Review of Primary Market Performance in 2024: A Comprehensive Analysis of Investment and Financing Trends
The year 2024 has been an eventful one for the cryptocurrency and blockchain investment and financing market. With a total of 1,259 investment and financing events disclosed, the market saw a total capital scale of over US$9.3 billion. This performance is quite similar to the previous year, indicating a stable trend in the market over the past two years.
The year started strong, with peak financing in March exceeding $1.03 billion, the only month to cross the billion-dollar mark. The market then experienced a lull from June to September before picking up momentum again in the fourth quarter, with October seeing the best performance of the year.
The market was divided into eight tracks, including DeFi, Web3 games, infrastructure and tools, AI, DePIN, centralized finance, consumer, and others. Infrastructure and tools emerged as the most favored track by capital, with the highest number and amount of investment and financing transactions.
DeFi also had a strong showing, with significant financing in February and May. Web3 games, on the other hand, saw a quieter year compared to the booming 2022. The combination of Web3 and AI proved to be a promising direction for startups, with rapid growth in the AI track throughout the year.
Other tracks like DePIN, centralized finance, consumer applications, and others also saw notable activity in the market. Investment institutions also played a significant role, with 47 crypto investment funds launched in 2024, raising a total of US$4.34 billion.
Overall, the primary market performance in 2024 provides valuable insights for investors looking to navigate the cryptocurrency and blockchain space. With a diverse range of projects and tracks showing promise, the market continues to evolve and offer opportunities for growth and innovation.
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