According to Jinse Finance, the cryptocurrency industry received $2.67 billion in investments in July, equivalent to 85% of the total capital raised in the entire second quarter. DefiLlama data shows that the amount raised in July increased by 6% compared to June, when the amount raised by cryptocurrency startups barely exceeded $2.5 billion. Additionally, July was the second-highest month for fundraising, only behind March with $3.5 billion. The presale of Pump.fun significantly contributed to the fundraising amount in July, attracting nearly $1 billion before the token issuance took place.