The Total Funding Raised for new Crypto projects has seen an increase the past few months but is nowhere close to what it was back in 2021 & 2022. This cycle has been all about treasury companies which are building on top of projects that are already out there. Most capital still prefers the liquid markets and therefore raises for new chains and such have been a lot less frequent. The upside of this is that it has helped bring valuations down on new launches which have caused for more healthy price action following the initial listings. I'd say this is a good change for the market and the projects themselves. This also leaves potential upside for all market participants.(Daan Crypto Trades)