Crypto funding up 52 percent in November

Crypto companies received $470 million from institutional investors. However, the highs of the bull market are still far away.

The mood in the crypto market is turning. This can also be seen in the willingness of institutional investors to invest in the sector invest.

A view of DeFi Llama shows this: More and more VCs seem to be rediscovering their spending pants. Compared to October, investment readiness in November 2023 rose nearly 52 percent to $467.65 million.

This makes it the most profitable month for crypto in six months.

One of the companies that benefited in particular was Blockchain.com. The crypto platform raised $110 million in a funding round in mid-November.

However, it is still far from the legendary heights of the bull market. Just two years ago, VCs were funding crypto companies with more than $7 billion.

But if the market continues to develop positively, it will not be long before these levels are reached again.