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Crypto Report

Q1 2024

Crypto Report

May 17, 2024

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Crypto dealmaking springs back 

Crypto may finally be bouncing back, with quarterly deal value ticking upward for the first time since 2021, according to PitchBook’s latest Emerging Tech Research. In Q1, $2.4 billion was generated across 518 deals, increases of 40.3% and 44.7%, respectively. In the Q1 2024 Crypto Report, Senior Analyst Robert Le highlights the factors pushing the vertical forward as well as new areas of focus for investors, such as startups working to bring blockchain technology to social media as well as those tinkering with established cryptographic techniques to solve challenges in data integrity and privacy.  
 


Table of contents
Vertical update 3
Q1 2024 timeline 5
Crypto landscape 6
Crypto VC ecosystem market map 7
VC activity 8
Emerging opportunities 17
       Fully homomorphic encryption 18
       Social finance 21
Select company highlights 25
       Airstack 26
       Rhinestone 28