September proved to be a boon for the Global crypto companies, helping them make a record $6.6 billion. In the whole of the year 202, the Crypto companies made $3.80 billion, which is half of the total money they collected in this September quarter.
The blockchain companies have been enjoying 2021 as this is the second time the crypto earnings have hit the record this year. In June, the blockchain companies had set a similar history.
During the quarter, there were a total of 339 funding rounds, as reported by Block data. Of these, FTX Exchange, with the $900 million funding round in July, made a huge difference.
Besides FTX, several other companies like Sorare, Genesis Digital Assets, Fireblocks, BitPanda, and Blockstream made hundreds of millions of capital in this quarter.
The fact that cryptocurrencies struggled at the start of the quarter because of the bans they faced and various probes being set, they came back stronger. Bitcoin, Cardano, ethereum and Shiba Inu, etc., saw a good rise this entire month and, as a result, attracted much fortune!
The last quarter might turn out to be yet another record-setter as the cryptocurrencies set off to a good start for this December quarter as well!