Web3 startups raised $3.7 billion in funding in the first half of 2024, showing signs of recovery

According to the latest report from Crunchbase, Web3 startups raised $3.7 billion in the first half of 2024. Although this number decreased by 18% compared to the first half of 2023, it increased by 42% compared to the second half of last year. Quarterly, Web3 startups raised over $2 billion in the second quarter of 2024, slightly higher than the $1.8 billion raised in the first quarter, but down 18% from the $2.2 billion raised in the same period last year. However, after eight consecutive quarters of decline, Web3 startups have seen two consecutive quarters of funding increases. In addition, although the total amount of funding has increased, there have been few large financing rounds, with only seven rounds raising over $50 million.