Funding for Web3 startups is stabilizing after a year-long decline that began in 2023. Cryptocurrency projects raised $2 billion in the second quarter of 2024, according to Crunchbase.

- The amount is slightly up from $1.8 billion in the previous quarter, but the number of transactions remains low: only 291.

- Large deals are rare: only seven exceeded $50 million.

- Monad Labs raised $225 million, representing a significant portion of the growth.

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Source: Crunchbase