🚀 Despite fewer deals, crypto fundraising is UP! 🚀

PitchBook's latest report shows a 2.5% rise in crypto fundraising, hitting $2.7B across 503 deals in Q1. While the number of deals fell 12.5%, investors are focusing on quality over quantity. 🧐

Biggest winners? Layer-1 platforms Monad ($225M), Berachain ($100M), and Bitcoin restaking platform Babylon ($70M). Plus, Farcaster and Zentry raised $150M and $140M respectively. 💰

Expect 2024 to be even bigger with a forecast of $12-$14B! 🌟

What are your thoughts on DePIN and the future of L1s and L2s? Comment below! 👇 #DeFi #Web3