**Crypto Startups Defy Odds: Over 80% Still Active Post-2022 Funding**

Despite the crypto market turmoil, a new report from Lattice Fund reveals that over 80% of early-stage crypto startups funded in 2022 are still operational. Out of 1,200 startups that raised $5 billion, 76% launched products on the mainnet, although 18.5% have since shut down.

Key findings include:

- Ethereum re-staking protocol Eigenlayer emerged as the standout success.

- Only 1.5% achieved "Product Market Fit," and 12% secured additional funding.

- CeFi and infrastructure projects had the highest success rates.

- Gaming and metaverse sectors faced the highest failure rates.

Ethereum remains the top choice for new projects, while Bitcoin startups showed the highest resilience. However, Solana-based projects struggled, with 26% failing due to external factors like the FTX collapse.

Lattice analysts warn that the "2022 vintage" faces tougher conditions than 2021, with a flat market and increased competition. Investors are shifting focus to emerging sectors like DePIN and AI.