Crypto Fundraising Q1 2024 vs Q1 2023

Investment trends have notably shifted in Q1 2024: total funding decreased by 62% year-over-year to $1,257.6 million, yet the deal volume grew by 15%, totaling 422 deals. This highlights a persisting Crypto Winter in fundraising, even as Bitcoin reached an all-time high.

Leading the investment activity were the Centralized Finance (CeFi) and Blockchain Infrastructure sectors. In CeFi, companies like HashKey Group and Figure Markets collectively raised $160 million, demonstrating robust interest in centralized financial solutions.

Meanwhile, in the Blockchain Infrastructure space, EigenLayer, a platform aimed at enhancing scalability and security across blockchain networks, and Zama collectively secured $173 million.

This substantial investment in EigenLayer underscores its critical role and the high anticipation surrounding its potential to advance blockchain infrastructure. This investment pattern emphasizes a strategic focus on reinforcing core technologies amid a challenging market.