So far this year, financing transactions related to the Bitcoin ecosystem have exceeded 90, setting a record for the highest number in a single year

ChainCatcher news, The Block Pro monitoring data shows that there have been over 90 financing transactions related to the Bitcoin ecosystem in 2024 so far, setting a record for the highest number of annual financing transactions in Bitcoin's history.

Kyle Samani, Managing Partner at Multicoin Capital, pointed out that with the Bitcoin Taproot upgrade and the emergence of the Ordinals protocol, the Bitcoin ecosystem is experiencing a "developer renaissance." For some developers, building financial tools on Bitcoin is more attractive because it is the oldest and most secure blockchain.

The Block found that Multicoin Capital's investment trend is shifting from Solana to the Bitcoin ecosystem. The venture capital firm, which has invested in projects like Solana Labs and StarkWare, has recently participated in the Bitcoin-native music platform Arch Network and the Bitcoin scaling network Mezo.