Odaily News According to a recent report from Messari, total funding in the crypto industry increased 96% month-on-month to $1.76 billion in October 2024, the highest since November 2023. The report shows that the number of transactions in October increased 25% from the previous month, totaling 282 transactions. Several large rounds contributed to October's strong performance, including Praxis's $525 million financing and multi-chain platform Infinite's $68 million financing. It also includes Kraken's 25 million OP grant from the Optimism Foundation, which was worth about $100 million when the deal was reached earlier this year. This is part of Kraken's plan to launch a Layer 2 called Ink using the Optimism blockchain's OP Stack framework. Other notable transactions include Azure Games' $43 million financing and cryptocurrency trading platform Yellow Card's $33 million financing. In October 2024, early-stage financing in the crypto industry increased 18% month-on-month to $396 million. In addition, the number of transactions for this particular group was 72, an increase of about 13% compared to the previous month. This includes Azra Games' $43 million financing, Nillion Network's $25 million financing, and DeFi project Citrea's $14 million financing. This month, the amount of cryptocurrency financing in the financial sector fell by about 2% month-on-month to $259 million, and the number of transactions increased by 23% to 92. The amount of financing in the infrastructure sector increased significantly, up 73% month-on-month to $92 million, and the number of transactions decreased by 8% to 24.