Crypto venture capital funding hit $1 billion for the second month in a row, with 161 investments in April, up from 186 in March.
An all-time record
This represents the first time since October and November 2022 that the industry has recorded two months of financing in excess of $1 billion. Total financing for April reached $1.02 billion, down slightly from the $1.09 billion recorded in March.
Notable investments
Notable investments include a $47 million funding round led by BlackRock in real-asset tokenization firm Securitize, as well as a $225 million funding round in Monad, a new tier-one blockchain backed by Paradigm and Coinbase Ventures. The teams behind blockchain infrastructure startup Auradine and Cosmos-based top-level blockchain Berachain also received funding of $80 million and $100 million respectively.
The most financed sectors
Blockchain infrastructure companies received the most funding in 2024, with $1.7 billion, while decentralized finance protocols (DeFi) came in second, with $626 million. Decentralized autonomous organizations (DAOs) received the least funding, with just $3 million in 2024.
A promising future
More than $3.67 billion has been injected into the blockchain industry in 2024, across 604 funding rounds, which is expected to exceed the $9.3 billion recorded in 2023. More than $100 billion has now been injected into the blockchain industry across 5,195 funding rounds since June 2014, according to DeFiLlama.