Data: In April 2023, cryptocurrency financing reached $814 million, a year-on-year decrease of approximately 77.6%

ChainCatcher news, according to RootData data, in April 2023, the financing in the cryptocurrency sector was $814 million, a decrease of approximately 77.6% compared to $3.623 billion in April 2022. In addition, the number of financing rounds dropped from 186 to 106 in April, a year-on-year decrease of about 43.1%.

It is reported that the stablecoin UST began to de-peg on May 10, 2022, leading to the collapse of the Terra blockchain, which had a market capitalization of about $41 billion. On November 11, 2022, the FTX exchange, valued at $32 billion, announced bankruptcy. (source link)