Solana L2 a Bright Spot in Dim Funding Week
Weekly Recap
Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its second consecutive week without any deal flow.
Series A rounds continue to impress thus far in 2024, with another two this week totaling $27 million. 2023 saw 94 S...Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 2/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.