According to Foresight News, according to PitchBook, the total financing of crypto companies in the second quarter was US$2.7 billion, a month-on-month increase of 2.5%. The overall fundraising amount in 2024 is expected to increase by 20% or more compared with last year, but the number of transactions has dropped by 12.5%. PitchBook analyst Robert Le expects sales to reach US$12 to US$14 billion this year, compared with about US$10 billion last year. DePIN may be one of the most prominent areas in this cycle because it is attractive to non-native crypto users.