The Funding: Crypto VC Recap 2024-

Venture capitalists invested around $13.7 billion in crypto and blockchain startups in 2024, a 28% increase from the $10.7 billion deployed in 2023, according to The Block Pro's Funding Dashboard. However, funding remains far below the peaks of $33.3 billion in 2022 and $29 billion in 2021.
"It's surprising that VC funding has not sped up more quickly relative to 2023 with bitcoin up over 150% YTD [year to date]," Rob Hadick, general partner at Dragonfly, told me. "I expect that's likely because the LP [limited partner] market has continued to stay relatively muted, and most VCs do not yet have the confidence to deploy their remaining funds in earnest until they raise (or at least become comfortable they will be able to raise) new funds.