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Crypto Report

Q2 2023

Crypto Report

August 18, 2023

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Despite sagging deal value and count, opportunities remain for crypto investors

Crypto deal value and count fell for the fifth consecutive quarter and to their lowest point since Q4 2020, according to PitchBook’s Q2 2023 Crypto Report. The good news for investors is that there are still plenty of opportunities such as stablecoins, which are designed to be less volatile since they’re pegged to other currencies and commodities. Additionally, other startups are working to extract more value from blockchain mining.


Table of contents
Vertical update 3
Q2 2023 timeline 5
Crypto landscape 6
Crypto VC ecosystem market map 7
VC activity 9
Emerging opportunities 18
       Stablecoins 19
       MEV solutions 22
Select company highlights 25
       Intmax 26
       Obol 27