Crypto Fundraising Soars to $1.76B in October, Highest Since November 2023
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 09 2024Significant Increase in Crypto Fundraising: In October 2024, the crypto industry raised $1.76 billion, marking a 96% increase from the previous month and the highest fundraising activity since November 2023, with 282 deals completed.
Diverse Funding Across Sectors: Notable funding rounds included Praxis's $525 million raise and Kraken's $100 million grant from the Optimism Foundation, while early-stage deal volume grew by 18%, highlighting strong investment interest across various crypto sectors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
