RootData: The financing amount in the cryptocurrency market in October was $426 million, continuing to hit a recent low

ChainCatcher news shows that according to the crypto data platform RootData, in October 2023, there were 75 funding rounds totaling approximately $426 million, marking the lowest funding amount in nearly four years. In October last year, the crypto sector raised $1.157 billion across 135 funding rounds, a year-on-year decrease of 63%.

In terms of sectors, the DeFi category is in the lead, followed by gaming and CeFi, while infrastructure funding has dropped to fourth place for the first time. The project with the highest funding amount in October is the Web3 game development company Animoca Brands, with the Saudi Crown Prince-led investment fund NEOM planning to invest $50 million in Animoca Brands.

The second and third highest funded projects are the Web3 loyalty and payment company Blackbird and the Web3 security tool Blockaid, both of which have participation from a16z. The most active institutions are Big Brain Holdings and Waterdrip Capital, each participating in four projects.