When excluding the $9.7 billion capital injection by Block.one into the crypto exchange venture Bullish, the second quarter saw $6.2 billion in private funding directed toward the digital asset industry, as shown in the chart below.
This represents an approximately 90% increase quarter-over-quarter, The Block Research found.
According to Dantoni's report, of the total number of deals, the bulk of the deals that took place were in the form of early-stage and seed deals, accounting for 171 and 202, respectively.
Crypto financial services companies and infrastructure-focused companies drew the most venture interest.
The full subscription-only research report can be found here.