According to BlockBeats, data from PitchBook reported by DL News reveals that crypto startups secured a total of $2.7 billion in funding during the second quarter of the year. This amount was raised across 503 transactions. Compared to the previous quarter, the total funding increased by 2.5%, although the number of transactions saw a decline of 12.5%.

PitchBook noted that with the resurgence of investor sentiment, the overall number and pace of investments are expected to continue growing throughout the year.