April blockchain funding recap

Last month, just shy of $4.1 billion was distributed across 244 crypto/blockchain companies and projects, making it the third-highest funding month in the sector’s history. After a slight decline in funding from February to March, funding for the industry in April increased roughly 13% month over month, returning to similar levels as in February. This funding activity demonstrates that the diminishing prices of digital assets and macro-environment factors have not scared off investors, for at least the time being. 

The number of crypto-related deals occurring each month has increased for three consecutive months, with April possessing the most ever deals in a single month for the sector, where there were 244 deals. The previous high was 226, which occurred in May 2021 and March 2022.