In March, venture capital investment in the cryptocurrency sector surged by 52.5% month-on-month to $1.16 billion across 180 investments, according to RootData.

This marks the highest level of activity since April 2022, indicating renewed interest in crypto, especially in infrastructure and DeFi projects.

The largest single investment was an early-March private token sale by Optimism (CRYPTO:OP), contributing significantly to the overall investment amount.

One-fifth of the deals were in the $1 million to $3 million range, while just over 15% garnered $5 million to $10 million.

Despite the majority of funded projects being based in the United States, they represented less than 10% of the total investment count, highlighting global diversification in cryptocurrency investments.