According to a latest report from @OVioHQ, crypto funding is back with a sharper focus: 9.6B raised on just 306 rounds. Median A hit 17.6M; seed bounced to 6.6M. Infra dominated (crypto, mining/validation, compute). Private token sales held 410M across 15 deals while public dropped 83% to 134M across 35. Expect capital to keep concentrating in infra + market-bridging apps; show real usage over vanity metrics. https://outlierventures.io/article/web3-fundraising-trends-in-2q25-strategic-selective/(Ciara Sun)