Crypto Launch Report

A tale of two cryptos in Q3

It’s hard to find good news about crypto these days. The stunning and sudden collapse of FTX has seemingly triggered a tidal wave of negative sentiment across the whole vertical, causing the already skeptical public to shy away.

But is the news really all bad? It depends where you look, according to PitchBook analyst Robert Le. Our inaugural Crypto Report examines the state of the vertical and its various segments in Q3, charting deal activities and remaining opportunities. The long and short of it is crypto is far from done.

Key takeaways

• Deal values and count declined more than 33% from Q2’s figures, but… 
   
• Investors poured more money into Web3, marking a 44.5% increase in deal value over the previous quarter.