Is the Bear Market in Bitcoin Over? Crypto Companies Can’t Find Money

Current data has revealed that cryptocurrency companies are experiencing serious difficulties in finding money and making deals.

Crypto analytics platform Messari published a striking report on cryptocurrency companies’ search for funding. Messari, ongoing bear market The clearest sign is that cryptocurrency companies Difficulties in finding money showed.

In the report, in the 3rd quarter of 2023, the total 297 different agreement Cryptocurrency companies that provide $2.1 billion It was stated that he raised funds around . Both categories compared to last quarter 36% decrease showed.

According to current data, agreements made and funding provided in the cryptocurrency sector lowest level in the last 3 years declined.

The 3rd quarter of this year has been on record since the 4th quarter of 2020 in both overall funding amounts and deal numbers. lowest volume quartile happened.

Seed investments are the favorite of this quarter

The majority of the deals made in the third quarter of this year “seed investment” It created early investor funding called. In this context 98 different deals Cryptocurrency companies that provide $488 million worth of investments. Early investment funding in the 4th quarter of 2020 37% from the deal share in the 3rd quarter of 2023 a share of 48% rose.

On the other hand, strategic funding agreements among funding revenues increased steadily throughout the bear market. At the peak of the bull market in Q4 2021, strategic rounds are only 0.2% strategic funding agreements with a share, by the 3rd quarter of 2023 to 22% rose.

The following statements were made about this increase in the report:

The increase in strategic funding deals shows that challenging market conditions are forcing projects to organize short-term bridge rounds or ultimately be acquired by larger projects.

Binance Labs investment winner

According to the presented report, the cryptocurrency industry 10 most active investors in the 3rd quarter 98 investments carried out. In this process Binance Labs is by far the most active investor happened. Binance Labs in the second quarter of 2023 23 agreements It has secured more than twice as many investment deals as its closest competitor, Robot Ventures.

The first two sectors in which Binance Labs invests the most are DeFi And game sectors happened. Zero knowledge And security technology Development projects were also among Binance Labs’ investment targets.

source site-9