Chainfeeds Summary:
Odaily author Furu How summarized the investment and financing situation in the crypto industry in 2024, concluding that the investment and financing activities in the primary market have gradually decoupled from the overall crypto market performance, with the market being mainly driven by Bitcoin and MEME sectors, while traditional VC projects have performed poorly and can no longer be the core driving force of the market.
Source:
https://www.odaily.news/post/5200798
Author:
Furu How
Viewpoint:
Odaily: At the macro level, the crypto market witnessed many historical moments in 2024, including the launch of Bitcoin spot ETF, the launch of Ethereum spot ETF, the clarification of regulatory policies in various countries, the Federal Reserve's announcement of interest rate cuts, and the imminent return of Trump to the White House, all of which had a positive impact, leading to Bitcoin successfully breaking through the important $100,000 mark. From the internal perspective of the crypto market, MEME has become the focus of market attention, with different types of MEME at different periods becoming the driving force for market uptrends. VC projects have performed poorly, with the linear token release cycle becoming a chronic "poison" for VC projects. Under the influence of comprehensive factors, the number of primary market financing has grown significantly, but the financing amount has been more cautious. Looking back at the primary market investment and financing activities in 2024: the number of financing deals was 1,295, with a total disclosed financing amount of $9.346 billion; the AI sector has shown its potential, with a surge in the number of financing deals in Q4 2024; the largest single investment was $525 million for Praxis.
Source
