ata shows that Crypto startups are receiving an increasing amount of interest in terms of funding with approximately $860 million in venture capital in October alone. This amount is up 30% from the previous month and is considered the highest funding level since April when approximately $950 million was raised according to data data from DefiLlama.
Gaming Sector Momentum
The blockchain gaming industry has received the highest amounts of funding for the past 3 months with more than $110 million dollars in funding, indicating increasing interest in this specific sector. Of the total invested amounts, Azra Games topped the sector by raising $42.7 million dollars led by Pantera Capital and a16z Crypto.
Infrastructure Leadership
Infrastructure solutions funded at $609 million dollars are up 33% from September and represented the largest investment category. Blockstream raised the biggest round at $210 million dollars, whilst Yellow Card and Glow Labs made other substantial investments in their domains.
DeFi Sector Recovery
Having lost 55% of its investment between August and Sepptember, the DeFi industry stabilised and raised approximately $100 million in October alone. Some of the significant funding were Solv that raised approximately $11 million in its funding round and Variational that closed a $10.3 million seed round.
Crypto Funding Surge
The upswing in funding activity in October indicates that investors are gaining more confidence and interest in crypto markets with infrastructure and gaming coming back strongly while there are signs that defi is coming back to life.
