According to BroadChain Financial on June 17th, as reported by Cointelegraph, the total funding for cryptocurrency projects has exceeded 100 billion US dollars since the end of May 2014. Despite facing uncertainties in regulations and market fluctuations, the funding limits in the industry have increased over the past four years.
According to DeFiLlama data as of June 16th, 2024, the total funding in the cryptocurrency industry has reached 1013.5 billion US dollars. Looking back to May 2014, the initial funding for startups in the industry was only 17.14 million US dollars.
In May 2024, ten years later, the monthly funding has increased to 2.8025 billion US dollars, which is higher than a decade ago but significantly lower than the previous month’s 7.7711 billion US dollars. In October 2021, the funding for cryptocurrency startups reached a historical monthly peak, exceeding 7 billion US dollars, with the second highest being in February 2022 at 3.67 billion US dollars.
Based on data from the second quarter of 2023, nearly half of the cryptocurrency funding comes from US 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 funding transactions occurred, including TogETHer.AI (2.25 billion US dollars), Wormhole (2.25 billion US dollars), Totter (1.01 billion US dollars), Eigenlayer (1 billion US dollars), Swan Bitcoin (1.65 billion US dollars), and Blockchain.com (1.1 billion US dollars).
