Cryptocurrency industry’s cumulative financing in the past decade has exceeded $100 billion

Odaily Odaily News Crypto startups have raised more than $100 billion since the end of May 2014. Despite the ups and downs caused by regulatory uncertainty and market volatility, the upper and lower limits of industry financing have increased in the past four years. According to DefiLlama data, as of June 16, 2024, the total financing amount of the cryptocurrency industry reached $101.35 billion. Back to May 2014, the first month of financing for industry startups was only $17.14 million. Ten years later, in May 2024, the monthly financing amount increased to $280.25 million, which was higher than ten years ago, but far lower than the $777.11 million in the previous month. In October 2021, the financing amount of cryptocurrency startups reached a historical monthly financing high of more than $7 billion, with the second highest being $3.67 billion in February 2022. According to data from the second quarter of 2023, nearly half of the cryptocurrency funds came from US investors, and the rest were distributed in multiple countries, with the United Kingdom (7.7%) and Singapore (5.7%) ranking second and third respectively. A series of high-value financing transactions occurred between the end of 2023 and the first half of 2024, including Together.AI ($225 million), Wormhole ($225 million), Totter ($101 million), Eigenlayer ($100 million), Swan Bitcoin ($165 million) and Blockchain.com ($110 million). (Cointelegraph)