Q2 2024 Crypto Fundraising Report: Infrastructure and DeFi Sectors Dominate

The crypto fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising over $3.563 billion.

This represents an increase from the previous quarter’s 469 projects, highlighting growing investor interest. Notably, 141 projects did not disclose their raised amounts.

Top Fundraisers and Sector Breakdown

The Infrastructure sector led in both total funds raised ($1.59 billion) and the number of projects (158), with Monad securing the highest single amount at $225 million, followed closely by Bitstamp with $200 million. The DeFi sector also showed strong performance, ranking second in both total amount raised and number of projects.

Fundraising Rounds and Investment Types

The Undisclosed Round was the most lucrative, raising $841 million, followed by Series A rounds with $698 million. In terms of the number of investments, Seed Rounds led with 143 projects, followed by Undisclosed Rounds with 137 projects.

Sector-Specific Insights

The Infrastructure sector featured some of the most recognizable projects, including Monad, Aethir, Berachain, Optimism, and Auradine. The DeFi sector saw significant contributions from sub-sectors like Staking (26%), Real World Assets (RWA) (13%), Decentralized Exchanges (DEX) (12%), Derivatives (10%), and Prediction Markets (9%).

Blockchain Services also attracted substantial investment, particularly in Cloud Services (30%) and Mining (30%), with other areas like Security & Privacy (7%), Decentralized Physical Infrastructure Networks (DePIN) (6%), Data Services (5%), AI (4%), and RWA (3%) gaining attention.

Fundraising Amounts

The majority of projects raised between $3 million and $10 million (155 rounds), followed by those with undisclosed amounts (141 rounds), and those raising between $1 million and $3 million (112 rounds).

Summary

Q2 2024’s fundraising highlights a clear investor focus on Infrastructure, DeFi, and Blockchain Services sectors. Key areas of interest include Layer 1/2 solutions, AI, DePIN, and staking-related projects. This trend indicates a preference for projects with real-world applications that drive mass adoption or generate user yields through staking activities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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