DeFi markets surge in 2024 as capital inflows drive growth

2024-05-29

News DeFi markets surge in 2024 as capital inflows drive growth According to the search results, DeFi markets have seen a significant surge in capital inflows during 2024:

Cryptocurrency startup funding surged by 40.3% to $2.4 billion in Q1 2024, while global venture capital investments hit a five-year low. This indicates increased investor interest and capital flowing into the crypto/DeFi space.
DeFi has had a 75.1% increase in Total Value Locked (TVL) year-to-date (YTD) to US$94.9B from US$54.2B at the start of 2024, according to Binance Research. This demonstrates significant capital inflows driving growth in DeFi markets.
Institutional investors, who were once more cautious, are now rushing into the crypto market with "unprecedented vigor", with capital flows reaching new record levels in 2024.
The recent approval of Bitcoin spot ETFs by firms like BlackRock and Fidelity has also acted as a catalyst for increased institutional interest and capital inflows into the broader crypto market.

In summary, the DeFi markets have seen a major surge in 2024 driven by significant capital inflows from both crypto startups and institutional investors, leading to a 75.1% increase in DeFi TVL year-to-date.