2024 Cryptocurrency Venture Capital Panorama Review: Infrastructure Project Financing Active, Fundraising Weak
In 2024, the encryption market experienced significant growth. The market capitalization of liquid cryptocurrencies reached $3.4 trillion by the end of the year, an increase of 88% year-on-year. Bitcoin's market capitalization grew by nearly $1 trillion, accounting for 62% of the total market increase. The Memecoin and AI token craze also contributed to the market, particularly showing strong performance in activities on the Solana chain.
Despite the market recovery, the encryption venture capital sector still faces challenges. Major trends such as Bitcoin, memecoins, and AI agent tokens offer limited venture capital opportunities. Fields like DeFi, gaming, the metaverse, and NFTs have not been able to attract significant new attention or capital. Infrastructure companies face increasingly fierce competition from traditional financial institutions.
Emerging trends such as stablecoins, tokenization, DeFi-TradFi integration, and the intersection of encryption AI.