Crypto companies and DeFi projects just closed their worst quarter since 2020, with the sector securing just over $1 billion in venture capital as the chill of crypto winter drags on.
The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Crypto companies and D five projects just closed their worst quarter since 2020 with the sector securing just over $1 billion in venture capital as the chill of crypto winter drags on data from D five LAMA suggests the amount of venture funding dried up 77% year over year from September 2022 when the industry bagged $1.5 billion. Notably crypto venture funding activity in Q three was down 50% from the first quarter of this year and 33% from the second quarter. Last month's deal activity marked the worst September in three years. Investors have not injected this little capital since Q three of 2020 when the industry raised a little over $924 million. That's according to LAMA data. That's it for today's chart of the day. I'm Jen Senai. We will see you next time to unpack more of the data behind top news stories.