Blockchain encryption financing and blocs are witnessing a big boost in the first quarter thanks to Binance

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The project was funded for cryptocurrencies and blocs more than twice in the first quarter, as it seems that encryption fans are ready to embrace the mitigation regulations.

However, the total dollar numbers were severely perverted, with a significant increase of $ 2 billion by exchanging encryption with relationships with White House.

In general, the project was funded for startups in the encryption and block space – also called Web3 for our purposes here – to $ 3.8 billion in 220 transactions in the first quarter, for each crunchbase Data. The dollar figure represents a 138 % leap from the previous quarter, which saw only $ 1.6 billion goes to the start -up companies in WEB3 in 242 transactions.

It also represents about twice the amount of cash, such as startups that were raised in the first quarter of 2024.

A deeper look

However, before any large ads were released from a loud luxury recovery, a deeper look at the numbers shows that the international number was supported by one large tour.

Last month, the encrypted currency exchange Binance Huge 2 billion dollars investment From the Abu Dhabi investment company MGX. The deal is the largest individual investment in Chefir, and overcoming FTX1 billion dollars of the series B and NydigA billion US -dollar tour in 2021 – both deals that were raised during the days of the project from the project and encryption.

Put this tour aside, startups web3 raised $ 1.8 billion in the last quarter – similar to Q3 and Q4 last year and less than Q2 2024.

The flow of the deal also continues to shrink, with the Q1 vision less than half the number of deals closed during the same quarter of last year.

This does not mean that there were no big deals. It is based in San Francisco FakeThe start of the encryption wallet, raised a 150 million dollar tour led by model and Sikoya Capital It is estimated that the start of the Paris, based in Paris FlowdeskThe Codable Financial Services Company raised a commercial infrastructure building, a project tour of $ 91.8 million.

Rocky

The new White House activated the web3 environment – especially in encryption. president Donald Trump An executive order created the Bitcoin Reserve is an American strategy, and most of them expect the organization in the encryption industry to reduce it significantly under its administration.

However, this was not translated into price leaps in the market. Bitcoin decreased by 9 % in the first quarter, while the ether decreased by 43 %.

Ironically, the White House may soon have relationships with the newly funded Binance, which was admitted to being guilty of violating the anti -money laundering laws in 2023. On the same day on which it was announced that President Trump’s family may take a financial share in the company, according to the company. Wall Street Magazine. Also on the same day, I mentioned Bloomberg That Trump -related encryption bank The world is financial freedom Talks are with Binance to launch Stablecoin from the dollar.

Despite some beginnings and stop web3 in general and Crypto in particular, there appears to be a momentum for escalating. Some encryption companies appear to be ready to jump to lukewarm public subscription water. Source Stablecoin circle This week to make a offer, and etoroWhich runs a trading platform for shares, cryptocurrencies and other assets, provided for the subscription last public.

Investors are likely to see these offers closely as the web3 sector continues to rise and down.

methodology

For Web3 financing numbers, we analyze the investments that are blocked in VC startups in the Cryptocurrency and Blockchain.

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clarification: Dom Joseman