In October, the total Web3 industry financing reached nearly $3.9 billion, marking the second highest record in history.

Foresight News reported, according to DefiLlama data, that the total Web3 industry financing in October 2025 reached a historic second-highest record of $3.877 billions, second only to the all-time high of over $7 billions in November 2021.

In October, Polymarket, Tempo, and Kalshi raised $2 billions, $500 millions, and $300 millions respectively, accounting for over 70% of the total monthly financing.