In September 2025, 77 cryptocurrency companies collectively raised over $3.3 billion, pushing the year's total funding past $17 billion, according to DL News. This marks a significant increase from 2024, with funding surpassing last year's total by more than $7 billion. Leading the fundraising efforts, Figure Technology raised $787.5 million through its Nasdaq debut, while Kraken secured $500 million at a $15 billion valuation. Rapyd also raised $500 million in a Series F round with backing from BlackRock and Fidelity. Analysts remain optimistic about the sector's growth, with PitchBook projecting $18 billion in total funding for 2025. Some investors are even more bullish, anticipating the year's funding to exceed $25 billion.