Data Report
State of Crypto & Web3 Funding — All-Time
Tracked funding for Crypto & Web3 companies across all years — totals, largest rounds, stage mix, and recent quarterly trends.
Report generated October 2026 · Figures in USD
Funding totals and round counts include only positive known USD amounts. Company and stage counts also include rounds without a known USD amount.
$109.7B
Funding with USD Amounts
2,849
Rounds with USD Amounts
1,997
Companies with Funding Events
$10.0B
Largest Round
Funding Trend
Funding with known USD amounts per quarter. The current quarter is still filling in.
Year-only estimates are excluded from quarterly totals. Headline totals may include them.
Peak quarter '26 Q2 at $9.6B. Latest complete quarter (2026Q3): ▼ 91% QoQ · ▼ 71% YoY. Current quarter (QTD) is still filling in.
Largest Rounds
The biggest tracked Crypto & Web3 funding rounds with known USD amounts. Tap any company for its full profile.
Bullish
Corporate Round · Cayman Islands
$10.0B
May 2021
Block.one
SAFE · Cayman Islands
$4.0B
Jun 2017
IREN Limited
Convertible Note · Australia
$3.0B
May 2026
IREN Limited
Convertible Note · Australia
$2.6B
May 2026
Polymarket
Series D · United States
$2.0B
Oct 2025
Binance
Growth Equity · United Arab Emirates
$2.0B
Mar 2025
ALT5 Sigma Corporation
Venture Round · Canada
$1.5B
Aug 2025
NYDIG
Private Equity · United States
$1.0B
Dec 2021
FTX
Series B · Bahamas
$1.0B
Jun 2021
FTX
Series B · Bahamas
$900.0M
Jul 2021
Kraken
Growth Equity · United States
$800.0M
Nov 2025
ALT5 Sigma Corporation
Venture Round · Canada
$750.0M
Jun 2025
Forte
Series B · United States
$725.0M
Nov 2021
DCG
Series B · United States
$700.0M
Nov 2021
Sorare
Series B · France
$680.0M
Sep 2021
Rounds by Stage
Most common stages among all eligible funding events, including rounds without a known USD amount.
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Methodology
Figures are aggregated from Indexed's live database of 99,094 company profiles and 22,378 investors. Company totals include publicly listed and inactive businesses. Company funding totals and individual event tables have different coverage; each report states its population and period. Amounts are shown in USD where available, and undisclosed amounts are excluded from dollar totals. Source coverage varies by record; follow company and event links to inspect supporting evidence. Report generated October 2026. Free to cite with attribution to Indexed.
Totals include recorded grants and other qualifying funding, not just equity. Debt financing, IPO proceeds and exit consideration are excluded from these funding totals. Valuations are company values, not capital raised. How funding is counted.