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Crypto startup funding eclipses 0B

Crypto startup funding eclipses $100B


Source: Coin Telegraph

The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic.

More than $100 billion has been raised for cryptocurrency startups since the end of May 2014. 

Looking back, there have been highs and lows amid regulatory uncertainty and market volatility. But the past four years have seen both the ceiling and floor raised despite continuing peaks and troughs.

Data sourced from TVL aggregator DefiLlama shows that as of June 16, 2024, the total funding recorded for the cryptocurrency industry sits at $101.35 billion. Way back in May of 2014, just five years after Bitcoin was created (and still a year out from Ethereum’s launch), the first month of cryptocurrency startup funding on record was for a comparatively paltry $17.14 million.

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Author: Tristan Greene