Blockchain startups raised $ 4.38 billion in funding in Q2, according to data from analytical company CB Insights. This figure is 30% more than in Q1, the analysts note.
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The amount of funding in the second quarter turned out to be an all-time record. Circle — the issuer of the USDC stablecoin — gained the most by raising $440 million. Later, the company announced plans to go public through a merger with SPAC-company Concord Acquisition Corp, whose shares are traded on the NYSE.
Chris Bendtsen, Senior Analyst at CB Insights, told CNBC that blockchain's funding year is being driven by the "rising consumer and institutional demand for cryptocurrencies."
"Despite short-term price volatility, VC firms are still bullish on crypto's future as a mainstream asset class and blockchain’s potential to make financial markets more efficient, accessible, and secure," Bendtsen added.
In second place is the manufacturer of hardware crypto wallets Ledger. The Paris-based company raised $380 million in a Series C funding round. As a result, the company's valuation has reached $1.5 billion.
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