all about cryptop referances
While cryptocurrency markets have underperformed during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The 30, $3 billion raised over 1,199 fundraising rounds surpasses all blockchain startup and project funding achieved last year.
A significant amount of money has been injected into specific blockchain projects and startups in the crypto industry, according to the “H1 2022 Fundraising Report” published by Messari and Dove Metrics, a subsidiary of Messari Holding Inc. According to the report, centralized finance ( cefi ) surpassed decentralized finance ( defi ), as cefi captured more than $10.2 billion in H1.
Defi managed to raise $1.8 billion, while Web3 and non-fungible token (NFT) projects and related companies raised $8.6 billion in the first six months of the year. $9.7 billion was injected into the blockchain and crypto infrastructure sector, and while Web3 and NFTs saw the third largest amount of capital raised, the Web3-NFT sector saw the most fundraising rounds with 530 rounds in the first two quarters.
Defi’s biggest month was June, when a number of Defi projects and businesses raised $624 million. “Despite DeFi’s maturity, seed rounds continue to dominate,” Messari researchers explain in the report. The most funds raised in a month for infrastructure was February, for cefi the top month was January, and the Web3-NFT sector’s best month was April.
Ethereum-based defi projects and startups have received the most rounds and the highest dollar amounts, compared to alternative smart contract blockchains such as Solana, Avalanche and Polkadot when it comes to fundraising. Ethereum-based defi projects saw 54 deals in Q1 and 61 deals in Q2. In Q1, Ethereum-based defi projects raised $387 million, while projects from alternative blockchains raised $309 million during the first quarter of 2022.
In Q2, ETH-based defi raised $890 million while alternative chain-based projects raised around $193 million. Messari researchers note that in the Web3 NFT sector, early stage funding rules the roost and gaming eclipses most of the NFT funding. Once again, Ethereum also dominated the Web3 NFT industry, compared to alternative smart contract platform networks.
In terms of centralized finance, cefi “continues to mature,” Messari’s report says while highlighting that $10 million funding rounds “account for 50% of activity.” Messari’s latest H1 fundraising report follows the recently published “4th Annual Global Crypto Hedge Fund Report 2022”, authored by international professional services firm Pricewaterhousecoopers (PWC).
Insights from PWC’s recent crypto study show that hedge funds injecting capital into cryptocurrency and blockchain projects have increased since last year. PWC researchers estimated that 21% of hedge funds participated in crypto-related funding rounds, while this year’s participation rate is up to 38%.
Messari’s fundraising report shows that many sectors are “maturing” as Series A funding rounds or later accounted for 40%+ of H1’s dedicated crypto infrastructure rounds. Web3’s Series A rounds or later represent about 30%+ of the fundraising rounds in H1 2022. Investors mentioned in Messari’s fundraising report include companies such as FTX, Mechanism Capital, Pantera Capital, Sequoia Capital, Gumi Cryptos, Dragonfly Capital, Slow Ventures, Seven Seven Six, and about a dozen and a half others.
What do you think of Dove Metrics and Messari’s H1 Funding Report? Let us know your thoughts on this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Charts via report written by Dove Metrics and Messari Holding Inc.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
