2024

when

April

Decentralized Social

<ul>
 <li>This is a little decrease from March, when $1.09 billion was reported from 186 rounds.</li>
 <li>The least-funded group in 2024 was decentralized autonomous organizations.</li>
</ul>
For the second month in a row, venture capital financing for cryptocurrencies has exceeded $1 billion. According to <a href="https://www.rootdata.com/" target="_blank" rel="noopener noreferrer nofollow">RootData</a>, the total financing for April amounted to $1.02 billion, spread over 161 investment rounds. This is a little decrease from March, when $1.09 billion was reported from 186 rounds.
Two consecutive months of funding topping $1 billion have not been seen in the sector since October–November 2022. Securitize, a company that tokenizes real-world assets, received a $47 million investment led by <a href="https://thenewscrypto.com/european-banking-giant-bnp-paribas-invests-in-blackrock-bitcoin-etf/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>. Monad, a new layer-1 blockchain supported by Paradigm and Coinbase Ventures, received a colossal $225 million investment.
<h3 class="wp-block-heading" id="h-substantial-progressive-increase">Substantial Progressive Increase</h3>
Also receiving money were the developers behind layer-1 blockchain Berachain, which is built on Cosmos, and blockchain infrastructure firm Auradine, which got $100 million. The top two categories for venture capital financing in 2024 were blockchain infrastructure startups ($1.7 billion) and decentralized finance protocols ($626 million).
The least-funded group in 2024 was decentralized autonomous organizations (DAOs), which had received only $3 million so far. With 604 fundraising rounds totaling over $3.67 billion in 2024, the sector is well on its way to surpassing the $9.3 billion received in 2023.
Since June 2014, more than 100 billion dollars have been invested in the blockchain sector in 5,195 funding rounds, as reported by <a href="http://defillama.com" target="_blank" rel="noopener noreferrer nofollow">DeFiLlama</a>. Pantera Capital and Paradigm, two venture capital companies, are now seeking $1 billion and $850 million, respectively, for new crypto funds.
Pantera Capital’s $1 billion funding round would rank as the biggest for the cryptocurrency sector since May 2022, when the record-breaking $4.5 billion was raised by Silicon Valley-based venture capital company Andreessen Horowitz (<a href="https://thenewscrypto.com/andreessen-horowitz-a16z-announces-its-first-international-expansion-to-the-united-kingdom/" target="_blank" rel="noopener noreferrer nofollow">a16z</a>).
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Crypto Venture Capital Funding Sees Second Consecutive Month of $1B+

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