Since May 2014, the total amount of funding for cryptocurrencycurrency startups has exceeded $100 billion, demonstrating ten years of development despite changing laws and market conditions.
According to data from TVL aggregator DefiLlama, by June 16, 2024, the industry will have received $101.35 billion. The little amount of $17.14 million found in the records of the initial grant in May 2014 illustrates how the number of individuals impacted has increased over time.
With more than $7 billion raised, October 2021 saw the highest level of funding for cryptocurrencycurrency startups a record no other month can match. With $3.67 billion, January 2022 came in second, making it the second-highest financing month ever.
Funding reached $280.25 million in June 2024, a considerable rise over the previous ten years but a little less than the $777.11 million in May.
According to recent estimates from 2023, the United States accounts for 40% of all cryptocurrencycurrency investments, with the United Kingdom coming in second with 7.7% and Singapore coming in third with 5.7%.
Notwithstanding the current market and regulatory procedures, these figures demonstrate that the sector and investors are still growing and have faith in the bitcoin market and its future.
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