Data: In September, the total financing amount in the cryptocurrency market was approximately 1.114 billion USD, a month-on-month increase of 85.0%
According to financing data statistics from RootData, the cryptocurrency primary market disclosed a total of 47 financing events in September, of which 34 disclosed amounts that can be accurately counted, with a total financing amount of approximately $1.114 billion. This represents a month-over-month increase of 85.0% compared to about $602 million in August, and a year-over-year increase of 9.0% compared to about $1.022 billion in September 2025; the number of financing events decreased by 4.1% compared to 49 events in August and decreased by 25.4% compared to 63 events in the same period last year.
From the perspective of sectors, infrastructure had the most financing events in September, completing 14 financings with disclosed amounts of approximately $263 million; both CeFi and DeFi completed 11 financings, with disclosed amounts of approximately $394 million and $369 million, respectively. The three major sectors of CeFi, DeFi, and infrastructure accounted for about 92.0% of the disclosed financing amounts this month.
The three highest financing amounts in September were Polymarket ($300 million), Félix ($200 million), and Jeeves ($110 million), totaling $610 million, which accounted for about 54.8% of the total financing amount this month; Kraken also received a $100 million investment from Nasdaq. The financing amount this month showed a significant rebound, mainly driven by a few large financings, while the overall number of financing events in the market did not increase simultaneously.
In September, a total of 8 RWA-related financing events were disclosed, of which 6 disclosed specific amounts, totaling approximately $52.75 million, accounting for about 17.0% and 4.7% of the number of financing events and total financing amount this month, respectively. Compared to 2 events and $14 million in August, the number of events increased by 300%, and the financing amount increased by approximately 276.8%. The top three projects by amount were OpenReserve ($25 million), Tare ($13.25 million), and CatchBack ($8 million), which together accounted for about 87.7% of the disclosed amounts in the RWA sector.
In addition, 11 merger and acquisition events were disclosed in September, an increase of 57.1% compared to 7 in August, and a decrease of 42.1% compared to 19 in the same period last year. Among them, the tools and information services sector had 4 events, making it the most active sector for mergers and acquisitions. Representative transactions include MoonPay acquiring North Capital, CoinMarketCap acquiring CoinGlass, Circle acquiring Tazapay, and S&P acquiring OpenZeppelin.
In terms of investment institutions, Coinbase Ventures participated in 6 financings, making it the most active institution this month; a16z and Maven11 each participated in 3. Overall, in September, funds mainly flowed towards payment, prediction markets, trading and data infrastructure, CeFi, and RWA, among other directions.
