Investment in blockchain-based startups will reach $13.6 billion in 2024

PANews reported on January 1 that according to Cointelegraph citing DeFi Report data, investment in blockchain-based startups will reach US$13.6 billion in 2024, accounting for approximately 4.9% of the total investment in 2024 (US$279 billion). The figures reflect a recovery in the cryptocurrency industry from 2023, when crypto companies received $10.1 billion in venture capital funding. However, the industry is still far behind its peak in 2021, when crypto startups received $32.4 billion in funding.

One of the highlights of 2024 was Monad Labs raising $225 million to build a layer 1 smart contract network, after Berachain secured $100 million to support its modular blockchain development platform. Additionally, Bitcoin staking protocol Babylon raised $70 million, while tokenization platform Securitize received $47 million from BlackRock.

Looking ahead, PitchBook forecasts indicate significant growth in the crypto space in 2025, expected to attract more than $18 billion in capital. Analysts at Galaxy Research also expect the surge in venture capital activity to be driven by a combination of falling interest rates and greater regulatory clarity in the crypto space, which is expected to increase investor interest in venture capital opportunities.