Which Narratives Are VCs Backing Right Now?
With ICOs and token launches picking up again, it’s becoming clearer where fresh VC money is actually flowing. the funding activity from the past three months across different sectors to show what investors are focusing on in this market.
Funding concentration is shifting — Prediction Markets, RWA, and Defi dominate Q4, while AI cools off and Perpetuals see minimal allocation despite strong market performance from $HYPE $ASTER & LIGHTER.
Sector Allocation Overview
Based on deals >$10M from the latest funding dataset.
• Betting / Prediction Markets – ~$3.2B+ (Polymarket + Kalshi inflate category)
• L1 / Infrastructure – ~$1.04B+
• DeFi – ~$958M+
• RWA – ~$920.7M+
• Payments – ~$660M+
• Banking – ~$217.5M+
• Stablecoins – ~$102M+
• AI – ~$60.8M+
• Trading/Perpetual - ~$54.4M+
• Depin - ~$43M+
Checkout Fundraising Screener :
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
