Breaking News: Cryptocurrency Market Financing Surpasses $1 Billion for the Second Consecutive Month, Marking a Milestone Since Late 2022

Breaking News: Cryptocurrency Market Financing Surpasses $1 Billion for the Second Consecutive Month, Marking a Milestone Since Late 2022

Breaking News: Cryptocurrency Market Financing Surpasses $1 Billion for the Second Consecutive Month, Marking a Milestone Since Late 2022

According to the data from RootData, a Web3 asset data platform, there were a total of 161 financing events in the cryptocurrency market in April this year, with a total financing amount of $1.02 billion. This is slightly lower compared to the $1.09 billion (186 events) in March, but it is the first time in the industry that the financing amount has exceeded $1 billion for two consecutive months since October to November 2022.

The blockchain project with the highest financing amount in April was Layer 1 blockchain network Monad, which raised $225 million in financing led by venture capital firm Paradigm. The teams behind blockchain infrastructure startups Auradine and Cosmos-based Layer 1 blockchain Berachain received financing of $80 million and $100 million respectively.

The most notable financing event recently was BlackRock’s leading investment of $47 million in Securitize, a company that tokenizes real-world assets (RWA).

In terms of industry categories, blockchain infrastructure companies received the most venture capital investment in 2024, amounting to $1.7 billion, followed by decentralized finance (DeFi) protocols with $626 million. Decentralized autonomous organizations (DAOs) received the least financing, only $3 million.

So far this year, over $3.67 billion has flowed into the crypto industry, with a total of 641 financing events, with the potential to exceed the $9.3 billion financing amount in 2023.

According to previous reports by Bloomberg, two major crypto venture capital firms, Pantera Capital and Paradigm, are seeking $1 billion and $850 million respectively for new funds. US venture capital firm a16z announced in April that it raised $7.2 billion for five different funds to invest in various technology sectors, including artificial intelligence and gaming, without specifically mentioning that the new funds will be dedicated to cryptocurrencies.

Data source