Data Snacks

Blockchain funding hits $7 billion in the last six months

  • At this rate, blockchain investment could skyrocket to nearly $15 billion by the end of the year.
  • Investments are driven by both consumer and institutional demand.
close

Email a Friend

Blockchain funding hits $7 billion in the last six months

New research from CB Insights shows so far 2021 has been a stellar year for blockchain investment. More money has gone into blockchain this year than in years past, with over $7 billion in venture capital and private equity funding across 404 deals.

At this rate, total investments could value at an estimated $14.6 billion across 815 deals by the end of the year, nearly quadrupling 2018’s high of $4.4 billion over 864 deals.

Much of the investment can be attributed to consumer and institutional demand. Exchanges like Binance, Coinbase and Robinhood have made cryptocurrencies more accessible to Average Joes who may not have otherwise been able to participate in buying and selling crypto. Robinhood’s IPO filing revealed that 17 percent of its total revenue from the first quarter of this year came from crypto transactions — four times its crypto revenue from the previous quarter.

 


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Blockchain funding hits $7 billion in the last six months”

Data Snacks, Member Exclusive

On the road, OppFi attempts to differentiate itself from the lending models of Affirm, Katapult, and Upstart

  • Consumer lending apps may blend together but when you look at them, there are marked differences.
  • Affirm, Katapult, OppFi, and Upstart weren't all created equal.
Zachary Miller | July 06, 2021
Data Snacks, Member Exclusive

In big tech, Google is most active investor in fintech

  • Big technology firms are investors in fintech firms strategic to their business.
  • Google Ventures is the most active investor in the space as Google moves deeper into banking and payments.
Zachary Miller | June 18, 2021
Data Snacks, Member Exclusive

Data snack: A breakdown of North American e-commerce payments projections

  • Digital payments, mobile wallets, and BNPL services grew in 2020 and will continue to grow by 2024.
  • Bank transfers, charge cards and COD expected to decline further by 2024.
Shehzil Zahid | June 16, 2021
Data Snacks, Member Exclusive

Data Snack: Inefficient cross-border payments are costing companies time and money

  • 89 percent of financial executives said they lost money because of inefficient payment processing systems.
  • A majority of people said they lost four to five percent of their revenue.
Shehzil Zahid | May 26, 2021
Data Snacks, Member Exclusive

Data Snack: Empathetic banks grew revenue faster than non-empathetic banks

  • A new survey explores how banks deliver empathetic experiences in a digital world.
  • 72% of banks expect interactions through human chat to increase in the next few years.
Shehzil Zahid | April 19, 2021
More Articles