June Crypto Funding Falls to One-Year Low, DeFi Share Bucks the Trend
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June Crypto Funding Falls to One-Year Low, DeFi Share Bucks the Trend
Total funding halved month-over-month, Canton Network leads.
Navigating Web3 tides with focused insightsAuthor: WuBlockchain
Compiled by: TechFlow
TechFlow Editor's Note: In June, the number and amount of crypto financing projects both hit a one-year low, decreasing by 31% and 58.3% month-over-month respectively. However, the market structure is changing: DeFi's share rose from about 20% in May to 26%, top projects such as Canton Network and Morpho received support from top-tier institutions, and the RWA narrative has become the main theme.
Number of Financing Projects Hits One-Year Low, DeFi Share Increases
According to RootData, 58 crypto VC financing deals were disclosed in June 2026, a 31.0% decrease month-over-month (84 in May) and a 33.3% decrease year-over-year (87 in June 2025).
By sector, the financing structure in June was as follows: CeFi accounted for about 15.5%, DeFi 25.9%, NFT/Gaming 1.7%, L1/L2 5.2%, RWA/DePIN 8.6%, Tools/Wallets 19.0%, and AI 13.8%.
Total Financing Amount Halved Month-Over-Month, Canton Network Leads
Total crypto VC financing amount in June was approximately $1.237 billion, a 58.3% decrease month-over-month ($2.966 billion in May) and a 56.9% decrease year-over-year ($2.868 billion in June 2025).
Note: Projects with undisclosed amounts are counted in the number of projects but not in the total financing amount. As not all financings are disclosed in the month of completion, data may be adjusted over time. The top ten financings ranked by disclosed amount are as follows:
Digital Asset, developer of privacy blockchain Canton Network, secured $355 million in financing led by a16z crypto, with participation from major institutions such as Abu Dhabi Investment Authority (ADIA), Apollo Funds, BNP Paribas, Citadel Securities, CME Ventures, Coinbase Ventures, HSBC, S&P Global, SBI Group, and SoFi.
Canton Network aims to provide shared ledgers for large financial institutions for issuing and trading RWA such as bonds, loans, and funds, while protecting privacy and maintaining compliance.
Japanese financial group SBI Holdings acquired domestic crypto exchange Bitbank for $289 million, becoming one of the largest M&A transactions in Japan's crypto industry.
The acquisition is expected to consolidate trading liquidity, expand the user base, and enhance SBI's competitive position relative to other local exchanges.
Decentralized lending protocol Morpho completed a $175 million token sale, led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds, VanEck, Circle Ventures, Ledger Cathay, Wintermute Ventures, and others.
Founded in 2021 and headquartered in Paris, Morpho focuses on building modular open on-chain credit infrastructure.
The new funds will be used to deepen integration with traditional financial platforms and accelerate the global expansion of RWA through decentralized finance.
Crypto trading platform fomo completed a $75 million Series B financing, led by Index Ventures, with participation from Union Square Ventures, Benchmark, and several non-crypto angel investors, valued at $550 million.
The platform was founded in 2025 by former dYdX employees, focusing on simplifying blockchain interactions through social trading experiences, and is expanding into the field of stock and derivatives tokenization.
Options and derivatives trading infrastructure provider SignalPlus announced the completion of a $50 million Series B1 financing, with a post-money valuation of $500 million.
This round was led by HashKey Capital, with participation from BlockBooster and AppWorks, and Goldman Sachs served as the exclusive financial advisor.
Blockchain data analytics company Allium completed a $40 million Series B financing, led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures.
The financing will be used to meet the growing institutional demand for structured and standardized on-chain data.
Ornn completed a $33 million seed round led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel.
Traditional cloud computing providers mainly sell GPU compute time directly to AI companies.
Ornn's core proposition is to transform compute power from privately negotiated long-term contract resources into tradable, financeable, and hedgable publicly priced assets.
Stablecoin payment infrastructure company Trace Finance completed a $32 million Series A financing, led by CoinFund, to expand its operations in Latin America and the Asia-Pacific region.
Other investors include Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, and HOF Capital.
Prediction market financial infrastructure company EDGE Markets announced the completion of a $29.2 million Series A financing in early June, led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital.
The financing will support the launch of EDGE Pro and the payment network EDGE Connect.
Prediction market application Onyx Odds completed a $20 million Series A financing, led by Payward, the parent company of crypto exchange Kraken, valued at $220 million.
The financing will be used to expand its sports prediction and related trading products.
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