Crypto Fundraising Jumps 436% as Infrastructure Leads Weekly Deals

Crypto financing deals disclosed $107.1 million for the week ended Oct. 26, a 436% increase from the previous week. Infrastructure drew most of the funding, even as Bitcoin, Ether and the total crypto market value fell during the same period. Seven infrastructure deals brought in $90.5 million, leaving $16.6 million across the remaining four deals. Infrastructure therefore accounted for about 85% of disclosed financing and raised more than five times the amount in all other categories combined. It also led by deal count, with seven of the 11 transactions. Meow raised $31.6 million and Mural secured $15 million.

Source: TokenPost