Global funding to blockchain and crypto startups fell by 35% quarter-over-quarter in Q3’22, as venture capital investors remained cautious amid the continued crypto winter, rising inflation, and the Fed’s interest rate hikes.

Download the full State of Blockchain report for insight into these key trends, funding data, and more: 

• Blockchain venture funding fell to $4.6B, the second quarter-over-quarter (QoQ) decline this year.
• While there were only 6 new blockchain unicorns in Q3’22, they still accounted for a quarter of total unicorn births across all industries. Common themes of the new blockchain unicorns include payments (Paystand and Zebec) and Layer-1 blockchains (5ire and Mysten Labs).
• Nearly half of global blockchain deals went to U.S. companies, the leading region for deals for the 8th consecutive quarter.
• Web3 accounted for over half of total blockchain funding for the third straight quarter, at 63%.