According to Odaily Planet Daily, Pitchbook analyst Robert Le said that the recovery of publicly traded tokens and the continued increase in institutional adoption will drive an increase in venture capital. He added that competition for investment rounds is very fierce, especially in the early stages. Early-stage transactions are valued higher than late-stage transactions, and we will observe whether this trend will continue in the coming quarters. He expects that as the market matures, mergers in the crypto industry will increase later this year, especially among cryptocurrency exchanges, custodians, and infrastructure providers.
Earlier news, according to PitchBook data, in the first quarter of 2024, cryptocurrency financing increased significantly, and start-ups raised $2.4 billion in 518 transactions. This means that compared with the previous quarter, investment capital increased by 40.3% and transaction volume increased by 44.7%.
