July's Blockchain Investment Surge: What’s Driving the Market?
July marked a significant surge in blockchain funding, with a 57% increase from June, reaching nearly $1.3 billion. Despite this surge in funding, deal activity remained consistent, with 205 deals recorded throughout the month.
Early-stage venture investments were particularly active, with Seed and Pre-Series A funding leading the way. The number of deals in this category rose by 35%, while the total funding amount jumped by 52%, highlighting strong investor confidence in the blockchain sector's growth potential.
Infrastructure and Web3 investments are driving the current wave of innovation, especially within Decentralized Physical Infrastructure Networks (DePIN). Notably, Artificial Intelligence (AI) emerged as the most prominent trend, accounting for over half of DePIN deals in July.
For a comprehensive overview of July '24 Blockchain Venture Funding and M&A landscape, explore the detailed report by The Block's Research Analyst, John Dantoni. Gain access to this in-depth analysis with a trial subscription to The Block Pro, your gateway to expert perspectives and cutting-edge research in the blockchain and crypto sectors.