👀 Crypto startup funding eclipses $100B 👀
🔹More than $100B has been raised for crypto startups since the end of May 2014.
🔸Looking back, there have been highs and lows amid regulatory uncertainty and market volatility. But the past four years have seen both the ceiling and floor raised despite continuing peaks and troughs.
🔹Data sourced from @DefiLlama shows that as of June 16, 2024, the total funding recorded for the crypto industry sits at $101.35B. Back in May of 2014, just five years after Bitcoin was created (and still a year out from Ethereum’s launch), the first month of crypto startup funding on record was for a comparatively paltry $17.14M.
🔸Fast forward 10 years to May 2024, and industry funding hit $280.25M for the month — substantially higher than a decade ago but well short of the previous month’s figure of $777.11M.
🔹The largest ever month for crypto startup funding came back in October of 2021 with more than $7B raised. No other month comes close as February of 2022’s $3.67B marks the second highest on record.
🔸Research from as recent as 2023 shows that nearly half of all cryptocurrency funding comes from investors in the United States.
🔹The rest is split up between a number of countries with the United Kingdom (7.7%) and Singapore (5.7%) taking second and third place, according to figures from Q2 of 2023.