In October, crypto industry funding reached 1650000000 USD, with Kalshi alone accounting for 61%.

AT A GLANCE

CryptoRank stated that crypto fundraising in October 2026 reached 1650000000 USD, but the growth was mainly driven by a single financing round from Kalshi.

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💰 Funding | Data: October crypto industry funding reached 1650000000 USD, with Kalshi alone accounting for 61%

BlockBeats news, November 9, a report released by CryptoRank shows that venture capital funding in the crypto industry in October 2026 reached 1650000000 USD, more than doubling from September, mainly driven by prediction market platform Kalshi completing a 1000000000 USD Series G round. Excluding Kalshi, funding for the remaining projects totaled 651000000 USD, below the industry-wide 665000000 USD in September, indicating that the funding recovery was mainly concentrated in a few large deals.

The industry completed a total of 46 funding rounds in October, only a slight increase from the 44 rounds in September, far below the 116 rounds in the same period of 2025. Seed and Pre-Seed funding grew 8% to 123000000 USD, with a total of 20 rounds completed.

The payments sector saw the most active funding, with 12 deals totaling 342000000 USD, of which Whop raised 200000000 USD. Funding in the RWA sector totaled 137000000 USD, with Spiko and Meanwhile raising 90000000 USD and 37500000 USD respectively. Institutional participation rebounded for the second consecutive month, with 155 institutions participating in funding in October, up 16% from September, but still far below the 353 in the same period last year.

Tether participated in 4 funding rounds, making it the most active institution of the month; Sequoia Capital participated in 3 rounds and led all of them. Funding concentration remains high, with Kalshi's single round accounting for 61% of the month's total venture capital, and the top ten funding projects together accounting for 91%.

After excluding the month's two largest funding projects, the remaining funding was 451000000 USD, roughly on par with the 455000000 USD in September. In addition, the crypto industry disclosed a total of 13 M&A transactions in October, an increase of 1 from September, but none of the transactions disclosed their amounts.

Original link https://m.theblockbeats.info/flash/376297

Key points

CryptoRank report shows that crypto industry venture capital funding reached 1650000000 USD in October 2026, more than doubling compared to September.
Kalshi completed a 1000000000 USD Series G funding round, accounting for 61% of the total venture capital investment in the crypto industry in October.
Excluding Kalshi, the other projects' financing amount was 651000000 USD, lower than the industry-wide 665000000 USD in September.
October saw a total of 46 funding rounds completed, compared to 44 in September and 116 in the same period of 2025.
Seed and Pre-Seed financing grew by 8% to 123000000 USD, with a total of 20 rounds completed.
There are 12 transactions in the payment sector, with a total financing amount of 342000000 USD; Whop received 200000000 USD in financing.
The total financing in the RWA sector amounted to 137000000 USD, with Spiko and Meanwhile raising 90000000 USD and 37500000 USD respectively.
In October, a total of 155 institutions participated in financing, an increase of 16% compared with September; Tether participated in 4 rounds of financing, and Sequoia Capital participated in 3 rounds and led all of them.
The top ten financing projects together accounted for 91% of the total financing amount in October; after excluding the top two financing projects, the remaining financing amount was 451000000 USD, compared with 455000000 USD in September.
October disclosed 13 M&A transactions, an increase of 1 compared with September, but none of the amounts were disclosed.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This data shows that total crypto industry financing rose significantly in October, but mainly due to Kalshi's 1000000000 USD financing. If this large transaction is excluded, the industry's financing scale is basically close to that of September, and financing remains concentrated in a small number of projects.

Why it matters to readers

Total growth does not mean the industry as a whole has generally recovered. Observing the financing scale after excluding large transactions, institutional participation, and data from subsequent months can better determine whether the financing environment is continuously improving.

Beginners can first distinguish between "total industry financing" and "financing after excluding large transactions," avoiding the mistake of judging that the entire market has fully recovered just because the total amount has risen.

Risks and unknowns

The information is BlockBeats' paraphrase of a CryptoRank report; the original CryptoRank report is not provided in the evidence, and the data still needs independent verification.
The evidence does not indicate whether Kalshi's financing funds have been received.
The amounts of the M&A transactions were not disclosed.
Whether subsequent data will revise the October financing amount is not clarified by the evidence.

In October, crypto industry funding reached 1650000000 USD, with Kalshi alone accounting for 61%.

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