---
title: "Nine crypto VCs weigh in on why Q1 investments were so hot and how it compares to the previous bull market"
url: https://daily.dev/posts/nine-crypto-vcs-weigh-in-on-why-q1-investments-were-so-hot-and-how-it-compares-to-the-previous-bull--6ul1196ea
source_url: https://techcrunch.com/2024/03/29/nine-crypto-vcs-weigh-in-on-why-q1-investments-were-so-hot-and-how-it-compares-to-the-previous-bull-market/
type: article
source: "TechCrunch"
published: 2024-03-29T18:29:15.094Z
updated: 2024-05-09T09:06:08.895Z
tags: ["blockchain", "decentralized-finance"]
reading_time: 10
upvotes: 0
comments: 0
language: en
---

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# Nine crypto VCs weigh in on why Q1 investments were so hot and how it compares to the previous bull market

**[TechCrunch](https://daily.dev/sources/tc)** · 10 min read · 0 upvotes · 0 comments

## Summary

Q1 2024 has seen a significant increase in capital raised in the crypto and blockchain sectors. Positive legal wins, decentralized finance (DeFi) on Solana, and bitcoin ETF approvals have contributed to the heating up of the crypto VC landscape. Sectors such as SocialFi, Web3 gaming, and crypto and AI are experiencing increased activity. Founders have greater leverage in fundraising, and valuations are spiking. The tokenomic come back is driving VCs to accept lofty valuations in private rounds. The rest of 2024 is expected to see continued VC activity, with potential market frenzies.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2024/03/29/nine-crypto-vcs-weigh-in-on-why-q1-investments-were-so-hot-and-how-it-compares-to-the-previous-bull-market/>

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Tags: [#blockchain](https://daily.dev/tags/blockchain), [#decentralized-finance](https://daily.dev/tags/decentralized-finance)

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