Messari releases April 2024 funding report.
In April 2024, cryptocurrency project financing transaction volume increased by 3.8% month-on-month to $1.36 billion, continuing an eight-month growth trend since the August 2023 low ($372 million);
But the number of financing deals fell 16.7% to just 259.
Investment in the network sector accounted for 37.7% of total investment in April, with large financing projects including Monad (financing $225 million).
It is worth noting that April saw a surge in Bitcoin Layer 2 projects, with multiple projects emerging from stealth mode.
Significant financing activity was also seen in the financial and infrastructure sectors, with capital more evenly distributed across categories than in previous months