November 29, 2023

In 2019, investments in ICOs decreased by 95%

In 2019, investments in ICOs decreased by 95%


According to a study by CB Insights, in 2019, raising funds by blockchain startups through equity financing significantly exceeded the initial token offering (ICO).

According to analysts, over the past year, in total, allICOs raised $371 million, which is only 5% of the 2018 figure of $7.8 billion. During the same period, $2.8 billion was raised through equity financing.

In total, 807 venture deals were registered in the blockchain space last year, which is only 15 less than in 2018. However, the total amountinvestment fell by about 30% from $ 4.26 billion to $ 2.79 billion.

At the same time, CB Insights researchers note an increasein the field of decentralized financing (DeFi), on the platforms of which assets worth about $ 1 billion are now placed, which is more than three times higher than in January 2019, which amounted to $ 371 million.