RootData March Crypto Data Summary: Market in Extreme Panic, Industry Accelerating Consolidation
The total financing amount for investment and financing reached 2.88 billion USD, an increase of nearly 200% month-on-month. The significant rise in financing amount is mainly due to Binance securing 2 billion USD in funding; the number of financing events was 74, a decrease of about 18% month-on-month, reflecting a reduction in the number of actions taken by VCs. Additionally, there were 12 merger and acquisition events this month, marking the fifth consecutive month with more than 10 M&A events.