Democrats across the 10 most competitive Senate races are out-raising Republicans by more than $75 million among small-dollar donors — those giving less than $200 — according to an Axios analysis of Federal Election Commission records.

The big picture: Inflation, Trump-induced donor fatigue and other factors are impacting the GOP grassroots, prompting Republican candidates to rely more heavily on high-dollar donors.

Between the lines: One Republican seeing huge small-dollar fundraising success is Donald Trump, whose political operation has hoovered up more than $60 million from under-$200 donors this cycle.

But Trump isn’t a 2022 candidate, and he’s steered just a tiny portion of his war chest to GOP midterm hopefuls.