Galaxy Research: Crypto VC market rebounded in the second quarter, and the financing environment was more active than in previous quarters

Galaxy (GLXY) Research said that the cryptocurrency venture capital market continued its rebound momentum in the second quarter of this year, and the financing environment was more active than in previous quarters. The report said that the number of venture capital transactions fell from 603 in the first quarter to 577, while investment capital increased from US$2.5 billion in the second quarter to US$3.2 billion. The median investment transaction size rose slightly to US$3.2 million, but "the median pre-investment valuation soared to a near-record high" of US$37 million, indicating that the recovery of the cryptocurrency market in recent quarters has led to "intense competition among investors and fear of missing out (FOMO)". (Coindesk)