Galaxy Digital: Crypto and Blockchain Firm Received $3.19 billion in Venture Capital in Q2 This Year

On July 3rd, Galaxy Digital reported that the crypto venture capital market continued to pick up in the second quarter of 2024. Web3, Layer 1 and Bitcoin Layer 2 were the most notable investment categories this quarter. Crypto and blockchain companies received $3.19 billion in venture capital in the second quarter, a slight increase from Quarter 1's $3.16 billion. The median deal rose from $3 million to $3.20 million, and the estimated value jumped from $19 million to $37 million. There were 739 crypto venture capital deals in the second quarter, an increase of 8% from Quarter 1. The Web3 space attracted $495.50 million in investment, including a $150 million funding round from Web3 social media platform Farcaster. Layer 1 raised $371 million, while the Bitcoin Layer 2 project received $94.60 million, an increase of 174% year over year.