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Crypto project financing increased by 3.8% month-on-month to $1.36 billion in April
2024-05-16 07:15
Odaily News Messari released its April 2024 financing report. In April 2024, the amount of cryptocurrency project financing transactions increased by 3.8% month-on-month to US$1.36 billion, continuing an 8-month growth trend since the low point in August 2023 (US$372 million); but the number of financing transactions fell by 16.7% to only 259. Investment in the network field accounted for 37.7% of the total investment in April, and large financing projects included Monad (US$225 million in financing). It is worth noting that Bitcoin Layer2 projects surged in April, and several projects emerged from stealth mode. There was also significant financing activity in the financial and infrastructure fields, and capital was more evenly distributed across categories compared to previous months.