This report offers an overview of the fundraising deals within the global crypto market in October 2024. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. We would be delighted to hear from you if you have any feedback.

Crypto Fundraising Global Landscape

In October, the total number of crypto fundraising deals was 102, a decrease of -0.97% from the 103 in September 2024; the total financing in October was US$1.40B, a 97.78% increase from the previous month. 10.78% of the crypto projects are in the Seed series stage. By geography, 13 projects founded in the United States of America received $660.60M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, Cayman Is., Canada, and Norway.

Crypto Fundraising Deal Count by Sector

In October, out of the 102 projects that were successfully financed, 19 of them were Web 3.0 projects, constituting 18.63% of the total projects. These projects raised US687.90M, which is 18.63% of the total funds raised that month. This amount is US$387.61M higher than the funds raised in September 2024.

Out of the 102 Web 3.0 projects, the most relevant are those related to the Gaming category, with 5 being in the Gaming category and 4 in the Social network category.

In addition to Data, Studio, Privacy and Automation, other categories of related Web 3.0 projects.

In October, a total of 35 projects involving blockchain infrastructure received $415.28M in funding, representing 29.61% of all financing.

There were 29 DeFi-related projects, making up 28.43% of all financing projects in October. The total amount of DeFi-related projects raised was $200.20M, representing 14.27% of the total financing, this was an increase of 32.28% compared to September 2024.

In October, 4 CeFi projects were funded, comprising 3.92% of the total number of financing projects. Altogether, these projects raised $47.50M, which was 3.39% of the total financing in October, representing a -36.5% decrease from September 2024.

Crypto Fundraising Deal Count by Transaction Type

The majority of raised funds for the crypto market come from Seed rounds, the total amount is $172.70M in October. The aggregate deal value of Seed for October is higher than the previous month by 125%. The biggest Seed round fundraising is $12.00M, when Opacity Network gets funding in October 2024.

Number of Investments by Investors

In October, Animoca Brands had the most investments, with a total of 9 projects, including 3 Web3, 3 Infrastructure, 2 NFTs, 1 Others, and 1 DeFi project.

Also, CMS Holdings has invested in 7 projects, with 2 of those investments going towards Others projects, 5 towards DeFi projects, and 2 towards Others projects

Top 5 Crypto Fundraising Deals In October

• Praxis($525.00M) | Praxis is the worlds first Network State: a global online community with a national consciousness, developing a shared way of life, governing institutions, and crowdfunding a physical city. — with participation from Alameda Research, Anirudh Pai, Apollo Projects, Arch Lending, Balaji Srinivasan, Bedrock Capital, Dan Romero, Day One Ventures, Fred Ehrsam, GEM Digital Limited, Joe Lonsdale, Jude Gomila, Kartik Talwar, Manifold Trading, Max Novendstern, Mert Mumtaz, NOMO Capital, Paradigm, Pronomos Capital, Richard Craib, Riva Tez, Rob Hadick, Robot Ventures, Sofreh Capital, Three Arrows Capital, Tom Schmidt, Uncommon Capital, Will Price, Winklevoss Capital
• Blockstream($210.00M) | Blockstream is the global leader in blockchain technology — with participation from Baillie Gifford, Bitfinex, DG Lab Fund, Fulgur Ventures, Fulgur Ventures, Kingsway Capital
• Infinex($67.70M) | Infinex is a decentralized perpetual futures exchange that makes it easier for traders to access decentralized perpetuals by removing friction points such as convoluted accounts controls and having to sign off on every transaction. — with participation from Anatoly Yakovenko, Anatoly Yakovenko, Breyer Capital, Founders Fund, Framework Ventures, Solana Ventures, Solana Ventures, Stani Kulechov, Stani Kulechov, Vitalik Buterin, Wintermute, Wintermute, Wormhole
• Azra Games($42.70M) | Azra Games is a blockchain games company aimed at building mainstream collectible and combat RPGs for the Web3 era — with participation from a16z crypto, Andreessen Horowitz(a16z), Andreessen Horowitz(a16z), Coinbase Ventures, Coinbase Ventures, Franklin Templeton Investments, Franklin Templeton Investments, Gabby Dizon, Justin Kan, NFX, NFX, NFX, Pantera Capital, Play Ventures, Play Ventures, Roham Gharegozlou
• Yellow Card($33.00M) | Yellow Card is the Pan-African cryptocurrency exchange that offers the safe way to buy and sell bitcoin and also send, receive and store your crypto — with participation from Alex Wilson, Block, Blockchain Capital, Blockchain Coinvestors, Blockchain.com, Cash App, Castle Island Ventures, Castle Island Ventures, Castle Island Ventures, Coinbase Ventures, DG Daiwa Ventures, Fabric Ventures, Galaxy Ventures, Hutt Capital, Jon Weiner, Pat Duffy, Polychain Capital, Polychain Capital, Polychain Capital, The Raba Partnership, Sozo Ventures, Square, Third Prime, Third Prime, Third Prime, Valar Ventures, Valar Ventures, Winklevoss Capital

* The data presented is based on information extracted from the CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.