams and those willing to participate in grants and token options.

Financial Services, Entertainment, and Marketplaces all saw healthy deal counts and moderate median round sizes ($6 million to $18 million), indicating steady yet cautious investor interest. However, deal volume is far from the levels seen in 2021-2022. Investors haven’t lost interest in consumer applications; they’re simply waiting for new products to emerge.

代幣 Fundraising in Q2 2025: Private and Public Offerings After a booming first quarter, token financing entered a quieter phase in the second quarter, but this shift felt more like a reallocation than a retreat.

Figure 4: Comparison of private and public token sales in terms of funding and number of deals from 2022 to 2024. Source: Outlier Ventures, Messari

Private token sales raised $410 million across just 15 deals, with a median round size of $29.3 million, the highest level so far in 2021. This growth in high-value private allocations highlights the current funding environment for Web 3: consistency and strategic partnerships are more important than hype. These aren’t hype-driven memecoins or utility tokens disguised as protocols, but rather validator consortiums, L2 treasuries, and modular Rollup ecosystems quietly consolidating liquidity.

In contrast, public token sales collapsed. Only 35 funding rounds were completed, compared to 112 in the first quarter, totaling just $134 million. The median funding round size halved. Even offerings popular with retail investors struggled to attract attention, with the majority of trading volume concentrated in a handful of high-profile projects. Furthermore, market sentiment felt more like wait-and-see than bearish, a wait-and-see stance rather than a full-scale retreat.

The divergence between private and public sales continues a trend tracked since late 2023. Public token issuance surged when the market was hot, but private rounds reflect consistency, not hype.

總結 Investors are looking for clearer narratives, more solid infrastructure, and builders who understand how to navigate this new financing environment.

If 2024 is the year of recovery and restructuring, the second quarter of 2025 feels like the year of quiet execution.

Capital is flowing, but only to a few. Deal flow is declining, but funding rounds are rising. Infrastructure continues to win, but not out of bias, and without a major ideological shift.

The path is narrower for founders, but not unviable, early-stage deals are still happening, and Series A rounds are back. Private token sales once again have a real seat at the table, as long as they align with strategic, scalable, and protocol-dependent goals.

In short: We’ve left the hype cycle behind. It’s a slow, accelerated climb toward critical infrastructure and enduring applications.

The conclusion is simple: this market doesn’t need more hype cycles, it needs inevitability.

原文連結

本文源自網路： Web3 Financing Trend Report for the Second Quarter of 2025Recommended Articles

Related: Odaily interviews PlayEstates: Let young people become global landlords with just $10 Original | Odaily Planet Daily ( @OdailyChina ) Author | Ethan ( @ethanzhang_web3 ) The 2020 epidemic disrupted many established plans, and also made William Guo see the limitations of the traditional financial system during the promotion of a real estate project. The exploration of combining Web3 with real assets began. The same disruptive gene has now been integrated into the underlying architecture of PlayEstates . When users receive daily USDC revenue sharing of on-chain properties through PNFT, and when Southeast Asian students subscribe to high-quality American assets with $10, Williams team always smiles at each other in front of the electronic screen in the San Francisco office. These moments make the late-night decision on the verge of bankruptcy four years ago even more precious. It is this gene of…

#分析# 加密# 脫機#市場#市場#代幣#工具# 網路3© 版權聲明文章版权归作者所有，未经允许请勿转载。 上一篇 Is the crazy copycat season really coming?Recommended Articles 下一篇 This week's featured interactive projects: Mavryk Network launches Kaito; Sentient's new Galxe quest; Zama guild questRe 相關文章 Wintermute has launched another 4 tokens. Will AI agency become the biggest trend? 6086cf14eb90bc67ca4fc62b 38,788 新的Pipe Network Launches SolanaCDN: A Free, Open-Source Solana Validator Client with Built-in Acceleration 6086cf14eb90bc67ca4fc62b 1,721 1 What if this is the bottom? 6086cf14eb90bc67ca4fc62b 8,911 24H Hot Currencies and News | Plasma will once again open a $500 million deposit limit; the GENIUS Stablecoin Act has be 6086cf14eb90bc67ca4fc62b 29,741 4 Alt5 Sigma faces delisting crisis after changing auditors three times in six weeks and struggling to produce its financi 6086cf14eb90bc67ca4fc62b 17,359 3 The crossroads of the crypto market: political compliance or free and open source? 6086cf14eb90bc67ca4fc62b 36,746 暫無評論 您必須先登入才能發表評論！ 立即登入 暫無評論... 最新的文章 Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15 小時前 539 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15 小時前 644 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15 小時前 593 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15 小時前 513 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15 小時前 562 熱門網站TempoLighterGAIB滑翔機普朗克雷爾斯BCPokerVooi Bee.com 全球最大的 Web3 入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko 幣活 盔甲 下載Bee Network APP開啟您的Web3之旅 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 下載蜜蜂網路APP 並開始 web3 之旅 全球最大的Web3入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 搜尋 搜尋站內鏈上社群媒體新聞 熱門推薦： 擼毛打金 數據分析 必關大神 教我避坑 繁體中文 English 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 繁體中文

智能索引记录