These Altcoin Projects Have Raised the Most Capital in 2024

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

These initiatives are also attracting attention for their financial backing and for their potential to drive innovation and efficiency in the industry.

Largest Altcoin Fundraises

Leading the charge is Monad, which has raised $225 million. This new Layer-1 blockchain is designed for speed and interconnectivity, boasting capabilities like 10,000 transactions per second, one-second block times, and single-slot finality.

Monad’s EVM compatibility further improves its appeal, positioning it as a significant player in enhancing 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 integrates validators and projects through an economic model designed to enhance liquidity and governance.

Its strategy to align network incentives has attracted significant investment. Subsequently, highlighting its potential to influence the blockchain ecosystem.

We're thrilled to announce our $100M Series B round, co-led by @BHDigitalAssets and @hiFramework pic.twitter.com/yyDKmpBN7u

— Berachain