The Block Research’s new report highlighted much of the impressive crypto metrics for this year — especially in blockchain and cryptocurrency financing and mergers and acquisitions (M&A).
2020 saw approximately $3.1 billion in financing volume over a span of 774 transactions, according to the report. The COVID-19 pandemic spurred a 61% decrease in Q1 and Q2 total funding, but 2020 still retained steady venture funding.
There were also eighty-three mergers and acquisitions this year, totaling $691 million in volume. That’s a 28% increase year-over-year and the highest M&A transactional volume ever. Acquisitions of CoinMarketCap, Blockfolio, and Tagomi made up about 96% of the dollar volume, according to the report, which made it the second-highest dollar volume amount.
For more insights from the 2020 market, check out The Block Research 2021 Outlook Report.