Cryptocurrency Startups Raise Over $100 Billion Since 2014
According to latest data from DefiLlama, total industry funding as of June 16th, 2024 is $101.35 billion, compared with $17.14 million in May 2014 five years after Bitcoin’s introduction and a year before Ethereum was founded.
Funding reached $280.25 million in May 2024 alone showing an upward growth trajectory in comparison with earlier figures but lesser than the previous month’s $777.11 million.
The highest level of cryptocurrency startup funding was in October 2021 when they managed to raise more than $7 billion followed by February 2022’s round that resulted in $3.67 billion.
According to recent researches US investors account for nearly half of all cryptocurrency investments while UK (7.7%) and Singapore (5.7%) are the next countries with large investments as of Q2, 2023.
READ MORE: Amber Group Acquires $20 Million Worth of Ethereum and Uniswap Tokens
Late last year and early this year high profile funding rounds were recorded where Together.AI and Wormhole raised $225m each; Totter raised $101m while Eigenlayer brought in $100m; Swan Bitcoin raised around $165m whilst Blockchain.com secured about $110m.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
