Crypto News- In the ever-evolving landscape of crypto and blockchain, recent data from The Block Research reveals a significant milestone: total investments in related ventures have exceeded $90 billion. This achievement comes on the heels of over 50 deals this month alone, propelling funding into the sector past the noteworthy threshold.
John Dantoni, Director of The Block Research, notes the nuanced trends within this surge. While overall funding figures haven’t seen a dramatic surge, there are promising indicators of growth.
Cryptocurrency Ecosystem Hits 90 Billion Dollars in Total Investment
The diversity of investments is evident in The Block Research’s categorization, which includes web3, infrastructure, DeFi, NFTs/gaming, crypto financial services, trading and brokerage, data and analytics, and enterprise projects. Since the year’s commencement, more than 230 deals have been recorded, amassing nearly $1.3 billion.
In 2024, predominant sectors attracting investment include DeFi, infrastructure, NFTs/gaming, and web3 projects. Notable participants in funding rounds include Animoca Brands, Polychain Capital, Framework Ventures, and Shima Capital. Particularly noteworthy is the $25-million Series A investment in Oobit, a crypto mobile payment firm, which saw involvement from Tether and Solana co-founder Anatoly Yakovenko.
Persistent Deal Volume Coupled with Decreased Funding Sums
Dantoni points out the recent surge in deal activity, especially in Pre-Seed/Seed investments, and the increasing interest from Asian VCs in DeFi & DePIN, suggesting strategic positioning for potential shifts in the digital asset landscape.
Despite the stable number of deals, most recent funding announcements have seen capital injections below $10 million, marking a departure from the investment levels of previous years. Nevertheless, with over 9,500 investments in the industry since 2017, according to The Block Research, the trajectory of growth remains compelling.
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