Crypto:
30188
Bitcoin:
$69.817
% 4.53
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 69.817
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Cryptocurrency Investment Boom Continues: $1 Billion in April

Cryptocurrency

According to Rootdata, the cryptocurrency industry received a total of 161 investment rounds in April 2024, bringing in a total of $1.02 billion in venture capital investments.

This marks the second month in a row that funding has reached the one billion dollar benchmark. At this point in 2024, the total amount of money that has been invested in cryptocurrency ventures amounts to $3.67 billion. As of this year, blockchain infrastructure businesses alone had generated more than $1.7 billion in revenue.

During the course of the previous year, the sector brought in more than nine billion dollars.

Prominent contributions from large investors, such as BlackRock’s investment of US$47 million in tokenization business Securitize, were among the prominent donations that highlighted the investment landscape in April.

Monad, which is sometimes referred to as a “Solana killer,” was able to obtain 225 million dollars, while Auradine and Berachain, both of which operate on the Cosmos network, were able to secure 80 million dollars and 100 million dollars, respectively. With a strategic emphasis on the development of early-stage ventures, seed fundraising accounted for more than half of the overall rounds of funding.

Moreover, venture capital heavyweights such as Pantera Capital and Paradigm, which are aggressively raising cash for new cryptocurrency funds, are highlighting the sector’s attraction even further thanks to their efforts.

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