The Block Research: Cryptocurrency Startups’ Venture Funding Totals $10.7 Billion in 2023, Marking a 68% YoY Decline

The Block Research: Cryptocurrency Startups' Venture Funding Totals $10.7 Billion in 2023, Marking a 68% YoY Decline

The Block Research: Cryptocurrency Startups' Venture Funding Totals $10.7 Billion in 2023, Marking a 68% YoY Decline

According to The Block, venture capital firms invested $10.7 billion in cryptocurrency and blockchain startups in 2023, a 68% decrease compared to $33.3 billion in 2022. Most of these investments took place in the first half of the year, with a decline in the second half. Here is a brief overview of cryptocurrency funding in 2023.