In the second quarter of 2026, the total amount of crypto industry financing and M&A reached $12.86 billion, representing a quarter-on-quarter growth of approximately 45%.

According to the Q2 2026 Crypto Financing Report released by CryptoRank, the crypto industry saw $12.86 billion in funds involved across 271 deals, representing an approximately 45% increase compared to Q1’s $8.87 billion. Venture capital was involved in 218 rounds totaling $4.99 billion, accounting for 39% of the total amount. Debt financing consisted of 9 deals amounting to $4.36 billion, of which a single $3.65 billion deal by IREN made up 84% of the total debt financing. M&A transactions included 40 deals, with a total amount of $3.33 billion. The top ten deals accounted for 67% of disclosed funds.