April’s crypto funding surge reflects investor confidence, with $1.02 billion invested in blockchain ventures.
The crypto sector attracted US$1.02 billion in venture capital funding in April 2024 across 161 investment rounds, according to Rootdata.
This is the second consecutive month funding surpassed the billion-dollar threshold.
That brings the amount invested in crypto ventures thus far in 2024 to US$3.67 billion. Blockchain infrastructure companies alone amassed over US$1.7 billion this year.
The industry recorded over US$9 billion throughout last year.