Total Crypto Startup Funding Reaches $2.49 Billion in Q1 2024
After three consecutive quarters of decline, cryptocurrency and blockchain startups have seen a significant increase in venture capital investment, according to data compiled by Galaxy Research.In the first quarter of 2024, VCs pumped $2.49 billion into 603 deals for crypto startups, representing a 29% increase in the amount of money raised from the previous quarter, and an increase in the number of deals from the previous quarter of an increase of 68%. Several factors influenced investment dynamics during the quarter, including the launch of Bitcoin exchange-traded funds (ETFs), innovations in areas such as rehypothecation, modularity, and Bitcoin's Layer 2 solutions, as well as macroeconomic factors such as interest rates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale holding $3.5 million in assets swapped 50,000 KTA for 320,000 EDEL.
Bitget TradFi section enters public beta, allowing trading of gold, forex, and other assets within the same account
Smart money wyzq.eth sold all RAVE for a profit of over $100,000, with a return rate of 83%
Octra Labs co-founder: ICO will not be canceled, but all unsold tokens will be removed from circulation