Cryptocurrency venture Capital reached $1 billion for the second consecutive month this year.
According to RootData, April's $1.02 billion in funding from 161 investment rounds in April marked a slight decrease from the $1.09 billion recorded from 186 rounds in March.
However, this is the first time since October-November 2022 that the industry recorded two consecutive months of funding above $1 billion.
Among the most notable fundraising activities include a $47 million investment led by BlackRock in real-world asset tokenization company Securitize and a massive $225 million investment in Monad, a layer-block blockchain. 1 called “Solana Killer” backed by Paradigm and Coinbase Ventures.
The teams behind blockchain infrastructure startup Auradine and Cosmos -based layer-1 blockchain Berachain also received $80 million and $100 million in funding.
Blockchain infrastructure companies received the most venture Capital in 2024 with $1.7 billion, while decentralized finance protocols came in second with $626 million.
Decentralized autonomous organizations are the least funded, receiving only $3 million by 2024.
According to defillama, more than $100 billion in Capital has now flowed into the blockchain industry across 5,195 funding rounds since June 2014.
It comes as VC firms Pantera Capital and Paradigm are looking to raise $1 billion and $850 million for new crypto funds.
The $1 billion raise from Pantera Capital would be the largest for the crypto industry since May 2022, when Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) mobilized a record 4.5 billion USD.
