Data Insights: Exploring Crypto Fundraises is a compilation of fundraise charts & insights by Binance Research.
Despite experiencing a downward trend in 2023, the market has shown resilience, maintaining a steady pace of deals and investments. A substantial share of this sustained growth can be attributed to gaming and infrastructure projects.
As the traditional VC share increased to 45% since the start of the year, the gap between traditional and Web3 investors has gradually narrowed. Hack VC is at the forefront among traditional VCs, diversifying its investments across sectors such as gaming and infrastructure.
For the last four quarters, infrastructure projects have been the leading recipients of funds, with a steady rise in total quarterly funding from 26% in Q4’22 to 44% in Q3’23.