Kingdom

United

2024

Billion

Cryptocurrency startup funding has surpassed $100 billion since May 2014, showcasing a decade of growth amid evolving regulations and market dynamics. 
Information from <a href="https://defillama.com/raises" target="_blank" rel="noreferrer noopener nofollow">DefiLlama</a> shows that the industry has received $101.35 billion by June 16, 2024. The records of early funding in May 2014 revealed a meager $17.14 million, which shows how the number of people affected has grown over the years. 
<div class="wp-block-image"> 
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 <img fetchpriority="high" decoding="async" width="1024" height="367" src="https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years-1024x367.png" alt="Crypto Startup Funding Hits $100 Billion in last 10 years" class="wp-image-184453" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years-1024x367.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years-800x287.png 800w, https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years-768x275.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years-860x308.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/06/Crypto-Startup-Funding-Hits-100-Billion-in-last-10-years.png 1057w" sizes="(max-width: 1024px) 100vw, 1024px">
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 Funding Chart | Source: DefliLlama
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By June 2024, funding increased to $280.25 million for the month, which is significantly higher than the levels of a decade ago but slightly below last month’s $777.11 million. 
Funding for cryptocurrency startups reached its highest level in October 2021, with more than $7 billion raised, a record no other month can claim. January 2022 ranked second with $3.67 billion, making it the second-highest funding period ever. 
Current studies from 2023 show that forty percent of all cryptocurrency investments come from the United States, followed by the United Kingdom with 7.7% and Singapore with 5.7%. 
Some major funding rounds in late 2023 and early 2024, included Together.AI and <a href="https://www.cryptotimes.io/2023/11/29/wormhole-secures-225-million-in-funding-valued-at-2-5-billion/" target="_blank" rel="noreferrer noopener">Wormhole receiving $225 million</a> each, and Totter and Eigenlayer received $101 million and $100 million, respectively. Swan Bitcoin’s $165 million raise and Blockchain. This huge investment trend was further continued by Com’s $110 million. 
These numbers show that the industry and investors are still expanding and have confidence in the cryptocurrency market and its future, despite the ongoing market and regulatory processes.

Crypto Startup Funding Tops $100 Billion Since May 2014

The Crypto Times

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