🌏 Asia and Africa Show Notable Growth in Crypto Startups in 2024 🌍
📊 Alliance DAO reported a rise in crypto-based startups in Asia and Africa. Ethereum remains the largest Layer 1 (L1) blockchain, dominating the crypto ecosystem.
🔍 An X article from the crypto accelerator and DAO community shared insights for H1 2024. The report revealed that Asia and Africa saw an increase in crypto startups. There have also been advancements in regulations and new launches in these regions.
🌍 Europe has now surpassed the US, becoming the leading region with 31.4% of crypto startups. The US hosts 29%, while Asia is the third-largest with 26.8%. Africa has risen to 5.2% this year.
📉 In 2021, the US led with nearly half of all startups. The drop is due to regulatory uncertainties in the US. Eastern countries attract entrepreneurs due to emerging markets in their regions. Latin America hosts 5.8% of global crypto startups, and Oceania holds a smaller percentage.
📈 How Did Crypto Startups Perform in H1 2024? Alliance DAO provides insights from their large sample size and unbiased approach. Startups in DeFi, payments, AI x crypto, and infrastructure have increased. Many use NFTs for expenses. Ethereum dominates as an L1, but Solana is also seeing a surge.
📈 Regions with growth have new advancements. Hong Kong, for example, announced licensing for certain crypto exchanges to operate in the city.
📈 The crypto market is starting to recover after a recent crash, according to CMC data.
Stay tuned for more crypto sights! 👍
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