Last month, crypto startups received major funding increases, raising nearly an impressive $800 million through venture capital investments.
Of that, a whopping $583 million was awarded to crypto startups developing crypto-related infrastructure, contributing to utility-based presale tokens like Flockerz ($FLOCK) to gain notable traction.
According to DefiLlama dataThis is the fourth highest financial support this year – albeit down 8% on October figures.
Trump’s Election Victory Boosts Crypto VC Investments
Investor confidence spread across the crypto realm before and after Donald Trump, the self-proclaimed “crypto president,” was elected US president-elect.
The outcome Bitcoin boosted to reach ATH after ATH and get past the long-awaited $100,000 milestone.
As usual, when Bitcoin rises, other crypto projects follow suit. This time, the ones with actual use cases are the ones drawing the most attention.
DeFi companies will receive a capital injection of $128.2 million
The lion’s share of last month’s funding went to blockchain-based projects, mainly in the areas of decentralized finance (DeFi) and Web3 gaming arenas.
DeFi companies received another $128.2 million in capital last month, a 31% increase from the previous month.USDX Money (the issuer of a stablecoin pegged to the US dollar) raised $45 million, the industry’s most significant funding, led by major venture capital firms BAI Capital and NGC Ventures.
Meanwhile, in the blockchain gaming industry, Monkey Tilt led the field, securing $30 million from Pantera Capital to enhance its online crypto gambling platform.Zero Gravity Labs was also among the heavyweight recipients, securing $40 million to fuel the development of its decentralized AI operating system.
$FLOCK earns $5.8 million+ in pre-sales
Amid the hype, the sale of crypto tokens is also proving fruitful. $FLOCK, the foundation of the unique vote-to-earn platform Flockerz, has raised more than $5.8 million in pre-sales.
Key factors that $FLOCK holders can vote on include:
- New features
- Marketing strategies
- Project development
- Token is lit
- Expansion plans
Plus $WLFI has raised $30 million from Justin Sun (the founder of Tron) alone. Since its founding, it has raised more than $20 billion.Like Flockerz, it also grants governance rights, but on Donald Trump’s DeFi platform, World Liberty Financial.
2025 looks bright for utility-based crypto ventures
As 2024 draws to a close, crypto projects with actual utility are coming out on top, witnessing an impressive financial influx of nearly $800 million to improve their frameworks.
Amid the investments, there is a greater focus on governance tokens such as $WLFI and $FLOCK. This highlights investors’ desire for decision-making power, rewards and community involvement.
As crypto developers and investors turn their focus to new and innovative utility and community-driven projects, 2025 looks bright for those with sustainable and scalable solutions. Not just those who rely primarily on speculative hype for success.