Crypto Startups Thriving Amid Chaos

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Welcome to our crypto market news channel, where we delve into the ever-changing world of cryptocurrencies! In 2022, the market faced a significant crisis, yet over 80% of startups in this space continued to thrive despite the challenges. What helped them endure and grow amid the chaos? Let's explore the strategies, innovations, and resilient spirit of these businesses, along with potential trends for the future of the crypto industry. • According to a recent report by venture capital firm Lattice Fund, more than 80% of early-stage startups that raised funds in 2022 are still operational today, despite the collapse of prominent cryptocurrencies that caused market declines. In their October 1 report on startup funding, Lattice analysts noted that out of over 1,200 crypto startups that raised a total of $5 billion in 2022, 76% launched products on mainnet, while 18.5% have ceased operations. • Lattice highlighted Ethereum’s restaking protocol, Eigenlayer, as the most successful, with a unique story among 2022 projects, having executed a market launch strategy and delivering a billion-dollar product in 2023. However, only 1.5% of startups achieved “Product-Market Fit” (PMF), and just 12% secured additional funding rounds. • Infrastructure and centralized finance (CeFi) sectors emerged as the most successful investment areas, with 80% of CeFi projects and 78% of infrastructure projects launching products on mainnet. In contrast, the gaming and metaverse sectors faced the highest failure rates. Chasing trendy narratives can lead to failure, cautioned Lattice co-founder Regan Bozman, noting that $700 million was invested in seed rounds for gaming, which had the highest failure rate and many projects failed to launch any products. • Ethereum continues to lead as the preferred layer 1 ecosystem for new projects, with $1.4 billion invested across 314 Ethereum-based startups, although 18% have failed. Meanwhile, all 18 Bitcoin-based startups remain operational and thriving, showcasing their resilience post-failure. • In contrast, Solana's narrative is different. Despite $350 million invested in 87 startups, external factors like the FTX collapse and SOL token's significant depreciation led to 26% of projects failing to survive into 2024. Notably, teams on both Solana and Ethereum are securing follow-up funding, while no projects on Near, StarkNet, or Flow have managed to raise additional rounds. • Despite the solid performance of the “2022 cohort,” Lattice analysts warn that they face more challenges compared to companies that raised funds in 2021. The report highlights a stagnant market with less participation from new retail investors, which may hinder startups in finding product-market fit. • The increase in seed-stage startups and a tighter “token launch market” also means many teams will struggle to release tokens and deliver benefits to investors. • Despite these challenges, investors are shifting focus to hotter sectors like DePIN and AI, as well as new ecosystems like Base and Monad. This indicates that profit will not come from chasing current trends but from anticipating what will become popular in the next 1-2 years. • Thank you for following our channel! We hope the insights and analyses we share help you better understand the cryptocurrency market and the resilience of startups in this space. If you enjoyed this content, please like, subscribe, and follow us to not miss any exciting upcoming videos. Let’s explore new trends and opportunities in the world of cryptocurrency together! See you in the next video! • -------------------------------------------------------------------------------- • Thank you for following our channel! • Please support us by subscribing to YTB channel (or platforms below) • Binance account registration link: • https://accounts.binance.com/vi/regis... • Linhk Register a Coinex account: • https://www.coinex.com/register?refer... • Link to register for a BingX account • https://bingx.com/invite/INVPVA • Gate.io registration link • https://www.gate.io/signup/UgdGAA8J?r... • Bitget registration link • https://www.bitget.com/vi/referral/re... • Bybit registration link • https://partner.bybit.com/b/88798 • OKX registration link: https://www.okx.com/join/7347676

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