defiIgns compiled the crypto industry financing situation in November 2022, and reviewed the comparison of DeFi and NFT project financing in the past two years, as well as some major industry financing since 2014. There are many interesting facts. (Translated and published with permission from defiIgnas)
November this year was the toughest for cryptocurrency fundraising in two years.
Total funding fell 84% year-over-year: $850 million versus $5.25 billion in November 2019.
First, there were 65 disclosed financings in November, a 55% decrease compared to the same period last year.
Web3 and Infrastructure saw the most funding, with#DeFiaccounting for just 11 of those.
In US dollar terms, the year-on-year decline was even worse.
Funding fell 84%, from $5.25 billion to $840 million last month.
The number and amount of funds raised in November were the lowest in nearly two years.
In fact, November 2021 was the best month for cryptocurrency fundraising on record.
DefiLlama puts the amount raised at $7 billion.
Interestingly, the amount raised in the private sale coincided with BTC’s ATH price of $69K.
The chart below shows#BTCprice vs funding amount.
It is clear that the financing is related to BTC.
As an aside, it’s crazy how much money EOS raised in 2018 (and how little they did to build it).
June 2018 was the second-best month for funding in cryptocurrency history, thanks to EOS.
In total, the cryptocurrency industry has raised $83.4 billion since 2014.
These are the top 5 rounds that attracted attention due to “value collapse”.
- EOS - $4.2 billion
- FTX – $2.1 billion
- LFG by Terra - $1 billion
- Celsius - $814 million
- BlockFi – $949 million
Only $17.3M was raised during the#ETHICO.
(Chart credit goes to CharlieXYZ_)
Of the total funding, 33.4% went to#CeFicompanies, followed by Infrastructure (27.1%) and Web3 (17.2%).
DeFi has attracted $6.49B in funding since 2017, which is less than what#NFTprojects have raised since 2018.
Even worse: 865 funding rounds for#DeFivs. 596 funding rounds for NFTs.
By round type, Series B rounds attracted the most cash ($11.5 billion), with FTX being the largest financier at $900 million.
The company raised $10.5 billion in Series A funding, of which MoonPay received $555 million.
Surprisingly, seed rounds came in third at $8.1 billion. Yuga Labs’ round was valued at $450 million.
#DeFi projects are raising less cash per round compared to other sectors.
Some of the largest financings of all time:
1. Lithosphere network: $400 million
2. BitDAO: $230 million
3. Capricorn: $200 million
4. Unizen: $200M
5. 1inch: $175 million
and Uniswap – $165 million in Series B funding.
The data is clear: cash is plentiful during bull markets and dries up when cryptocurrency prices fall.
Right now we are at a low point in terms of funding rounds and funding amounts.
The project has not been able to raise much cash, and the company is laying off employees.
