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Fortune
Fortune
Leo Schwartz

The 10 biggest crypto funding rounds of 2022

Crypto FTX TER Amber Group ConsenSys Joe Lubin Polygon Circle Crypto Winter FTX US
(Credit: Art by Fortune)

After starting out hot, 2022 proved to be a challenging year for the crypto industry, with the May collapse of Terra triggering what analysts have deemed the latest Crypto Winter.  

VC firms closed their wallets as the chill set in. According to data from Crunchbase, global funding for VC-backed crypto startups dropped from $8.8 billion in the first quarter of 2022 to $6.2 billion in the second quarter to around $3.4 billion in the third quarter.  

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