Crypto startups raised $6.5 billion in Q2 2022; down 29% from previous quarter

Venture capital funding to blockchain and cryptocurrency startups and firms dropped by 29 per cent to $6.5 billion in the second quarter of this year from $9 billion in the first quarter, amid wider market volatility that caused prices to crash.

Investors scaled back crypto investments due to macroeconomic pressures and concerns about crypto valuations and stablecoins.

Here are 5 crypto-based firms that were able to pull off sizeable funding rounds amidst investor-funding shifting away from centralized cryptocurrency exchanges.