Wu says that, according to @obchakevich\_ data, the financing scale in the encrypted payment infrastructure sector continues to grow: in Q1 2024, approximately $223 million was raised; in Q1 2025, it increased to $738 million, a year-over-year increase of about 231%; by Q1 2026, it reached approximately $1.05 billion, a year-over-year increase of about 43%, and it has broken through the $1 billion mark for the first time.

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