Messari Q3 report: Total funding for crypto companies dropped to about $2.1 billion, the lowest since the fourth quarter of 2020

Messari released a third-quarter industry financing report showing that cryptocurrency companies completed a total of 297 financing transactions in the third quarter of 2023, and the funds raised fell to approximately US$2.1 billion, the lowest level since the fourth quarter of 2020, and investors are focusing on early-stage projects and infrastructure investments rather than user-facing applications.