According to ChainCatcher, data from CryptoRank.io shows that in the second quarter of 2026, total fundraising through initial exchange offerings (IEOs), initial coin offerings (ICOs), and initial DEX offerings (IDOs) amounted to just $58 million, an 85% quarter-over-quarter decline. The number of funded projects also dropped sharply from 105 in Q1 to 37, a 65% year-over-year decrease. Only 13 public fundraising events occurred in May alone, the lowest level since December 2020. Since peaking in the first quarter of 2025—with $849 million raised across 429 projects—the public fundraising market has remained sluggish.
Q2 2026 Becomes the Worst Quarter for Crypto Public Fundraising, Raising Only $58M
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Summary
Q2 2026 saw a crypto market update with public fundraising dropping to a low of $58 million, an 85% decline from Q1. Only 37 projects raised funds, compared to 105 in the previous quarter. May 2026 recorded just 13 fundraising events, the lowest since late 2020. The market has struggled since its Q1 2025 peak of $849 million. Inflation data and macroeconomic pressures may continue to dampen investor sentiment.
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