Declining interest rates and increased regulatory clarity are expected to fuel a surge in venture capital investment in crypto startups over the next 12 months.
Venture capital funding into blockchain-based startups reached $13.6 billion in 2024, according to data from the DeFi Report. This amount represents 4.9% of the total $279 billion in venture capital investments for the year.
The figures reflect a recovery from 2023 when crypto firms received $10.1 billion in VC funding. However, the industry is still far behind its 2021 peak, when crypto startups secured $32.4 billion.
Among 2024’s highlights, Monad Labs raised $225 million to build a layer-1 smart contract network after Berachain secured $100 million to support its modular blockchain development platform. In addition, the Bitcoin staking protocol Babylon raised $70 million, while the tokenization platform Securitize received $ 47 million from BlackRock.
