On July 3rd, Galaxy Digital reported that the crypto venture capital market continued to pick up in the second quarter of 2024. Web3, Layer 1 and Bitcoin Layer 2 were the most notable investment categories this quarter. Crypto and blockchain companies received $3.19 billion in venture capital in the second quarter, a slight increase from Quarter 1's $3.16 billion. The median deal rose from $3 million to $3.20 million, and the estimated value jumped from $19 million to $37 million. There were 739 crypto venture capital deals in the second quarter, an increase of 8% from Quarter 1. The Web3 space attracted $495.50 million in investment, including a $150 million funding round from Web3 social media platform Farcaster. Layer 1 raised $371 million, while the Bitcoin Layer 2 project received $94.60 million, an increase of 174% year over year.