In November 2021, there was a notable peak in funding, reaching $7.079 billion. This increase coincided with a bull run in the crypto market.<\/p>\n
Subsequently, the funding has seen a significant drop, with a few instances of notable spikes in March 2022 and May 2022, reaching $3.6 billion and $3 billion respectively. EOS, a blockchain platform for decentralized applications, set a fundraising precedent in 2018 with an enormous effort that led to $1 billion in funding.<\/p>\n
Three additional rounds of funding have also contributed to this amount. On January 23, 2022, a strategic private sale took place to provide funding to back-stop the TerraUSD (UST) stablecoin, with notable investors such as 3AC, Jump Crypto, Tribe Capital, and GSR participating.<\/p>\n
In 2021, a private equity round on June 14 saw significant investment from WestCap, FinTech Collective, Bessemer Venture Partners, New York Life Insurance, and Affirm. Figure, a major player utilizing blockchain for financial services, raised $1 billion through debt financing on May 10, 2019, with investors including Jefferies and WSFS Bank.<\/p>\n
The monthly funding peaked at $1.019 billion in March of this year, coinciding with Bitcoin’s new all-time high above $73,000. However, monthly funding has been on the decline since the March peak, in line with the broader downward trend in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"
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