🚀 **Crypto Fundraising Up, But Deals Down: PitchBook Report Highlights Trends**

Hey crypto enthusiasts! 🌐 According to PitchBook's latest quarterly report, venture capitalists are making fewer crypto deals, but the enthusiasm remains strong. Here are the key takeaways:

- Crypto fundraising rose 2.5% to $2.7 billion across 503 deals in Q1.

- The number of deals fell by 12.5%, indicating a "flight to quality."

- Major deals: Monad ($225M), Berachain ($100M), Babylon ($70M), Farcaster ($150M), Zentry ($140M).

- Infrastructure, scaling, and financial services saw the highest fundraising volumes.

PitchBook's Robert Le predicts 2024 fundraising to rise by 20% or more, hitting $12-$14 billion. He also noted that only a few blockchains will dominate, with many becoming "zombie chains."

What do you think about the future of crypto fundraising? Share your thoughts in the comments! 💬