Investments in crypto start-ups reached $486 million in February, up 5.3% month-on-month.
It’s not just the price of bitcoin that is exploding at the moment. It’s also booming when it comes to investments in crypto companies. According to the specialized site Defillama, investments in the crypto ecosystem increased from $407 million in December 2023, to $460 million the following month then $486 million in February, up 5.3% over a month.
Despite the frenzied atmosphere, venture capital investments aren’t going anywhere. In the month of February alone, $387 million was directly injected into infrastructure-focused startups, with a big $100 million fundraising from Eigenlayer from the a16z fund. Eigenlayer is one of the specialists in the Ethereum blockchain, where he organizes staking. Concretely, these are ethers which deliver returns via smart contracts, once placed. A booming business. Likewise, we can cite the fundraising of 25 million dollars from Oobit, a payment start-up which attracted CMCC Global and especially Tether, at the head of the largest stablecoin on the market, USDT.
We also note great success for start-ups focused on decentralized finance (DeFi) which raised no less than 48 million dollars last month. As a reminder, DeFi is an open financial system, accessible to any user, which allows certain traditional finance operations, such as loans.
We felt that the sharp rise in the prices of cryptocurrencies is causing investments to rise again, but very selectively in the most promising sectors of the moment.
Source: https://www.bfmtv.com/crypto/ethereum/cryptomonnaies-l-envolee-des-cours-profite-aux-start-up-du-secteur_AV-202403060654.html
