加密风险投资飙升：向初创企业注入超过 40 亿美元

加密货币风险投资资金在 2024 年表现出强劲增长，投资者对以太坊重新抵押、去中心化物理基础设施网络 (DePIN)、比特币生态系统和现实世界资产 (RWA) 代币化等领域表现出越来越大的兴趣。值得注意的是，以太坊重新抵押已成为一个重要的垂直领域，EigenLayer 等协议吸引了大量投资并推出了多个流动性重新抵押平台。

Crypto Venture Capital Surges with Over $4 Billion Injected into Startups

加密风险投资激增，向初创企业注入超过 40 亿美元

The crypto venture capital landscape has witnessed a remarkable resurgence in 2024, with investors pouring over $4 billion into startups across four key areas: Ethereum restaking, decentralized physical infrastructure networks (DePINs), the Bitcoin ecosystem, and real-world asset (RWA) tokenization.

加密货币风险投资格局在 2024 年出现了显着复苏，投资者向四个关键领域的初创企业投入了超过 40 亿美元：以太坊重新抵押、去中心化物理基础设施网络 (DePIN)、比特币生态系统和现实世界资产 (RWA) 代币化。

Ethereum Restaking: A New Frontier

以太坊重新抵押：新领域

Emerging as a prominent vertical within the blockchain industry, Ethereum restaking has garnered substantial investment thanks to the innovative protocol, EigenLayer. This protocol allows users to restake ether (ETH) and liquid staking tokens with validators in other blockchain networks, enabling them to earn additional rewards. In less than a year, EigenLayer has accrued an impressive $15 billion worth of assets.

作为区块链行业中的一个重要垂直领域，以太坊重新抵押已经凭借创新协议 EigenLayer 获得了大量投资。该协议允许用户通过其他区块链网络中的验证器重新抵押以太币（ETH）和流动性抵押代币，从而使他们能够获得额外的奖励。在不到一年的时间里，EigenLayer 积累了价值 150 亿美元的资产，令人印象深刻。

The success of EigenLayer has sparked the creation of several EigenLayer-based liquid restaking platforms, collectively amassing over $9 billion in assets. Notable players in this space include Ether.Fi, Renzo, and Puffer Finance, all of which have secured significant funding this year. Ether.Fi raised $27 million in a February round co-led by Bullish and CoinFund, while Puffer Finance netted $18 million in an April Series A round co-led by Brevan Howard Digital and Electric Capital, valuing the company at $200 million. Renzo also secured $3.2 million in seed funding led by Maven11 in January, valuing it at $25 million.

EigenLayer 的成功引发了多个基于 EigenLayer 的流动性重新抵押平台的创建，总资产超过 90 亿美元。该领域的著名参与者包括 Ether.Fi、Renzo 和 Puffer Finance，它们今年都获得了大量资金。 Ether.Fi 在 Bullish 和 CoinFund 共同牵头的 2 月份融资中筹集了 2700 万美元，而 Puffer Finance 在 Brevan Howard Digital 和 Electric Capital 共同牵头的 4 月份 A 轮融资中筹集了 1800 万美元，对该公司的估值为 2 亿美元。 Renzo 还在 1 月份获得了 Maven11 牵头的 320 万美元种子资金，估值为 2500 万美元。

DePINs: Decentralizing Physical Infrastructure

DePIN：去中心化物理基础设施

DePIN projects, particularly those built on the Solana blockchain, are gaining significant traction. Several such projects, including Io.net, peaq, IoTex, Natix, and SendingNetwork, have recently raised funding. Notably, Io.net reached a remarkable $1 billion token valuation in March.

DePIN 项目，特别是那些建立在 Solana 区块链上的项目，正在获得巨大的关注。包括 Io.net、peq、IoTex、Natix 和 SendingNetwork 在内的几个此类项目最近筹集了资金。值得注意的是，Io.net 在 3 月份的代币估值达到了惊人的 10 亿美元。

DePIN projects leverage blockchain technology to decentralize their physical hardware infrastructure, incentivizing users with tokens for expanding their networks. According to The Block Pro's Funding Dashboard, approximately 70 DePIN and decentralized artificial intelligence (DeAI) projects have collectively raised about $192 million as of April 2024.

DePIN 项目利用区块链技术来分散其物理硬件基础设施，用代币激励用户扩展其网络。根据 The Block Pro 的融资仪表板，截至 2024 年 4 月，大约 70 个 DePIN 和去中心化人工智能 (DeAI) 项目总共筹集了约 1.92 亿美元。

Bitcoin Ecosystem: Expanding Horizons

比特币生态系统：扩大视野

The Bitcoin ecosystem is experiencing a surge in investment activity, with startups building on the network attracting substantial funding. The Block Pro's Funding Dashboard reveals that there have been more Bitcoin ecosystem-related deals in the first half of 2024 than in all of 2023, with 81 deals year-to-date compared to 77 in the previous year.

比特币生态系统的投资活动正在激增，基于该网络的初创公司吸引了大量资金。 Block Pro 的资金仪表板显示，2024 年上半年与比特币生态系统相关的交易比 2023 年全年还要多，今年迄今有 81 笔交易，而上一年为 77 笔。

Tokenization: Real-World Assets Go Digital

代币化：现实世界资产走向数字化

Tokenization, the process of converting real-world assets into digital tokens, has also gained popularity. Startups in this vertical, such as Securitize, Centrifuge, and Backed, have all secured funding in recent months. The Block Pro's Funding Dashboard indicates that over 25 tokenization-related startups have raised a total of $80 million as of April 2024.

代币化（将现实世界资产转换为数字代币的过程）也越来越受欢迎。 Securitize、Centrifuge 和 Backed 等这一垂直领域的初创公司近几个月都获得了融资。 Block Pro 的融资仪表板显示，截至 2024 年 4 月，超过 25 家与代币化相关的初创公司已筹集了总计 8000 万美元的资金。

Conclusion

结论

The crypto venture capital industry is experiencing an unprecedented level of resurgence in 2024, with investors recognizing the vast potential of blockchain technology to transform various industries. Ethereum restaking, DePINs, the Bitcoin ecosystem, and RWA tokenization are among the key areas attracting significant investment, highlighting the growing diversity and maturity of the crypto ecosystem. As innovation continues to accelerate in these sectors, the future holds immense promise for the transformative potential of blockchain.

2024 年，加密货币风险投资行业将经历前所未有的复苏，投资者认识到区块链技术在改变各个行业方面的巨大潜力。以太坊重新抵押、DePIN、比特币生态系统和 RWA 代币化是吸引大量投资的关键领域，凸显了加密生态系统日益增长的多样性和成熟度。随着这些领域的创新不断加速，区块链的变革潜力在未来充满希望。