Cryptocurrency market financing totaled $1.02 billion in April, involving 161 financings

BlockBeats news, May 6, according to Cointelegraph, the total financing of the crypto market in April reached 1.02 billion US dollars, involving 161 financings, a slight decrease from the 186 investments in March with a total of 1.09 billion US dollars.

But cryptocurrency venture capital exceeded $1 billion for the second consecutive month this year, the first time in the industry since the end of 2022.

The most notable financings include a $47 million investment led by BlackRock in asset tokenization company Securitize, and a huge investment of $225 million in the "Solana killer" Layer1 blockchain Monad, backed by Paradigm and Coinbase Ventures.

In addition, the teams of blockchain infrastructure startup Auradine and Cosmos-based Layer1 blockchain Berachain also received $80 million and $100 million in funding, respectively.