Crypto Industry Raises More Than $1.16 Billion in March, Second Highest in Last 12 Months
More than $1.16 billion was raised in the crypto sector in March, the second-highest amount in the past 12 months, a figure that jumped 52 percent compared to February, according to data released by RootData.More than half of the investments in March were between $1 million and $5 million and were used as seed capital, while allocations of more than $20 million accounted for about 10 percent of all investments. The data shows that most of the money went into crypto infrastructure and decentralized finance (DeFi) projects, especially those built on the Ether blockchain. Other popular blockchains include Polygon and BNB Chain, with about a third of the funding allocated to projects based in the United States.
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