Cryptocurrency industry’s cumulative financing in the past decade has exceeded $100 billion

Odaily News Crypto startups have raised more than $100 billion since the end of May 2014. Despite the ups and downs of regulatory uncertainty and market volatility, the industry has seen an increase in both the upper and lower limits of funding in the past four years. According to DefiLlama data, as of June 16, 2024, the total funding amount of the cryptocurrency industry reached $101.35 billion. Back in May 2014, the industry startups raised only $17.14 million in the first month. Ten years later, in May 2024, the monthly funding amount increased to $280.25 million, which is higher than ten years ago, but far lower than the $777.11 million in the previous month. In October 2021, the amount of funding raised by cryptocurrency startups reached an all-time monthly high of more than $7 billion, with the second highest being $3.67 billion in February 2022. According to data from the second quarter of 2023, nearly half of the cryptocurrency funds came from US investors, and the rest were distributed in multiple countries, with the United Kingdom (7.7%) and Singapore (5.7%) ranking second and third respectively. A series of high-value financing transactions occurred between the end of 2023 and the first half of 2024, including Together.AI ($225 million), Wormhole ($225 million), Totter ($101 million), Eigenlayer ($100 million), Swan Bitcoin ($165 million) and Blockchain.com ($110 million). (Cointelegraph)