[Data: Since 2014, the total amount of funds raised in the crypto industry has reached $101 billion] Golden Finance reported that data collected by DeFiLlama showed that since 2014, the total amount of funds raised in the crypto industry has reached $101 billion, and The Block Research has counted more than $95 billion in cumulative investment since 2017. Funds raised in the form of venture capital transactions and token sales have been the main driving force for the growth of the crypto industry, but the billions of dollars invested in start-ups have brought mixed results to investors. Paul Veradittakit, managing partner of Pantera Capital, a cryptocurrency investment company with an asset size of $4.7 billion, said that traditional exits in the form of milestone acquisitions and public listings "certainly take longer than expected in traditional venture capital." He added that Coinbase Global Inc.'s direct listing on the Nasdaq during the last cryptocurrency bull market in 2021, raising $86 billion, was a notable exception, but overall, exits were rare and mainly limited to a small number of trading sales.