In October, venture investments in blockchain projects increased to $1.7 billion, an increase of 52% compared to the previous month. This is the highest figure since September 2022 and the strongest result for the current year. Two major rounds played an important role: Praxis startup raised $525 million, and Crusoe Energy raised $500 million. Together, they provided almost 60% of the total funding.
Startups based on the Polygon blockchain became the leader in the number of transactions, which again outstripped the L2-Base solution. However, in September, the latter came forward, which indicates its growing popularity. Despite Polygon's leadership in October, experts expect both networks to continue to gain momentum and compete seriously in the coming months.
The largest volume of investments, almost $700 million, fell on infrastructure blockchain solutions. In this category, projects related to increasing the scalability, reliability and energy consumption of networks remain a priority for investors. Such attention confirms the importance of creating a stable foundation for the further development of the blockchain.
Another notable trend is the growing interest in the application level of technology. Web3 products stand out here, as well as new trends such as SocialFi (financial applications with elements of social networks) and DeAI (decentralized artificial intelligence). These areas are becoming more and more in demand due to their prospects for integration with the real economy.
The general increase in interest in blockchain projects is associated not only with the improvement of market conditions, but also with the development of new technologies. Investors continue to look for promising ideas that can become the next "unicorns". Against this background, the inflow of capital into the industry will remain at a high level. Experts believe that the dynamics of October may set a trend for the coming months.
