On January 16, PAData released the "2019 Annual Blockchain Project Financing Analysis Report." The report shows that there were 653 blockchain-related financing events in 2019, and the investment market generally recovered. The financing activities in the second half of the year increased by more than 50% from the first half. In 2019, the inflow of funds related to the blockchain-related financing market reached nearly 4.7 billion U.S. dollars, with an average monthly financing fund of 391 million U.S. dollars and an average project financing of more than 8.66 million U.S. dollars. At the same time, digital asset projects have received the most attention from investors. Exchanges are the key track in this category, with financing events accounting for 60%. In addition, China and the United States far surpass other countries in the density and breadth of blockchain-related investment and financing, and the total investment and financing event accounts for 60% of the world. In 2019, the regional distribution of domestic blockchain-related investment and financing activities has a strong correlation with the domestic blockchain industry distribution, and the industrial clustering effect is significant.