TLDR:
- Venture capital firms invested a record $485 million in crypto startups in February 2024.
- Infrastructure projects received the bulk of funding, with a16z leading with a $100 million investment in EigenLayer.
According to DefiLlama data, VC firms poured a record $485 million into crypto startups in February 2024, marking a 5.3% increase from the previous month. Infrastructure projects dominated the funding, with a16z leading the pack by investing $100 million in EigenLayer through a private funding round. Liquid stacking platform EtherFi and payments startup Oobit also secured significant investments. DeFi startups received over $48 million in funding, with Superform Labs and Omega among the beneficiaries. Web3 companies and gaming startups also saw substantial investments last month, further emphasizing the growing interest of VCs in the crypto space.
