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Crypto protocols raised 1.9 billion USD in August.
According to DefiLlama, crypto protocols raised 1.9 billion USD in August, a fall of 30% compared to July (2.67 billion USD). Nevertheless, the third quarter has reached 4.57 billion USD in just 2 months, surpassing the total capital of 4.54 billion USD in the second quarter.
On the contrary, the public token sale fell sharply, reaching only 30.7 million USD after 7 projects, far less than the 600 million USD deal of PUMP in July.
👉 Q3 shows that institutional capital remains stable despite monthly fluctuations.