Emily Walker
In the previous month, cryptocurrency startups saw a substantial influx of funding, totaling nearly $800 million from venture capital investments.
A significant portion, approximately $583 million, was allocated to startups focused on building crypto infrastructure, which has driven interest in utility-based presale tokens such as Flockerz ($FLOCK).
Data from DefiLlama indicates that this represents the fourth-largest amount of financial backing this year, although it reflects an 8% decrease compared to October’s numbers.
Trump’s Election Boosts Crypto Venture Capital
The election of Donald Trump, who labels himself as the ‘crypto president,’ enhanced investor confidence within the crypto market both before and after his victory.
This result led Bitcoin to achieve record highs, surpassing the $100,000 threshold that many were eagerly anticipating.
Traditionally, Bitcoin’s ascension has prompted other cryptocurrencies to follow suit, with a particular emphasis this time on projects that offer tangible use cases.
DeFi Companies Attract $128.2 Million in Funding
The majority of last month’s funding was directed towards blockchain initiatives, especially within decentralized finance (DeFi) and Web3 gaming sectors.
DeFi firms alone received an impressive $128.2 million last month, reflecting a 31% rise from the previous month. The notable player, USDX Money—responsible for a US dollar-pegged stablecoin—secured $45 million, primarily supported by leading VC firms like BAI Capital and NGC Ventures.
In the realm of blockchain gaming, Monkey Tilt led the sector by raising $30 million from Pantera Capital to advance its online crypto-gambling platform. Additionally, Zero Gravity Labs raised $40 million to enhance the development of its decentralized AI operations system.
$FLOCK Collects Over $5.8 Million in Presales
In the midst of the buzz, sales of crypto tokens are yielding positive results. The $FLOCK token, which underpins the unique vote-to-earn platform Flockerz, has generated over $5.8 million during its presale.
Token holders of $FLOCK can vote on several key aspects, including:
- New features
- Marketing strategies
- Project development
- Token burns
- Expansion plans
In a related development, $WLFI secured $30 million solely from Justin Sun, the founder of Tron, and has since raised over $20 billion. Like Flockerz, it provides governance capabilities within Donald Trump’s DeFi platform, World Liberty Financial.
Positive Outlook for Utility-Focused Crypto Projects in 2025
As we near the end of 2024, crypto projects demonstrating real utility are thriving, attracting impressive funding close to $800 million to strengthen their infrastructures.
This wave of investments is particularly highlighting governance tokens such as $WLFI and $FLOCK, showing a clear interest from investors in decision-making influence and community participation.
As developers and investors redirect their attention towards innovative, utility-driven, and community-focused projects, 2025 appears promising for those with viable and scalable solutions, rather than relying solely on speculative trends for success.