BroadChain Financial News has learned that on June 17th, according to Cointelegraph, the total fundraising for cryptocurrency projects has exceeded $100 billion since the end of May 2014. Despite facing regulatory uncertainties and market fluctuations, the industry’s fundraising limits have increased over the past four years.
According to DeFiLlama data, as of June 16, 2024, the total fundraising in the cryptocurrency industry has reached $1,013.5 billion. Looking back to May 2014, the initial monthly fundraising for industry startups was only $17.14 million. Ten years later, in May 2024, the monthly fundraising increased to $280.25 million, higher than a decade ago but significantly lower than the previous month’s $777.11 million.
In October 2021, cryptocurrency startups reached a historic monthly fundraising peak of over $7 billion, with the second highest being $36.7 billion in February 2022. According to data from the second quarter of 2023, nearly half of cryptocurrency funds come from American investors, with the remaining funds spread across multiple countries, with the UK (7.7%) and Singapore (5.7%) ranking second and third, respectively.
During the end of 2023 and the first half of 2024, a series of high-value fundraising transactions occurred, including TogETHer.AI ($225 million), Wormhole ($225 million), Totter ($101 million), Eigenlayer ($100 million), Swan Bitcoin ($165 million), and Blockchain.com ($110 million), among others.