<ul><li>Galaxy Digital’s report for Q2-2024 says that $3.2 billion in VC investments came into crypto that quarter.</li><li>One of the recipients of some of that funding is Transak, one of the leading on-ramp and off-ramps to crypto from fiat money.</li><li>Monad is a Layer 1 chain that brings parallel execution to the EVM ecosystem for the first time.</li><li>VCs love investing in chains and protocols that make improvements to EVM. Many VCs see EVM as where Web3 finance will live.</li><li>Berachain is an EVM-compatible Layer 1 chain whose big innovation is Proof of Liquidity as a consensus mechanism.</li><li>Berachain successfully raised $100 million to go with the $42 million they raised earlier.</li><li>Transak's investors are Consensus, Sandeep Nailwal of Polygon, and Animoca Brands.</li><li>Monad just raised $225 million from investors including Paradigm, Electric Capital, and Coinbase Ventures.</li><li>VC backing means they likely have enough money to keep building through the next bear market to survive.</li><li>Emerging markets can save in digital dollars while there is a stable medium of exchange for RWA or other DeFI investments.</li></ul>

MILLIONS of Crypto VC Funding Is Flowing Into These Altcoins

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