According to Cointelegraph, although the ICO boom may have weakened since mid-2018, there is still a lot of activity in the field of encryption financing. According to ICOdata.io, an ICO analysis company, in the first half of 2019, coin sales raised more than $340 million through 83 encryption fundraising events. In contrast, in June 2018 alone, token sales raised more than $900 million. Overall, ICO raised more than $7.8 billion from a total of 1,253 projects in 2018. In the previous year, 853 projects received more than $6.2 billion from token sales. So far, ICO sales in March and May of 2019 alone exceeded $100 million.