According to Wu Blockchain’s report, which cites data from Rootdata, the total number of venture capital investments surged roughly 27 percent in 2024 compared to 2023.
With growing investment from venture capitalists, 1,535 projects reported securing investment and other similar support for known investors. Wu’s report further quotes that 102 projects debuted in the market in the last month of 2024, which is around 7.4 percent up to November 2024.
It is worth noting that the number of projects in December 2024 was less than that in December 2023. In almost all contexts crypto has gained traction in the closing month of 2024, similarly, the funding raised in the month was higher than the amount collected in November 2024 but at the same time less than what was collected in December 2023.
The total gathered amount in 2024 is reported as $9.33 billion which is slightly greater than the total amount acquired by projects in 2023.
Defi is leading the way in funding and investment
The available data highlights that the decentralized sectors stand at the top of the list with 24.4 percent projects closely matched by the NFT/Games and layer 1, layer 2.
In the year 2024, ecosystems like Stripe, Iris Energy, Avalanche, and Normand with dozens of others have raised millions of dollars through different fundraising techniques.
Some major deals in the industry include Monad Labs which raised $225 million, the public information available notes that Bitstamp the known centralized exchange will be acquired by Robinhood.
Market bullishness backing surge investment and funding
From the beginning of 2024 till 31 December, the wider cryptocurrency market has achieved hundreds of milestones, with Bitcoins acquiring an all-time high of $108k, and the market capitalization of the entire market succeeded in hovering near the territory of $4 trillion, creating believes to surpass this much-awaited mark soon.
At the time of writing, the market capitalization was $3.42 trillion with an addition of 1.48 percent, BTC also showed a positive outlook with a growth of 1.20 percent at $96,611.
A number of factors, including the rising acceptance of crypto by the general public, the improvement of regulatory clarity, and the expansion of investment products and platforms, are contributing to the rise in funding and investment.
In the upcoming months and years, we may anticipate further development and innovation in the cryptocurrency industry, since the present market bullishness is fostering an environment that is conducive to finance and investment.
