While the number of cryptocurrency investment rounds decreased slightly in the third week of March, the amount of funds raised increased, and the concentration of funds in the market rose. According to Cryptorank, approximately $3.13 billion was raised through a total of 23 investment rounds during the third week of March (March 16-22). Compared to the previous week ($25 rounds, $339.88 million), the number of rounds decreased to 23, but the amount raised surged from $339.88 million to $3.13 billion, indicating a market restructuring towards larger investments. March 16th Undisclosed ($1.55 million/Undisclosed/Undetermined) Metaplanet ($255 million/Post-IPO/Undetermined) Ironlight ($21 million/Series A/Gregory Brack et al.) March 17th Deriveo ($6 million/Undisclosed/YZi Labs et al.) Rendshot ($N/A/Seed Round/Fulger Ventures et al.) Republic ($N/A/Undisclosed/Hamilton Lane) Current ($N/A/Undisclosed/OKX Ventures et al.) BVNK ($1.8 billion/Merger/Mastercard) Autonomer ($N/A/Merger/GSR) Architech ($N/A/Merger/GSR) Capital B ($3.45 million/PIPE/Undetermined) Strip ($14.6 million/Undisclosed/Robinhood) Transpay ($14.2 million/Series A/Turing Financial) Group) dtcpay ($10 million/Series A/Vertex Ventures) Genfad ($N/A/Merger/Sokin) Kivan ($572,330/Seed/Undisclosed) Undisclosed ($3 million/Undisclosed/Undisclosed) March 18 Brahma ($N/A/Merger/Polymarket) March 19 Myriad ($N/A/Seed/Everest Ventures Group, etc.) Avalanche ($N/A/Undisclosed/Animoca Brands) Calci ($1 billion/Series E/Coatue) Management) Undisclosed (N/A/Undisclosed/Undetermined) March 20th Rarible (N/A/Mergers & Acquisitions/Impossible) Observing recent monthly investment flows, this year ▲January (74 rounds, $1.84 billion) ▲February (77 rounds, $986.61 million), as of March, a total of approximately $3.61 billion has been raised through 63 rounds of investment. Compared to the baseline of last week ($36 rounds, $472.03 million), both the number of investment deals and the amount of funds raised have shown a significant expansion trend. Based on the investment activity index over the past 30 days, which decreased by 36% compared to the previous month, it recorded a 'Low' level. With the slowdown in both the number of investment deals and fund inflows, the overall investment sentiment in the market continues to show a shrinking trend. A total of 69 rounds of investment were recorded during this period, a decrease of 28.1% compared to the previous month. The total investment raised was approximately $864 million, a decrease of 48% compared to the previous month, and the overall investment scale also showed a clear shrinking trend. The average size of a single funding round ranged from $3 million to $10 million, with the seed stage being the most active. In terms of investment concentration, the payment sector accounted for the largest share, becoming the central axis of capital flows during this period. Based on the past six months, the sector with the highest investment share was payments, accounting for 29.18%, followed by ▲Artificial Intelligence (AI) (27.05%) ▲Binance Alpha (16.11%) ▲DEX (14.29%) ▲Data Services (13.37%). Recently, VC funds have shown a trend of concentrating on AI and payment center application areas, as well as sectors with infrastructure characteristics. The most active investment institutions during the same period were, in order: Coinbase Ventures (35 rounds), ▲GSR (17 rounds) ▲YZi Labs (15 rounds) ▲a16z Crypto (14 rounds) ▲Tether (14 rounds) ▲Animoca Brands (13 rounds) ▲Pantera Capital (12 rounds).