The investment made in the crypto/blockchain industry during the month of October exceeded $2.4 billion, according to data from CryptoRank. These good numbers are largely due to Stripe’s multimillion-dollar acquisition of Bridge. During the third quarter of the year the amount collected amounted to $2.7 billion.
LARGEST CRYPTO/BLOCKCHAIN INVESTMENTS OF THE 3RD QUARTER
Crypto and blockchain investment in October
Los $2.4 billion October means the highest point of the crypto/blockchain industry in 2024. It also represents the highest monthly investment figure for the sector since June 2022, when it exceeded $3.8 billion. Likewise, blockchain investment agreements exceed the $2 billion monthly barrier for the first time since September 2022, as reflected in the data from CryptoRank.
Overall, investment in crypto/blockchain grew more than 260% compared to the month of September, when it registered just over $672 million. In this way, a total of 109 investment agreements were closed in October, with Animoca Brands standing out as the main investor, with 11 agreements. Firms such as CMS Holdings, Andreessen Horowitz (a16z), Hack VC and Hashkey Capital also stood out as active investors.
The crypto/blockchain sectors that concluded the most agreements to receive capital in October were blockchain services (33), decentralized finance (DeFi), GameFi (13), blockchain infrastructures (11) and social platforms (11), according to CryptoRank data. The latter recorded an annual maximum collection, exceeding $578 million.
As we mentioned previously, the stablecoin platform acquisition agreement Bridgeby the payments firm Stripe, valued at $1.1 billion, was the one with the highest volume and the largest in the entire history of the industry, reflecting the impact of stablecoins in payments and financial services.
CENTRAL BANKS CONCERNED BECAUSE STABLECOINS AFFECT THEIR KEY FUNCTIONS
Featured investments
Other notable investment rounds in October are:
- Praxis: raised $525 million to build a city governed by blockchain and integrated by emerging technologies.
- Blockstream: got $210 million in a financing round led by Fulgur Ventures, which will use to develop its Bitcoin, Liquid and Lightning Network Layer 2 technologies, expand its mining operations and increase its BTC treasury.
- Azra Games: The mobile role-playing game (RPG) creation platform announced a Series A round of $42.7 million, led by Pantera Capital and with the participation of a16z Crypto. The financing is will allocate to accelerate the company’s growth and advance its various development projects, such as its flagship game, “Project Legends.”
- Yellow Card: closed a Series C round for $33 million led by Blockchain Capital, with the intention to solidify its crypto products dedicated to connecting companies in African countries with international markets.
- Glow: raised 30 million dollars in a round led by Framework Ventures and Union Square Ventures. The company opera a DePIN network of solar farms in the United States and India and uses a grant and token model built on Ethereum to incentivize renewable energy production.
Digital journalist and content writer. Techno-optimistic -with nuances-.
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