Blockchain Funding Reaches Six-Month High In November

The blockchain industry experienced a remarkable resurgence in venture funding last month, likely reignited by investor interest in the market.

A Surge in Venture Funding

The sector saw a 99% increase in venture funding, with $1.1 billion invested across 132 deals. This influx represents a six-month high, closely tied to the performance of digital assets.

Infrastructure Funding Bounces Back

Blockchain infrastructure funding is rebounding after three months, with a 32% increase in deals and a 368% monthly rise in investment, from $90 million to $421 million. Focus is on Layer-2 solutions and Rollup as a Service (RaaS) startups, with investors betting on the future of crypto networks being centered around application-specific rollups or appchains.

2023 Outlook

Looking ahead, the projected blockchain funding for 2023 is estimated at around $10.6 billion across 1,749 funding rounds. While this represents a 68% decrease from the previous year, a surge in funding is expected in Q4, aligning with recent trends in the price of crypto assets.

For more on private markets and M&A activity, take a look at a new report from our Research Analyst, John Dantoni , with a trial subscription to The Block Pro .