February blockchain funding recap

Last month, nearly $4.1 billion was distributed across 202 crypto/blockchain companies and projects, making it the second-highest funding month in the sector's history. With one month remaining in Q1, the sector is on pace to have a fifth consecutive quarter of historic levels of capital allocation by private investors. The number of deals is also anticipated to increase for a third consecutive quarter. 

Compared to January, funding in dollar terms declined by nearly 16%. However, last month's drop-off in financing can largely be attributed to later-stage funding, as the number of total rounds increased from 196 to 202.