So far this year, there have been more than 90 Bitcoin ecosystem-related financing transactions, setting a record for the highest number of transactions in a single year

Odaily News The Block Pro monitoring data shows that there have been more than 90 financing transactions related to the Bitcoin ecosystem so far in 2024, setting a record for the highest number of financing records in a single year in Bitcoin history. Kyle Samani, managing partner of Multicoin Capital, pointed out that with the emergence of Bitcoin Taproot upgrade and Ordinals protocol, the Bitcoin ecosystem is experiencing a "developer renaissance". For some developers, building financial instruments on Bitcoin is more attractive because it is the oldest and most secure blockchain. The Block found that Multicoin Capital's investment trend is shifting from Solana to the Bitcoin ecosystem. The venture capital firm has invested in projects such as Solana Labs and StarkWare, but recently participated in the Bitcoin native music platform Arch Network and the Bitcoin expansion network Mezo.