The crypto industry is buzzing with excitement. Since Donald Trump's election victory, startups have raised over $1 billion from venture capital funds. This surge in investment shows a growing optimism about the regulatory environment under the new administration.
Since November 6, when Trump won, crypto startups have attracted around $1.3 billion. According to DefiLlama, venture capitalists contributed $796 million in November and another $511 million in December.
The Avalanche Foundation stands out as the largest fundraiser. They secured $250 million through a private token sale. This funding is perfectly timed with their upcoming Avalanche9000 upgrade, scheduled for December 16. This upgrade aims to boost blockchain scalability and cut costs.
Venture capitalists are also focusing on crypto infrastructure projects. They directed over $500 million toward these developers. Notable rounds include Zero Gravity Labs raising $40 million and Bitcoin miner Canaan Creative securing $30 million.
Meanwhile, the DeFi sector is seeing a revival. It received more than $150 million in funding. Key investments include $45 million for USDX Money and $30 million for World Liberty Financial. This interest comes as the DeFi market recovers, attracting both retail and institutional investors.
This influx of funding is tied to expectations of a pro-crypto stance from the new administration. Trump has shown strong support for the crypto industry. He has promised to provide much-needed regulatory clarity and even plans to establish a Strategic Bitcoin Reserve in the United States.
Since his election win, Trump has made several pro-crypto appointments. Paul Atkins is proposed as the chair of the Securities and Exchange Commission (SEC), and David Sachs will be the White House's first crypto czar.
Experts believe these appointments could lead to clearer regulations. This clarity may help remove barriers to institutional adoption and encourage more investment in the sector.