Thematic Research Brief

Data: In August, the total financing amount in the cryptocurrency market was approximately 596 million USD, with a financing coverage rate of about 28.2% for RWA

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RootData Research
Sep 4, 20264 min

In August, the crypto primary market disclosed 49 financing events, with a total financing amount of approximately $596 million, a month-on-month decrease of 74.2% compared to July's approximately $2.312 billion

Data: In August, the total financing amount in the cryptocurrency market was approximately 596 million USD, with a financing coverage rate of about 28.2% for RWA

Data Overview

According to RootData's financing data statistics, in August, the crypto primary market disclosed 49 financing events, with a total financing amount of approximately $596 million, a month-on-month decrease of 74.2% compared to July's approximately $2.312 billion, and a year-on-year decrease of 35.5% compared to August 2025's approximately $924 million; the number of financing events saw a slight month-on-month increase of 2.1% compared to July's 48 events, but a year-on-year decrease of 42.4% compared to 85 events during the same period last year. (This data does not include questionable financing and excludes mergers and acquisitions, IPOs, post-IPO, and debt financing.)

Sector Breakdown

From the perspective of sectors, DeFi was the most active sector this month, completing 19 financings, but the disclosed amount was only about $73.1 million; the infrastructure sector completed 14 financings, with a disclosed amount of approximately $311 million, ranking first in terms of amount; CeFi completed 8 financings, with a disclosed amount of approximately $199 million. The top three projects by financing amount were Ripple ($275 million), RQD Clearing ($74 million), and Fasset ($68 million), with the top three projects totaling approximately $417 million, accounting for about 70.0% of the overall disclosed financing scale.

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This brief is a short-form research note intended to provide timely and concise observations on a specific issue, event, or subject. Coverage is limited and does not constitute comprehensive due diligence or a full investment research report. Views are based on publicly available information as of the publication date and may be revised as new information emerges; the authors are under no obligation to update this note. It does not constitute advice to buy, sell, hold, or dispose of any asset, and no warranty is given as to the ultimate correctness of the judgments expressed. Readers should weigh the inherent limitations of brief research, seek additional sources, make independent decisions, and bear their own risks. Full reproduction or selective quotation without permission is not allowed.

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