In the third quarter of 2024, the financing in the Primary Market showed a downward trend.

At the macro level, the Federal Reserve launched a new round of interest rate cuts after four years, cutting 50 basis points for the first time in September; as the US election approaches, the crypto market is facing its final crucial Node of the year.
From the perspective of the encryption market, meme coins have become a new growth point, but they still face issues such as weak radiation, short duration, and unpredictability, making it difficult to become a new driving force. Currently, no innovative economic models have emerged.
Affected by various factors, the Primary Market has declined compared to the previous quarter, with both the number and amount of Q3 investments and financings lower than the previous quarter.