A new study of investments in cryptocurrencies and blockchain-related companies has found that the industry has reached a new record, with the total dollar amount increasing to $90 billion since 2017 (more than 9,500 transactions completed).
According to The Block Research, more than 50 transactions have already been completed in February 2024 alone, and a total of 230 since the beginning of the year (for a total of around $1.3 billion).
The vast majority of investments have been made in DeFi, NFT, gaming, and web3 projects. The most active participants in the transactions were Animoca Brands, Polychain Capital, Framework Ventures and Shima Capital.
In one of this month’s most notable investments, Tether partnered with Solana co-founder Anatoly Yakovenko for a $25 million Series A investment in mobile crypto payments company Oobit.
The researchers also noted that most funding announcements (aside from the aforementioned deal with Oobit) involved injections of less than $10 million, so the number of new monthly transactions remains relatively stable, but their amounts are declining and They are far behind 2021-2022 investment levels.
Author:
Ekaterina Alipova
Source: RB
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