🔥 Crypto Industry Attracts $9.33 Billion in 2024 Investments
posted 2 Jan 2025
The $9.33 billion in venture funding for 2024 slightly surpassed the $9.28 billion from 2023. December shone bright, drawing $740 million in investments, making it a standout month.
December may have seen fewer deals—just 102—but the broader picture tells a story of growth, with 1,535 projects funded in 2024. This marks a 26.1% increase over 2023, underscoring a surge of interest in promising innovations across the crypto landscape.
It’s worth noting that these figures could shift, as historical data often undergoes updates.
DeFi platforms led the way, attracting 24.4% of all deals, followed by Web3 and niche projects at 17.9%, and GameFi/NFT at 15.1%. In contrast, centralized financial services, such as traditional exchanges, drew the least investor interest.
DeFi platforms led the way, attracting 24.4% of all deals, followed by Web3 and niche projects at 17.9%, and GameFi/NFT at 15.1%. In contrast, centralized financial services, such as traditional exchanges, drew the least investor interest.
Breakdown of funded projects by sector. Source: Wu Blockchain Research.
The year’s largest deal saw U.S. giant Stripe acquiring the Bridge platform for a groundbreaking $1.1 billion, setting a new benchmark in the crypto world. Iris Energy followed, raising $413.4 million through a public stock offering.
Avalanche, Monad Labs, and Robinhood also secured substantial funding, though none exceeded $250 million.
Avalanche, Monad Labs, and Robinhood also secured substantial funding, though none exceeded $250 million.
A noteworthy entry was Farcaster, a decentralized social network that garnered $150 million from top investors, including a16z and Paradigm.
This funding elevated its valuation to $1 billion, reflecting the growing appetite for decentralized platforms with social and financial potential.
