DefiLlama data shows that crypto startups have raised more than $100 billion since the end of May 2014. As of June 16, 2024, the total financing in the crypto industry was $101.35 billion. In May 2014, crypto startups raised only $17.14 million in their first month of financing. In addition, crypto startup financing peaked in October 2021, with a total of more than $7 billion raised. (Cointelegraph)