Binance Wallet shines, but token sales, VC funding slow down in August

Crypto fundraising through token sales totally reversed the trend from July with volumes diminishing for both VC funding rounds and IDO/ICO ￰0￱ the price records fundraising attracted caution with both the number of deals and their monetary value falling in the past ￰1￱ was a slow month for token sales and fundraising

with both the number of deals and their monetary value ￰2￱ on Cryptorank data IDO/ICO sales and VC-backed rounds took a downturn in August reflecting a historically slow period for ￰3￱ from token sales on Binance Wallet took the lead as buyers looked for the most liquid ecosystems. |) takes up over 75% of token sales

with around 20% for Initial Exchange ￰4￱ sales have shifted to direct listings and liquidity as DEX activity offered more ￰5￱ deals return to baseline in August VC deals raised a total of $3.6B for the whole month of August in a total of 113 ￰6￱ $2.42B were raised in the USA and around $975M in undisclosed ￰7￱ August

Europe was almost a side note in terms of crypto deals with only small inflows from the UK and ￰8￱ Ventures was among the most active funds leading a total of eight rounds for the ￰9￱ Capital came second leading six ￰10￱ the past year

the trend of smaller seed deals continues while funds poured more into undisclosed rounds and late-stage ￰11￱ sized at $3M- $10M still made up the most of the volumes for the past ￰12￱ investment focus of VC deals shifted in August though AI remained the top narrative. |