Galaxy: The top seven deals accounted for nearly half of Q3 investment activity, signaling the possible end of the golden age for pre-seed and seed round investments

According to ChainCatcher, citing The Defiant, a research report by Galaxy Digital indicates that in the third quarter of this year, seven large transactions raised more than $2.26 billion, accounting for 48.7% of the total venture capital invested in cryptocurrency and blockchain-related companies during the same period.

During this period, venture capital firms invested $4.65 billion in 415 deals targeting crypto-focused startups and private companies, representing a 290% quarter-on-quarter increase, though still below the levels seen in 2021-2022. The growth was mainly driven by late-stage companies, suggesting that capital continues to concentrate on mature firms rather than early-stage startups.

Despite improving market sentiment and increasing investment activity, Galaxy Digital believes that "the golden age of pre-seed crypto venture capital is over."