On June 13th, CNBC encrypted program host Ran NeuNer published a set of data on Twitter, showing that in the second quarter of 2018, the funds raised by the ICO began to shrink in the funds raised by the blockchain industry. The form of financing has basically disappeared. In contrast, in the second quarter of 2019, the scale of financing for IEO began to increase, and the current proportion is close to 50%. The funds obtained through VC also began to return to normal, accounting for more than half. Funds raised through STO are always relatively small.