The crypto sector attracted US$1.02 billion in venture capital funding in April 2024 across 161 investment rounds, according to Rootdata.
This is the second consecutive month funding surpassed the billion-dollar threshold.
That brings the amount invested in crypto ventures thus far in 2024 to US$3.67 billion. Blockchain infrastructure companies alone amassed over US$1.7 billion this year.
The industry recorded over US$9 billion throughout last year.
April’s investment landscape was highlighted by notable contributions from major investors, including BlackRock’s US$47 million investment in tokenization firm Securitize.
Monad, often referred to as a “Solana killer,” attracted US$225 million, while Auradine and Berachain, operating on the Cosmos network, secured US$80 million and US$100 million, respectively.
Seed fundraising accounted for more than half of the total rounds placing strategic emphasis on nurturing early-stage projects.
The sector’s allure is further highlighted by venture capital heavyweights like Pantera Capital and Paradigm, which are actively raising capital for new cryptocurrency funds.
The crypto sector attracted US$1.02 billion in venture capital funding in April 2024 across 161 investment rounds, according to Rootdata.
This is the second consecutive month funding surpassed the billion-dollar threshold.
That brings the amount invested in crypto ventures thus far in 2024 to US$3.67 billion. Blockchain infrastructure companies alone amassed over US$1.7 billion this year.
The industry recorded over US$9 billion throughout last year.
April’s investment landscape was highlighted by notable contributions from major investors, including BlackRock’s US$47 million investment in tokenization firm Securitize.
Monad, often referred to as a “Solana killer,” attracted US$225 million, while Auradine and Berachain, operating on the Cosmos network, secured US$80 million and US$100 million, respectively.
Seed fundraising accounted for more than half of the total rounds placing strategic emphasis on nurturing early-stage projects.
The sector’s allure is further highlighted by venture capital heavyweights like Pantera Capital and Paradigm, which are actively raising capital for new cryptocurrency funds.