Data: August Crypto Market Total Financing Reached Approximately $596 Million, RWA Financing Coverage Rate About 28.2%

In August, the crypto primary market disclosed 49 financing rounds, with a total financing amount of approximately $596 million, down 74.2% month-over-month from approximately $2.312 billion in July, and down 35.5% year-over-year from approximately $924 million in August 2025. The number of financing events increased slightly by 2.1% from 48 in July, but decreased 42.4% year-over-year from 85 in the same period last year. (Data excludes questionable financing, and removes M&A, IPO, Post-IPO, and debt financing.)

By sector, DeFi was the most active with 19 financing rounds, disclosing approximately $73.1 million; the infrastructure sector had 14 rounds, disclosing approximately $311 million, ranking first; CeFi had 8 rounds, disclosing approximately $199 million. The top three projects by financing amount were Ripple ($275 million), RQD Clearing ($74 million), and Fasset ($68 million), totaling approximately $417 million, accounting for about 70.0% of the disclosed scale.

Regarding RWA, RootData has recorded a total of 529 RWA projects, of which 149 have financing records, with a financing coverage rate of approximately 28.2%; however, in August, there was only one financing round of $14 million for Entropy, accounting for about 2.0% of the month's events and approximately 2.3% of the disclosed amount. There were 6 M&A events in August (compared to 19 in July), of which 4 were in CeFi, including BitGo's acquisition of NYDIG, Nasdaq's acquisition of LeveL Markets, Rain's acquisition of Ansa, and OpenFX's acquisition of Global Ledger. Active investment institutions include YZi Labs, MH Ventures, Mapleblock, and Polychain. Overall, funds mainly flowed to payments, clearing, stablecoins, CeFi, and institutional-grade infrastructure; RWA projects have ample reserves, but monthly financing has yet to scale up.

[ChainCatcher]