Research: the all-time, total amount invested in crypto and blockchain-related companies crosses $90B, with ~$1.3B invested across 230+ deals so far in 2024
RT Watson / The Block : Forums: r/CryptoCurrency and r/ethtrader Forums: r/CryptoCurrency : Crypto projects have received over $90 billion in all-time funding r/ethtrader : Crypto projects have received over $90 billion in all-time funding
Context & Ripple Effects
The funding record extends a multi-cycle arc: 2018 blockchain VC investment exceeded the prior 18 months’ total, followed by a record $6.5B global crypto VC quarter in 2021. The new cumulative measure shows that venture backing has persisted across more than one funding cycle.
The reported 2024 deal count matters alongside the dollar total: it indicates continued breadth of company formation and financing rather than a result driven solely by one disclosed transaction.
First-order effects
- Crypto and blockchain startups seeking capital gain a clearer benchmark for the size of the venture-backed ecosystem, while investors must assess opportunities against a larger existing pool of funded companies.
- More than 230 reported 2024 financings immediately expands the set of portfolio companies competing for follow-on capital, talent, users and commercial partnerships.
Second-order effects
- Later-stage investors and strategic backers are likely to place greater weight on differentiation and execution, as a broader funded cohort creates more candidates for the same follow-on rounds.
- The cumulative capital base increases pressure on adjacent service providers—such as infrastructure, custody and compliance vendors—to win business from startups that need to turn funding into operating scale.
Third-order effects
- If financing remains distributed across many deals, crypto venture capital may increasingly resemble a durable technology-investment category rather than a sequence of isolated boom-period bets.
- That durability does not ensure broad success: a larger funded base can also concentrate future value among the companies able to secure repeat financing and reach sustainable demand.
The trend: Crypto venture funding is evolving from episodic, cycle-led deployment toward a larger installed base of venture-backed companies facing selection at scale.