How is the funding environment shaping up for blockchain technology in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows blockchain technology total funding by year, stacked by quarters.
As the graphic demonstrates, blockchain technology has amassed $3.7B through Q1 and Q2 of this year. This amount represents 44% of the total funding in 2018, and 62% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $1B round into Bitfinex, a $1B round into Figure, and a $700M round into Voatz.
A straight-line projection of the completed funding this year would result in $7.4B, which is 88% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $5.2B, which falls short of the total 2018 funding by 38%. Therefore, based on the mid-year data, blockchain technology funding in 2019 is projected to dwindle from the funding in 2018. However, it should be noted that 2018 was a breakout year for blockchain funding. 2019 has already exceeded the funding total for 2017, so the overall funding environment for blockchain technology is still healthy by historical standards.