New record lows were set for both the total funding amount and the number of deals during this period. The quarterly figures fell below $2.1 billion across a total of 297 deals, marking a 36% decrease in both categories compared to the previous quarter. According to Messari’s , decentralized finance (DeFi) took the lead with 67 in total, whereas chain infrastructure secured the highest proportion of funding, comprising 18% of the total. The gaming sector also posted a strong quarter, amassing nearly $250 million in investments.
Source: Chayanika Deka, 2023-10-16; https://cryptopotato.com/defi-defies-crypto-fundraising-slump-secures-210m-messari/