Crypto startups raise $5B in Q1, down 16% YoY

Crypto startups raised $5 billion in the first quarter of this year, DeFiLlama reported. This marks a 16% decrease compared to the same period last year. The prediction market sector received $1.7 billion in investment, followed by the payments sector with $735 million and the trading infrastructure sector with $423 million. The data suggests that real-world use cases and infrastructure sectors attracted significant interest from major investors.