The crypto venture capital landscape saw a significant uptick in Q1 2024, with $2.52 billion raised across the sector. Competitiveness among VCs has created a founder-friendly environment, leading to higher valuations and more favorable terms for startups. While the market is expected to remain bullish throughout 2024, regulatory uncertainty and the absence of large deployers of capital from the previous bull market may prevent funding levels from reaching the heights seen in 2021 and 2022.