-
Venture
capitalists
invested
over
52%
into
crypto
projects
in
March
versus
prior
month. -
Crypto
projects,
specifically
in
the
United
States,
received
more
than
$1.16
billion
last
month,
the
second-highest
amount
in
the
past
12
months. -
The
majority
of
capital
went
into
projects
related
to
crypto
infrastructure
and
decentralized
finance
(DeFi).
-
01:50
Crypto
Market
Leaders
and
Laggards
in
2023 -
00:52
Why
Injective’s
INJ
Has
Surged
3,000%
in
2023 -
01:11
DeFi
Market
Rebounds
to
$50B
as
Speculators
Hunt
for
Yield -
10:09
Messari
CEO
Ryan
Selkis
on
Future
of
Crypto’s
Role
in
Politics
Venture
capitalists
increased
their
investments
into
crypto
projects
by
over
52%
in
March,
spurred
by
a
new
all-time
high
for
bitcoin
and
continued
success
from
the
spot
bitcoin
exchange-traded
funds
(ETFs).
Investors
allocated
more
than
$1.16
billion
into
the
industry
in
March,
the
second-highest
amount
in
the
past
12
months,
according
to
data
released
by
RootData.
The
majority
of
the
capital
went
into
projects
working
on
crypto
infrastructure
and
decentralized
finance
(DeFi)
projects,
especially
those
built
on
the
Ethereum
blockchain,
the
data
shows.
Other
popular
blockchains
included
Polygon
and
BNB
Chain.
The
surge
in
fundraising
comes
as
bitcoin
reached
a
new
all-time
high
of
$73,798
on
March
14,
which
experts
say
was
accelerated
by
the
better-than-expected
inflows
into
the
newly
launched
spot
bitcoin
ETFs.
The
ten
ETFs,
which
include
issuers
like
BlackRock
and
Fidelity,
spurred
renewed
faith
in
the
industry
as
TradFi
leaders
once
again
voiced
their
interest
in
digital
assets.
More
than
half
of
the
investments
in
March
were
between
$1
million
and
$5
million
and
were
used
as
seed
capital,
while
allocations
of
over
$20
million
made
up
roughly
10%
of
all
investments.
Roughly
a
third
of
the
capital
was
allocated
to
projects
located
in
the
United
States,
according
to
RootData.
