The total financing amount in the Web3 industry reached $2.75 billion in Q2 2024, a year-on-year increase of 38.9%, with the total number of mid-to-late stage financings growing by 20.7% quarter-on-quarter. In the first half of the year, the total fundraising amount for Web3 investment funds reached $1.38 billion. The competition for Binance List Tokens has become intense, and high valuations combined with low circulation models may suppress token price performance.