Latest report from Galaxy Digital’s Crypto and Blockchain Venture Capital  has revealed some interesting trend recorded in the crypto market last year especially concerning the VC sector.

According to the report, in the fourth quarter of 2024, nearly half of all venture capital funding in the cryptocurrency and blockchain sector was directed toward startups based in the United States.

Additionally, 46% of the total invested capital flowed to US-based startups. This figure far exceeded the share received by other jurisdictions, with Hong Kong coming in second at 16% and Singapore and the UK following behind.

Early and Late-Stage Funding Trends

Assessing the report further, it reveals that the US also led in deal volume, accounting for 36% of all venture capital deals during the quarter. Despite the ongoing regulatory uncertainty and pressures within the US, the country’s dominance in attracting both capital and deal activity was evident.

Galaxy head of research Alex Thorn in a post on X pointed out that the favorable outlook for the sector, combined with the possibility of a pro-crypto administration taking office, may further strengthen the US’s position in the global digital currency venture capital landscape.

Meanwhile, Venture capital activity in Q4 2024 revealed a continued appetite for both early and late-stage digital currency startups. Approximately 60% of the capital raised went to early-stage companies, highlighting sustained interest in new and innovative blockchain projects.

The remaining 40% was directed toward later-stage companies, driven in part by significant deals such as Cantor’s $600 million investment in Tether.

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Author: Samuel Edyme