In the initial three months of this year, venture capital investments in the crypto business went through an unprecedented surge, reaching a remarkable $2 billion. Compared to the previous two years, when investments decreased down, this was an enormous shift.
Experts from Crypto Koryo brought this number to the forefront. It indicates that investments have grown by an enormous 38% since the last quarter of 2023. At the same time that this number moved upwards, the number of deals also went up sharply, by 49%, to 250.
Crypto Investment Trends Analysis
It’s important to remember that the amount of funds invested now is still seven times less than the amount invested at the all-time high (ATH), even though circumstances have improved .
Still, experts believe that the market might expand at an exponential rate because of how much it looks like the end of 2020.
During this time frame, the public discovered a number of important events. It’s worth mentioning that the number of series A deals doubled, which is higher than the growth of pre-seed rounds. Also, companies that focus on one business, like a16z, became the leaders in investment activities.
In terms of network activities, Ethereum stayed ahead, but Solana’s blockchain indicator went up significantly. The increase is believed to be due to the rising popularity of meme tokens in the Solana environment.
Additional data from CoinGecko experts revealed that in the first quarter of 2024, joke coins made the most funds. There was an enormous return on investment of 1,312% for meme coins like Brett, Book of Meme, and Cat in a Dog’s World. These coins earned first place.
By the end of the quarter, Brett’s joke coin had made the most funds, by an immense 7,727%. With a 2,721% rise since the start of the year, Dogwifhat was the next most successful.
