Crypto Startup Funding Overcomes Blow-Ups to Hit $100 Billion

Crypto startups have drawn in roughly $100 billion of venture funding since the industry’s inception, after a recent pick-up in investment that coincided with a rally in Bitcoin and other major tokens.

Data collected by DeFiLlama suggest the crypto sector’s fundraising haul stands at $101 billion since 2014, while The Block Research has tallied more than $95 billion of cumulative investment starting from 2017.

Fundraising in the form of venture capital deals and token sales has been a major propellant of the crypto industry’s growth, but the billions of dollars poured into startups have produced decidedly mixed results for ...