DeFi
Infrastructure and DeFi sectors dominate » The Merkle News
THE crypto The fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising over $3.563 billion.
This figure represents an increase from 469 projects in the previous quarter, reflecting growing investor interest. It is worth noting that 141 projects did not disclose the amounts raised.
Top fundraisers and sector distribution
The infrastructure sector led in terms of total fundraising ($1.59 billion) and number of projects (158), with Monad securing the highest single amount at $225 million, followed closely by Bitstamp at $200 million. The DeFi sector also performed well, ranking second in terms of total fundraising and number of projects.
Financing rounds and investment types
The undisclosed funding round was the most lucrative, with $841 million, followed by Series A funding rounds with $698 million. In terms of the number of investments, seed rounds led with 143 projects, followed by undisclosed funding rounds with 137 projects.
Specific sector information
The infrastructure sector featured some of the most well-known projects, including Monad, Aethir, Berachain, Optimism, and Auradine. The DeFi sector saw significant contributions from sub-sectors like staking (26%), real-world assets (RWA) (13%), decentralized exchanges (DEX) (12%), derivatives (10%), and prediction markets (9%).
Blockchain services also attracted substantial investments, particularly in cloud services (30%) and mining (30%), with other areas such as security and privacy (7%), decentralized physical infrastructure networks (DePIN) (6%), data services (5%), AI (4%) and RWA (3%) gaining attention.
Quarterly Fundraising Report | Q2 2024
The crypto fundraising landscape sees participation from around 521 projects, totaling over $3.5 billion
Let’s find out the investment trends and stories that are captivating investor and VC money flows lately.
(1/15) pic.twitter.com/mBtNdMlLlI
— Coin98 Analytics (@Coin98Analytics) July 13, 2024
Amounts collected
The majority of projects raised between $3 million and $10 million (155 rounds), followed by those with undisclosed amounts (141 rounds) and those raising between $1 million and $3 million (112 rounds).
Summary
The Q2 2024 fundraising highlights the clear focus of investors towards the infrastructure, DeFi and blockchain services sectors. Key areas of interest include Layer 1/2 solutions, AI, DePIN and staking-related projects. This trend indicates a preference for projects with real-world applications that drive mass adoption or generate returns for users through staking activities.
Disclosure: This is not trading or investment advice. Always do your research before purchasing cryptocurrency or investing in any service.
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