Crypto Market Sees Decline In September 2024 Funding

According to PANews, the total funding in the cryptocurrency market for September 2024 amounted to $641 million. This represents a 9.6% decrease compared to the $709 million recorded in September 2023 and an 18.6% drop from the $788 million in August 2024. In addition, the number of funding deals in September 2024 was 101, which is a 9.8% decline from the 112 deals in August 2024. When examining the total funding by sector, the top three categories were 'Other', CeFi (Centralized Finance), and DeFi (Decentralized Finance).