Crypto projects raised $3.21 billion across 130 funding rounds for business development in July 2025, according to CryptoRank data.
Since the start of the year, total industry investment has reached $20.7 billion, surpassing the $13.8 billion raised throughout the entire year of 2024. The most active investors in July were Colosseum with 9 deals, Coinbase Ventures with 7, and Animoca Brands with 5.
Leaders for the month
On July 12, the "meme coin factory" Pump.fun held a public sale of its PUMP token, raising $590 million. The initial coin offering (ICO) concluded in just 12 minutes. However, the project sold 2 billion fewer coins than the originally planned 150 billion, representing 15% of the total token supply.
A minor portion of sales occurred via centralized exchanges such as Bybit, Kraken, and Bitget. Some users experienced delays processing their applications and were unable to receive PUMP allocations promptly. The ICO price per token was $0.004. Following the sale, the price temporarily dropped to $0.002 before recovering to $0.0028 by month-end.
In July, Pump.fun fell behind its competitor LetsBonk on Solana, as well as the Zora launchpad on the Base Layer 2 solution, in terms of the number of issued meme coins.
On July 28, stablecoin-focused blockchain project Plasma completed its XPL token sale, raising $373 million—more than seven times its $50 million target. The team announced that the Plasma mainnet beta will launch with a total value locked (TVL) of $1 billion in stablecoins, marking the fastest achievement of that milestone in history.
"The Plasma mainnet beta will launch with TVL$1 billion in stablecoins , which will be the fastest time in history to reach this figure,” the team said.
Also notable, Hong Kong-based crypto platform OSL Group announced the completion of a $300 million equity funding round on July 25. CFO Ivan Wong emphasized that the capital raise is a critical milestone that will accelerate OSL’s global growth in regulated payment infrastructure and access points.
“This capital raising marks an important milestone in our journey and reflects our strong confidence in OSL’s digital asset strategy and execution. The funding will accelerate our global development, particularly in the regulated payment infrastructure and access points space,” said Ivan Wong, the company’s CFO.
Earlier in July, Upexi revealed the sale of 12.4 million common shares at $4.00 per share and agreed to issue $150 million in Solana (SOL)-secured convertible notes, raising a total of $200 million. Traditionally a consumer goods company, Upexi has diversified its treasury into cryptocurrencies, adopting a digital asset strategy similar to that of Michael Saylor but focusing on SOL instead of Bitcoin.
July 2025 also saw robust market activity beyond funding rounds, with overall trading volumes reaching new heights. Cryptocurrency futures trading registered a significant year-over-year increase, notably for Ethereum and its derivatives, reflecting growing institutional participation and liquidity.
Bitcoin maintained strong price momentum, briefly hitting a new all-time high above $122,000 before some retracement, and altcoins showed positive gains supported by the launch of new ETFs and renewed investor interest in decentralized finance (DeFi) and AI-integrated blockchain projects.
Despite some volatility and operational hiccups reported during token launches, the active fundraising and expanding institutional engagement highlight sustained confidence and maturation in the crypto sector. Analysts point toward a constructive outlook for the remainder of 2025, driven by technological advancements, regulatory clarity, and broadening adoption across diverse digital asset categories.
Looking ahead, innovation in decentralized technologies, including decentralized autonomous organizations (DAOs), cross-chain interoperability, and Web3 applications, is expected to further fuel investment and market growth. Continued focus on environmental impact and regulatory compliance will likely shape the next wave of crypto projects, ensuring sustainable and scalable development in this rapidly evolving industry.
