According to the data from Web3 asset data platform RootData, 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 than the $1.09 billion (186 events) in March, but it is the first time that the financing amount has exceeded $1 billion for two consecutive months since October to November 2022.
Source:
RootData
According to statistics, the blockchain project with the highest financing amount in April was Layer 1 blockchain network Monad, which completed a financing of $225 million led by venture capital firm Paradigm. Blockchain infrastructure startup Auradine and Layer 1 blockchain Berachain based on Cosmos received financing of $80 million and $100 million respectively.
The most notable recent financing event was the $47 million investment led by BlackRock 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, totaling $1.7 billion, while decentralized finance (DeFi) protocols ranked second with $626 million. Decentralized autonomous organizations (DAOs) received the least amount of financing, only $3 million.
Source:
RootData
So far this year, over $3.67 billion has flowed into the cryptocurrency industry, with a total of 641 financing events, with the potential to exceed the $9.3 billion financing amount in 2023.
According to a previous report by Bloomberg, the two major cryptocurrency venture capital firms Pantera Capital and Paradigm are seeking $1 billion and $850 million respectively for new funds. American venture capital firm a16z announced in April that it had raised $7.2 billion for five different funds to invest in various technology fields, including artificial intelligence and gaming, without explicitly stating that the new funds will be specifically used for cryptocurrencies.
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