In 2022, cryptocurrency-focused startups have outperformed the rest of the crypto industry in terms of investment. This is what the report says Trammell Venture Partners (TVP).
The number of transactions to finance bitcoin projects has increased dramatically by 52.9% compared to 2021. At the same time, the total investment in the Web3 segment increased by only 1%.
The total capital of companies focused on digital gold also increased by 13.9% to $343 million.
In 2022, the first cryptocurrency accounted for about 42% of the total market capitalization of crypto assets.
Despite the growth in numbers, TVP believes that there is a “significant tendency towards irrational use” of capital in the segment. Bitcoin projects accounted for only 2% of total transactions last year.
“The first cryptocurrency has already conquered the basic level of the Internet’s monetary reserve, period. It just hasn’t been widely accepted yet,” said Christopher Calicott, managing director of the company.
In his opinion, projects such as the Lightning Network (LN) micropayment network can give a serious boost to the entire ecosystem. The head of TVP also saw growth potential in a number of areas of the crypto market, including stablecoins.
Recall that in April, Lightspark startup David Marcus introduced a platform for connecting businesses to the Lightning Network. The project team called the development “the first enterprise-level entry point into LN.”
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
In 2022, cryptocurrency-focused startups have outperformed the rest of the crypto industry in terms of investment. This is what the report says Trammell Venture Partners (TVP).
The number of transactions to finance bitcoin projects has increased dramatically by 52.9% compared to 2021. At the same time, the total investment in the Web3 segment increased by only 1%.
The total capital of companies focused on digital gold also increased by 13.9% to $343 million.
In 2022, the first cryptocurrency accounted for about 42% of the total market capitalization of crypto assets.
Despite the growth in numbers, TVP believes that there is a “significant tendency towards irrational use” of capital in the segment. Bitcoin projects accounted for only 2% of total transactions last year.
“The first cryptocurrency has already conquered the basic level of the Internet’s monetary reserve, period. It just hasn’t been widely accepted yet,” said Christopher Calicott, managing director of the company.
In his opinion, projects such as the Lightning Network (LN) micropayment network can give a serious boost to the entire ecosystem. The head of TVP also saw growth potential in a number of areas of the crypto market, including stablecoins.
Recall that in April, Lightspark startup David Marcus introduced a platform for connecting businesses to the Lightning Network. The project team called the development “the first enterprise-level entry point into LN.”
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!