The year 2024 reportedly played a noteworthy role in shaping the crypto market with many prominent fundraising events. As per the data from Phoenix Group, the projects like Bridge, Rubmle, Avalanche, and MONAD led the market with substantial fundraising amounts. The on-chain analytics provider shared the list of these events on its X account.
Bridge Dominates the Prominent Fundraising Projects of 2024 with $1.1B
In line with the data, Bridge stood out as the1st major crypto fundraising project with a stunning $1.1B led by Stripe. Subsequently, Rumble took the 2nd place in terms of the raised amount of up to $775M under the lead of Tether. Following that, Avalanche obtained the 3rd position with $250M in fundraising led by Galaxy Digital, Dragonfly Capital, and more. Subsequently, Monad received up to $225M in the fundraising during 2024 led by Electrical Capital and Paradigm.
Additionally, Blockstream secured nearly $210M, led by Fulgur Ventures. In addition to this, Bitstamp effectively got $200M in its fundraising with Robinhood as the leading project. Subsequently, Hut 8 Mining occupied the 7th spot in the list of the top fundraising events witnessed during this year. The project reportedly accounted for $150M in this respect, with Coatue as the leading investor. Moreover, Bitdeer successfully collected $150M in its fundraising efforts with Tether as the leading platform.
Apart from that, Farcaster attained the 9th position among 2024’s dominant fundraising events. It acquired $150M with Paradigm, Standard Crypto, Huan, Variant, and more leading investors. After that, the fundraising endeavors of Public led to a collection of $135M with Accel as the leading investor. Along with that, Allo witnessed a fundraising of $100M while the lead investors included Morningstar Ventures, NGC Ventures, and Gate.io Labs. The next project on the list is Celestia with a $100M in its fundraising. Syncracy, Placeholder, Robot Ventures, Bain Capital Crypto, and 1k(x).
Story Protocol Bottoms the List with $80M in Fundraising during 2024
The list moves on to include Berachain in the 13th spot among the top fundraising events seen during the entire 2024. It saw a cumulative fundraising amount of almost $100M. Its leading investors took into account, Brevan Howard, Tribe Capital, Hack VC, Framework, Hashkey Capital, Polychain Capital, Arrington Capital, Hypersphere, and Samsung Next.
Eigen Layer recorded a fundraising of $100M with a16zcrypto as the leading investor. Coming after that, Sentient claimed $85M in fundraising, with Pantera, HAshkey Capital, Spartan, Framework, Hypersphere, Delphi Ventures, Arrington, Robot Ventures, and Hack VC as the key investors. However, Story Protocol gained the 16th rank with $80M raised while Polychain Capital and a16zcrypto led this fundraising.
