According to a report by Wu Blockchain, citing statistics from RootData, crypto venture capital investments increased by 26.1% year-on-year in 2024, with 1,535 projects going public.
The report revealed a total of 102 publicly traded crypto VC investment projects in December, reflecting a 7.4% month-on-month increase from 95 projects in November. However, when compared to the 109 projects in December 2023, it was down 6.4% from the previous year.
Total funding reached $740 million in December, a 60.9% month-over-month increase from November's $460 million, but an 18.7% year-over-year decrease from December 2023's $910 million. .
The amount of disclosed funds for the full year was $9.33 billion, slightly 0.5% higher than the $9.28 billion in 2023.
Sector breakdown
By sector, DeFi was the most popular at 24.4% of total projects, followed by NFT/GameFi at 15.1%, Layer 1 and Layer 2 solutions at 11%, and Artificial Intelligence (AI) projects at 9.6%.
Centralized Finance (CeFi) accounted for 5.7%, while Real World Assets (RWA) and Decentralized Physical Infrastructure (DePIN) projects accounted for 8.8%. Tools and wallet infrastructure accounted for 7.3% of the total.
Among the largest funding rounds of 2024, Stripe’s $1.1 billion acquisition of Bridge in October stood out as the largest in the cryptocurrency industry.
Australian crypto mining company Iris Energy raised $413.4 million through a share issue in the first half of this year, while Avalanche raised $250 million in December through a token sale led by Galaxy Digital, Dragonfly and Parafi Capital. Secured $1,000.
Other sales
Monad Labs raised $225 million in April to develop layer 1 blockchain compatible with Ethereum virtual machine, Blockstream raised $210 million in October to expand layer 2 technology secured the dollar.
Meanwhile, Robinhood announced plans to acquire cryptocurrency exchange Bitstamp for $200 million, which is expected to be completed in the first half of 2025.
Other notable deals include Bitfarms' $175 million acquisition of Stronghold Digital, CleanSpark's $155 million merger with GRIID Infrastructure, and Hut 8's $150 million commitment to AI infrastructure development. Includes a strategic investment of $1 million.
Additionally, decentralized social protocol Farcaster raised $150 million in May, pushing its valuation to $1 billion.
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