PANews reported on January 1 that Cointelegraph cited DeFi Report data, and the investment in blockchain-based startups in 2024 reached $13.6 billion, accounting for about 4.9% of the total investment in 2024 ($279 billion). These data reflect the recovery of the cryptocurrency industry since 2023, when crypto companies received $10.1 billion in venture capital funding. However, the industry is still far behind the peak in 2021, when crypto startups received $32.4 billion in funding.

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

Looking ahead, PitchBook’s forecasts indicate that the crypto space will see significant growth 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.