$90 Billion USD Flows into Cryptocurrency

Projects related to blockchain and cryptocurrency have collectively received $90 billion in investment capital throughout their historical timeline.

Azcnews Breaking (12)

According to statistics from The Block, the total investment poured into the cryptocurrency industry has surpassed the $90 billion mark, thanks to the resurgence of funds from firms in February 2024.

The Block has been tracking investment activities in the cryptocurrency industry since 2017, categorizing them into various sectors including Web3, infrastructure, DeFi, NFTs, gaming, financial services, trading and brokerage, data and analytics, and enterprise investments.

Since the beginning of 2024, the crypto market has witnessed over 230 investment deals with a surface value of $1.3 billion.

Historical Fundraising Statistics For The Cryptocurrency Industry
Historical Fundraising Statistics For The Cryptocurrency Industry

Historical fundraising statistics for the cryptocurrency industry. Source: The Block (02/21/2024)

The majority of funds raised in the first two months of investment have been directed towards DeFi, infrastructure, NFT/gaming, and Web3 sectors. Notable funds actively participating in investment include Animoca Brands, Polychain Capital, Framework Ventures, and Shima Capital.

However, The Block points out that despite the increase in the number of investments, the value measured in USD still lags behind the peak period in 2021. The majority of fundraising rounds in recent months have raised less than $10 million. Nevertheless, there have been some notable deals such as EigenLayer ($100 million), Oobit ($25 million), Portal ($34 million).

Related: Bitcoin Battles $51K Resistance Amidst Altcoin Declines

Recent assessment by John Dantoni regarding the cryptocurrency market

The recovery of investment activities in recent months, particularly in seed/pre-seed rounds, the increased risk appetite from Asian-origin funds, coupled with growing interest in DeFi and DePin, indicates that VCs are positioning themselves for a new market cycle.

5.0/5

(3 votes)

Latest

Azcnews Breaking Zklend Loses $4.9m In Starknet Exploit

News | Editor Choice | Policy & Regulations

zkLend Loses $4.9M in Starknet Exploit, Offers Hacker 10% Bounty for Return of Funds

Decentralized lending protocol zkLend has fallen victim to a $4.9 million exploit on the Starknet network, marking a resurgence in crypto-related hacks after a decline in January.

Azcnews Breaking Us And Uk Refuse To Sign International Agreement On Ethical Ai

News | AI | Editor Choice

US and UK Refuse to Sign International Agreement on Ethical AI

The US and UK declined to sign an international AI agreement, citing concerns over excessive regulation, while the summit emphasized ethical AI development, innovation, and global cooperation.

Azcnews Breaking Bitcoin’s Price Fluctuation And The Role Of Otc Transactio

News | Bitcoin | Editor Choice

Bitcoin’s Price Fluctuation and the Role of OTC Transactions

Bitcoin briefly dropped to $94,900 last night before recovering slightly. While market sentiment and institutional strategies often dominate discussions on Bitcoin’s volatility, the impact of over-the-counter (OTC) transactions remains an overlooked but crucial factor.

Azcnews Breaking Bnb Chain’s Four.meme Suffers $183k Exploit In Security Breach

News | Editor Choice | Memecoin

BNB Chain’s Four.Meme Suffers $183K Exploit in Security Breach

The memecoin launch platform has temporarily suspended the creation of new liquidity pools as it works to resolve a recent exploit.

Azcnews Breaking Litecoin Etf Has A 90% Chance Of Sec Approval

News | Altcoin | Editor Choice | Policy & Regulations

Litecoin ETF Has a 90% Chance of SEC Approval

Bloomberg ETF analysts suggest that Litecoin's regulatory filings have been acknowledged, indicating that the SEC likely classifies it as a commodity.