Crypto industry fundraising totaled $101 billion since 2014

Data collected by DeFiLlama shows that fundraising in the crypto industry has totaled $101 billion since 2014, while The Block Research has counted more than $95 billion in cumulative investments since 2017. Funds raised in the form of venture capital deals and token sales have been a major driver of growth in the crypto industry, but the billions of dollars poured into startups have produced mixed results for investors. Paul Veradittakit, managing partner at Pantera Capital, a $4.7 billion cryptocurrency investment firm, said traditional exits in the form of milestone acquisitions and public listings "have certainly taken longer than traditional venture capital would have expected". Coinbase Global Inc.'s $86 billion direct listing on the Nasdaq in 2021 during the last cryptocurrency bull market was a notable exception, he added, but overall exits have been few and far between, largely limited to a handful of trade sales.