Cryptocurrency companies provided $1.2 billion in financing last month, an increase of 179% compared to the previous month.
According to RootData statistics, 92 publicly traded projects in the cryptocurrency sector raised venture capital last month. This issue is in October 2023 from 76 Even though it is more, in November 2022 of 111 issues still low.
These projects total throughout the month. $1.2 billion collected. Compared to this in October 2023 $430 million; in November 2022 $630 million gathered.
Among the prominent projects was Abu Dhabi-based Bitcoin mining company Phoenix Group. Phoenix, with its IPO $370 million announced that he collected
Cross-chain protocol Wormhole raised $225 million at a valuation of $2.5 billion, and crypto exchange Blockchain.com raised $110 million as part of its Series E investment.
Approximately 30% of the financing provided throughout the month was transferred to infrastructure, 13% to DeFi, 8% to CeFi, and 7% to NFT/GameFi projects.