Initial Coin Offering (ICO) drives have attracted $9.59 billion so far in 2018, which is more than double of what was raised last year, according to the data available on CoinSchedule, Forklog reported.

According to the statistics, ICOs raised a total of $3.88 billion in 2017 from 210 drives.

The ICO conducted by Telegram is largest so far with $1.7 billion, followed by Venezuelan Petro token sale at $735 million. Other ICOs included in the top 10 ICOs of 2018 include Dragon, Huobi token, Bankera, Basis, Orbs, and others. A total of 396 ICOs have been conducted in 2018 till date.

Notably, over $1 billion has flown into ICOs every month, with the exception of March which saw a whopping $3.8 billion, thanks to Telegram.

Speaking of ICO projects, maximum funds (21.2%) were raised by projects working on “communications,” following by finance-focused projects (15.4%), trading and investing (9.8%), and Governance (8.1%).

CoinSchedule has not taken into account the recently concluded EOS token sale which has raised $4.15 billion and is the most successful ICO till date. However, recent reports suggest that a significant amount of EOS tokens, along with Ether – often used to purchase EOS, have been lost to hackers. The total amount lost remains unknown at the time of writing.