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<ul class="wp-block-list">
 <li>Crypto startups secured $2.7 billion in venture capital funding in Q2 2024, as per the recent data from Pitchbook.&nbsp;</li>
 <li>The report notes Babylon, a Bitcoin staking platform, raised $70 million in an early-stage round.&nbsp;</li>
 <li>The global crypto market capitalization is $2.10 trillion, resulting in a mild decline of 0.71%.&nbsp;</li>
</ul>
Over the past few years, the budding cryptocurrency-based infrastructure has seen a whooping injection of funds. As per the available data, there are over&nbsp; 25k listed crypto projects in the broader market.&nbsp;
As per the data of Pitchbook, crypto startups secured $2.7 billion in venture capital funding in Q2 2024, with investors actively pouring more money into fewer deals, resulting in a 2.5% increase in funding compared to the previous quarter, despite a 12.5% drop in the total number of deals.&nbsp;
Pitchbook’s data notes that investors are increasingly bullish on crypto, as evidenced by their targeted investments in projects that secured significant funding. Investors actively focused on and funneled more money into several promising projects, indicating a growing confidence in the crypto market. Infrastructures Secure More Funding Than Gaming 
Infrastructure projects took the lead in Q2 funding, with Monad, a layer-1 platform, raising a whopping $225 million in a Series A funding round. BeraChain, a DeFi protocol, secured $100 million in a Series B round.&nbsp;
Babylon, a <a href="https://news.todayq.com/court-approves-12-7b-payout-to-ftx-creditors-in-bankruptcy-case/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin </a>staking platform, raised $70 million in an early-stage round, demonstrating significant investor interest.
The report highlighted that investors are now fiercely competing to back crypto startups at earlier fundraising stages, but this competition noticeably dwindles at later stages.
Shuyao Kong, the co-founder of MegaETH, successfully secured $20 million in seed funding in June. Kong attributed this success to the market’s ongoing demand for high-performance blockchains, stating that investors remain “hungry” for such solutions.
<a href="https://news.todayq.com/celsius-shake-down-lawsuit-tether-pledges-to-fight-back/" target="_blank" rel="noopener noreferrer nofollow">Venture capitalists</a> (VCs) are shifting their focus away from infrastructure investments, citing growing fatigue in this space.&nbsp;
Instead, VCs actively seek application opportunities, as evidenced by Farcaster’s $150 million investment in May. It is a social media platform and was the sole company in the “crypto application” space to secure a significant investment during that month. Crypto Market Price Alert 
CoinMarketCap’s fear and greed meter currently reads 50, indicating that investors are neutral in the market. Meanwhile, the global crypto market capitalization is $2.10 trillion, resulting in a mild decline of 0.71%.&nbsp;
Sui (SUI) leads the intraday gainers’ list, with investors driving its price up by 14.46% to $1.03. Helium (HNT), Aave (AAVE), Aptos (APT), and Lido (LIDO) follow closely behind.&nbsp;
On the other hand, investors actively sold off MANTRA (OM), causing its price to plummet by over 8.60% to $0.9574 in the past 24 hours.

Crypto Funding Surges: $2.7B Invested in Q2, Infrastructure Leads

Todayq News

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