In March, the financing amount in the encryption field exceeded 1.16 billion US dollars, a 52% increase from February

According to data released by RootData, the financing amount in the encryption sector exceeded $1.16 billion in March, the second highest amount in the past 12 months, a 52% increase compared to February. Data shows that the majority of funds have been invested in encryption infrastructure and decentralized finance (DeFi) projects, especially those built on the Ethereum blockchain. Other popular blockchains include Polygon and BNB Chain. Approximately one-third of the funds were allocated to projects located in the United States.