Cryptocurrency Projects Financing Transactions Increase by 3.8% in April 2024

According to Odaily, Messari has released its financing report for April 2024. The report reveals that the total transaction volume of cryptocurrency project financing increased by 3.8% month-on-month, reaching $1.36 billion. This marks a continuous growth trend for eight months since the low point in August 2023, when the total was $372 million. However, the number of financing transactions decreased by 16.7%, with only 259 transactions recorded. The network sector accounted for 37.7% of the total investment amount in April. Large financing projects included Monad, which raised $225 million. It is noteworthy that there was a surge in Bitcoin Layer2 projects in April, with several projects emerging from stealth mode. There was also significant financing activity in the financial and infrastructure sectors. Compared to previous months, the distribution of capital across various categories was more balanced.