Pro
FundraisingLayer-1Layer-2DePINDeFiStablecoinsCentralized Exchanges

April 2024 Crypto Fundraising Report

Patryk KrasnickiMay 15, 2024 ⋅ 21 min read

Key Insights

  • Deal volume increased 3.8% MoM, rising to $1.36 billion and continuing a long-term uptrend. However, the number of deals fell 16.7% MoM, dropping to 259.
  • Networks dominated, accounting for 37.7% of fundraising volume.
  • The most notable deals included Monad ($225 million), Berachain ($100 million), Auradine ($80 million), IoTeX ($50 million), and Movement Labs ($38 million).
  • Multiple Bitcoin Layer-2s were revealed from stealth or raised funds, including Mezo ($25 million), Alpen Labs ($10.6 million), Merlin Chain (Undisclosed), and Zulu Network ($3 million).

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Patryk Krasnicki

27 ReportsSolofunk

During his 3.5-year tenure at Messari, Patryk contributed across Messari's Diligence, Protocol, and Enterprise research teams. As Research Manager, his primary focus was on Layer-1 and Layer-2 infrastructure and the DeFi ecosystems atop them.

Mentioned Assets
Outline
  • Key Insights
  • Early-Stage Deal Trends
  • Networks Sector
  • Infrastructure Sector
  • Financial Sector
  • Concluding Thoughts
Author
Patryk Krasnicki
During his 3.5-year tenure at Messari, Patryk contributed across Messari's Diligence, Protocol, and Enterprise research teams. As Research Manager, his primary focus was on Layer-1 and Layer-2 infrastructure and the DeFi ecosystems atop them.
27 ReportsSolofunk
Mentioned Assets