Galaxy Research: The crypto VC market rebounded in Q2, with a more active financing environment compared to previous quarters

2024-07-03 20:05:33

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ChainCatcher news, according to CoinDesk, Galaxy (GLXY) Research indicates that the cryptocurrency venture capital market has continued the rebound momentum from the second quarter of this year, with a more active funding environment compared to previous quarters.

The report states that the number of venture capital deals decreased from 603 in the first quarter to 577, while the investment capital increased from $2.5 billion in the second quarter to $3.2 billion. The median deal size slightly rose to $3.2 million, but the "median pre-investment valuation surged to nearly historical highs," reaching $37 million, indicating that the recovery of the cryptocurrency market in recent quarters has led to "intense competition among investors and fears of missing out (FOMO)."

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