In 2024, venture capital investment in cryptocurrency and blockchain startups reached approximately $13.7 billion, a 28% increase compared to last year. Although this figure looks good, it still fails to replicate the brilliance of 2021 and 2022.

Despite Bitcoin rising over 150% this year, the enthusiasm for venture capital does not seem to have warmed up correspondingly. Rob Hadick from Dragonfly points out that the limited partner market remains calm, with many investment firms taking a wait-and-see approach before raising new funds.

Notably, the early financing market performed actively in early 2024, with Pre-seed deals reaching an all-time high and seed stage financing also nearing 2021 levels. However, later-stage financing appears somewhat fatigued. 📈🤔