Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»7 Altcoin Projects to Raise the Most Capital in 2024
ALTCOIN NEWS

7 Altcoin Projects to Raise the Most Capital in 2024

By Crypto FlexsJune 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
7 Altcoin Projects to Raise the Most Capital in 2024
Share
Facebook Twitter LinkedIn Pinterest Email

In 2024, several altcoin projects have secured significant funding, demonstrating growing investor confidence in the cryptocurrency market.

These initiatives are gaining traction due to their financial support and potential to drive innovation and efficiency in the industry.

Largest altcoin fundraise

Leading the way is Monad, which has raised $225 million. This new layer 1 blockchain is designed for speed and interconnectivity and boasts features such as 10,000 transactions per second, 1 second block time, and single slot finality.

Monad’s EVM compatibility further enhances its appeal, positioning it as a significant player in improving blockchain efficiency and scalability.

Berachain has also made a notable impact, raising $169 million. Known for its unique Proof of Liquidity (PoL) consensus mechanism, this EVM-compatible blockchain unites validators and projects through an economic model designed to improve liquidity and governance.

Strategies that align network incentives have attracted significant investment. We then highlight its potential to impact the blockchain ecosystem.

Soon after, Farcaster secured $150 million. This community-driven protocol aims to improve social networks by giving users control over their data. Additionally, developers can build applications without network permission. Farcaster’s user-centric approach has resonated with investors, reflecting the market’s need for decentralized social media solutions.

Read more: What are the best altcoins to invest in June 2024?

Another important project is EigenLayer, which has secured $100 million in funding. Built on the Ethereum network, EigenLayer allows protocols to leverage Ethereum’s secure trust network without having to set up their own set of validators. EigenLayer helps reduce costs and improve efficiency by providing off-chain data availability at Layer 2.

EIGEN tokens are used for staking along with ETH re-staking. More importantly, the protocol has a total value locked to date of over $18 billion.

EigenLayer total value is locked. Source: DeFiLlama

Meanwhile, Babylon raised $70 million by introducing Bitcoin as a staking asset. This approach allows the proof-of-stake chain to leverage vast reserves of BTC for funding. As such, they bridge the gap between Bitcoin and the Proof-of-Stake ecosystem and provide a new path to financial growth and stability.

“The ability for holders to stake their Bitcoin while retaining their keys is an important innovation. “This is a difficult problem that Babylon solved with its cryptographic genius.” said Alasdair Foster, CEO of Bullish Capital.

Likewise, Avail secured $70 million in funding. This Web3 infrastructure layer supports a modular execution layer that can scale and interoperate in a trust-minimized manner. Avail’s infrastructure supports a wide range of applications in the Web3 space, responding to the growing demand for scalable and interoperable blockchain solutions.

Finally, Eclipse raised $50 million by positioning itself as “Ethereum’s fastest Layer-2.” Eclipse aims to provide a scalable and cost-effective solution by running the Solana Virtual Machine (SVM) on Ethereum as a rollup. In fact, it was created for developers and users interacting with Ethereum and Solana smart contracts.

With significant capital backing, these altcoin initiatives can drive the next wave of innovation in the cryptocurrency market.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

SHIBA INU and Dogecoin Holders are pivotting RCO finance for greater profits.

January 31, 2025

Solana DApps volume increases 46% in one week. Is $180 SOL next?

October 1, 2024

KyberSwap DEX hacker sends on-chain message: Be kind.

November 29, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.