Crypto VC investments rise 26% YoY amid market fluctuations in 2024
Summary
Crypto venture capital investments increased by 26.1% in 2024, with 1,535 projects disclosed. December saw 102 projects, a 7.4% month-on-month rise but a 6.4% year-on-year decline. Total funding in December reached $740 million, a 60.9% increase from November but an 18.7% decrease from December 2023. Annual funding totaled $9.33 billion, slightly above 2023's $9.28 billion. DeFi projects led with 24.4% of total projects, followed by NFT/GameFi at 15.1%. Major funding rounds included Stripe’s $1.1 billion acquisition of Bridge and Iris Energy's $413.4 million stock issuance. Other significant deals involved Avalanche's $250 million token sale and Robinhood's planned $200 million acquisition of Bitstamp, expected to finalize in 2025.
