Crypto venture capital funding surged by 15% in August to $633.9 million, rebounding despite broader market illiquidity and the summer slowdown. The bulk of this funding is flowing into blockchain infrastructure projects. Venture capitalists have raised $2.2 billion in crypto funds this year, with expectations to surpass the $2.6 billion raised in 2023, according to a report from PitchBook. Bullish vibes have returned to the market.