Crypto Fundraising Soars to $1.76B in October, Highest Since November 2023
The total amount raised in the crypto industry during October 2024 saw a significant increase of 96% month-over-month, reaching $1.76 billion.
According to Messari’s latest report, this represents the highest level of fundraising activity since November 2023.
282 Crypto Deals in October
The report shows that the deal count in October increased by 25% compared to the previous month, totaling 282 deals. Several notable funding rounds contributed to the strong performance in October, including a $525 million raise by Praxis and a $68 million round for Infinite, a multi-chain platform.
It also includes Kraken receiving grants of 25 million OP tokens, worth around $100 million when the deal was struck earlier this year,…
