Blockchain Startups Raised $4.4B in Q2: CB Insights
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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.

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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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