Crypto funding soars past $1.5 billion in June with Circle IPO boost

Venture capital activity in the crypto space has seen a significant rebound this month, with total investments crossing $1.5 billion by June 20, according to DeFiLlama data.

This marks the strongest monthly performance since March 2025 and signals growing confidence in blockchain startups after a quieter second quarter.

The raised funds are more than double the $624 million recorded in May, making June the second-highest month for funding in 2025.

However, the final tally could go even higher before the end of the month.

Circle’s IPO leads crypto funding surge

A large share of this month’s capital inflow comes from Circle’s high-profile public listing.

The USDC stablecoin issuer launched on the New York Stock Exchange on June 5, selling 34 million shares at around $31 each. The offering brought in close to $1.1 billion, valuing the company at roughly $6.9 billion at the time of listing.

Since going public, Circle’s stock has significantly climbed by more than 500% to an all-time high above $200. The rally has also helped propel the stablecoin issuer’s valuation to nearly $50 billion.

Without Circle’s IPO, the total raised in June would have hovered around $400 million.

However, the broader wave of funding underlines a growing appetite among investors to back crypto innovations amid improving sentiment in the digital asset space.

For context, EigenLayer secured the second-largest funding round of the month. The Ethereum restaking protocol attracted $70 million from Andreessen Horowitz (a16z), supporting the launch of EigenCloud and ecosystem growth.

The venture capital firm a16z also led a $33 million investment in Yupp, a platform helping users discover and test AI models for free.

Meanwhile, other significant funding rounds the industry recorded this month include a $40 million raise for security firm Hypernative, $30 million for crypto infrastructure provider Turnkey, $22 million for stablecoin project Noah, and $20 million for OneBalance, a platform focused on simplifying crypto’s fragmented user experience.

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