Messari and Dove Metrics’ new crypto fundraising report has thrown up some interesting results. The report by the provider of market intelligence products and the crypto fundraising database was released on 2 August 2022.
The report shows that the crypto industry has already raised $30.3 billion in funds, across 1,199 H1 funding rounds, so far in 2022. While there were only 1,313 crypto funding rounds, amassing a cumulative capital of $30.2 billion, in 2021 as a whole.
Why is this interesting?
Last year, the crypto market was at its bullish best. Remember how close Bitcoin (BTC) came to the $69,000 mark in November 2021? It wasn’t so surprising that crypto firms were able to raise funds than when everyone was relatively optimistic.
But the ability of the firms to raise this amount of capital ($30.3 billion) in the first half of 2022 alone, despite the market slump and bearish headwinds, surely is.
What are the funding trends so far?
The 2022 H1 saw VCs going long on Centralized Finance (CeFi), Decentralized Finance (DeFi), and Non-Fungible Token (NFT) projects. Heavy investment volumes were also recorded in the crypto infrastructure space—an area that primarily deals in security and exploit prevention.
While DeFi and NFT optimism was expected, the revelation that almost one-third or $10.3 billion in funds were directed towards CeFi projects is surprising. Within the CeFi vertical, instances of early-stage funding surpassed Series-A and Late Stage deals.
DeFi looked strong despite being a nascent space, with the firms concerned being able to raise $1.8 billion across 195 rounds.
Web 3.0 and NFT-based fundraising weren’t far away either. Firms from these spaces raised almost $8.6 billion across 530 rounds. The gaming NFT space garnered attention, too. Players managed to raise four times the capital accrued by any other NFT verticals.
Read the full report here.
FAQs
Which crypto has performed best in 2022?
Determining the best-performing crypto in 2022 requires real-time market data, which I don’t have. However, historical performance can provide insights. In recent years, Bitcoin (BTC) and Ethereum (ETH) have been significant performers. For the most accurate and up-to-date information, consider checking reliable crypto market analysis websites or financial news platforms.
What crypto has the most potential in 2023?
Determining the crypto with the most potential in 2023 involves various factors and market dynamics. Predictions can change, and it’s essential to conduct thorough research. Some commonly mentioned crypto with potential include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), and Avalanche (AVAX). However, crypto investments are speculative, and it’s crucial to stay informed about market trends and conduct due diligence before making investment decisions.
Which crypto will explode in 2024?
Predicting specific crypto that will explode in 2024 is challenging due to the volatile and unpredictable nature of the market. However, some commonly discussed crypto with potential growth include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Solana (SOL). It’s crucial to conduct thorough research, stay informed about market trends, and consider the factors influencing each crypto potential for growth.
Which crypto has increased the most?
As of the provided information, predicting the specific cryptocurrency that has increased the most recently requires real-time data. However, various cryptocurrencies experience fluctuations in their prices. Bitcoin (BTC), Ethereum (ETH), and other major altcoins often witness significant price movements.
