The number of financing transactions in the cryptocurrency sector is experiencing a new round of adjustment. On February 28, PANews learned that, according to data from The Block, the monthly financing transaction count (by rounds) in the cryptocurrency venture capital field has fallen back to near 2017 levels. This phenomenon clearly reflects a significant cooling in the investment enthusiasm across the industry in recent times.

Industry insiders generally believe that the cyclical fluctuations in cryptocurrency financing are closely related to the overall market conditions. The current decline in financing activity to levels seen nearly a decade ago marks a shift in investors' interest in new projects, and the market is undergoing a transition from frenzy to rationality.