Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month
For the second month in a row , crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry.
According to data from RootData , April witnessed $1.02 billion in funding spread across 161 investment rounds, slightly down from March’s $1.09 billion across 186 rounds.
Nonetheless, this marks the first time since October-November 2022 that the crypto sector has seen two consecutive months of funding surpassing $1 billion.
Key fundraises in April include a significant $47 million investment led by BlackRock into Securitize, a firm specializing in real-world asset tokenization.
Another standout was the massive $225 million investment into Monad, a new layer-1 blockchain often dubbed a “Solana killer,” backed by Paradigm and Coinbase Ventures.
Notable injections of capital also went into blockchain infrastructure startup Auradine and Cosmos-based layer-1 blockchain Berachain, receiving $80 million and $100 million, respectively.
In terms of sector distribution, blockchain infrastructure firms dominated the funding landscape in 2024, securing $1.7 billion, followed by decentralized finance protocols at $626 million.
In contrast, decentralized autonomous organizations received the least funding, with only $3 million so far this year.
The momentum in venture capital funding reflects a broader trend of growth within the blockchain industry.
With over $3.67 billion already invested across 604 funding rounds in 2024, the year is on pace to exceed the $9.3 billion raised in 2023.
Since June 2014, the blockchain industry has seen over $100 billion in funding across 5,195 rounds, according to DeFiLlama.
The surge in funding coincides with the
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