The data shows that the amount of private financing in the blockchain in July increased by 12.6% from the previous month, and the Chinese market began to heat up.

According to statistics from the Mutual Chain Pulse Institute, in July 2019, a total of 39 financings were obtained in the global blockchain sector, with a total financing of approximately 1.126 billion yuan, an increase of 12.6% from the previous quarter. Since the cryptocurrency market entered the bull market in May, the blockchain private equity financing market has rapidly fallen into a trough, but after a brief adjustment, it began to recover again in July, especially in the Chinese market. In the 39 financing events in July, there were 19 Chinese financing projects, and the number still ranked the highest in the world. The total amount of financing was about 355 million yuan, a 3.4 times increase from June.