For the second month in a row, venture capital investment in the cryptocurrency sector has exceeded $1 billion, indicating the market’s continuous expansion. April saw a total of $1.02 billion raised over 161 investment rounds, somewhat less than the previous month’s $1.09 billion from 186 deals. This achievement is a significant milestone, matching the highs achieved in October-November 2022.
This accomplishment was made possible by notable fundraising efforts. Securitize, a real-world asset tokenization company, has received a $47 million investment headed by BlackRock. Monad, called the “Solana killer,” got a massive $225 million from Paradigm and Coinbase Ventures. Auradine, a blockchain infrastructure firm, won $80 million, while Berachain, a Cosmos-based layer-1 blockchain, received $100 million.
Blockchain infrastructure firms emerged as top recipients, garnering $1.7 billion in venture capital funding in 2024. Decentralized finance protocols followed closely with $626 million. Conversely, decentralized autonomous organizations received a mere $3 million this year.
Read more: coinedition.com
