Analysis of Recent Crypto VC Investments
According to RootData statistics, there were 153 publicly disclosed Crypto VC investment projects in May. This marked a decrease of 8.9% compared to April 2024 and an increase of 43% from May 2023. It is important to note that not all fundraisings are announced within the same month, so the total projects may increase in the future.
Breakdown by Sector:
- CeFi: ~3.9%
- DeFi: ~23.5%
- NFT/GameFi: ~17.6%
- L1/L2: ~11.8%
- RWA/DePIN: ~11.1%
- Tool/Wallet: ~5.9%
- AI: ~3.3%
The total fundraising amount in May was $990 million, showing a decrease of 3.9% from April 2024 and an increase of 26.9% from May 2023.
Top 10 Fundraising Rounds:
- Social protocol Farcaster completed a $150 million financing round led by Paradigm.
- Bitdeer signed a $150 million subscription agreement with Tether for data center expansion.
- Babylon, a Bitcoin staking-focused startup, raised $70 million.
- RWA company Securitize secured a $47 million strategic financing round led by BlackRock.
- Polymarket, a decentralized betting protocol, raised $45 million.
- Humanity Protocol completed a $30 million financing round.
- Arbelos, a decentralized derivatives trading platform, secured $28 million.
- DePIN protocol Peaq raised $20 million through CoinList.
- Crypto startup Lagrange completed a $13.2 million seed round.
- Cross-chain liquidity aggregator Chainge Finance received a $13 million investment.
These investments reflect the ongoing growth and diversity in the crypto industry, showcasing significant funding and interest in various sectors.
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