Title: Reflecting on 2022: A Look at Cryptocurrency Seed Stage Trends
Source: Insights from Lattice Fund
Compiled by: Deep Chao TechFlow
Hey there! Last year, we shared our analysis of the 2021 Seed Stage landscape to give you a glimpse of the trends unfolding in the cryptocurrency space. We dove into questions like how many projects made it to mainnet, which ones found success in the market, and who launched their coin.
Now, in 2024, we’re shifting our focus to the developments of 2022 to provide you with a better understanding of the progress and patterns in the seed stage of the crypto industry. Our report delves into over 1,200 public cryptocurrency pre-seed and seed rounds from 2022, shedding light on industry-wide, sector-specific, and ecosystem-level trends. Just like before, we’re opening up our database for exploration and analysis. We’d love to hear your thoughts and any corrections you may have. Feel free to reach out to us at [email protected].
Let’s break it down for you:
### Key Highlights of 2022:
**Discoveries and Milestones:**
– Across different sectors, we witnessed groundbreaking success stories in 2022.
– Notable projects like Eigenlayer, Privy, Sei, Perp Dex, Vertex, Apex, and Blur made waves in the infrastructure, DeFi, and gaming categories.
**Navigating Challenges:**
– Despite a tougher market environment, around three-quarters of projects managed to launch products on mainnet.
– However, the journey to securing product market fit and follow-on funding became more demanding compared to the previous year.
– Some teams had to close shop or halt development, with only a small percentage securing additional venture funding.
– The number of projects launching tokens saw a significant dip from the previous year.
**Focus on Infrastructure and CeFi:**
– Investors leaned towards established sectors like Infrastructure and Centralized Finance (CeFi), pouring in billions.
– Most of the projects in these categories successfully launched on the main network, reflecting investor confidence.
– Consumer-focused teams faced higher closure rates compared to infrastructure projects.
**Ethereum Dominance and Resilient Bitcoin Projects:**
– Ethereum continued to lead the pack in fundraising, while Bitcoin projects showed steadfastness.
– Meanwhile, projects in ecosystems like Solana and Polkadot experienced fluctuations in funding levels.
– Moving forward, it will be interesting to see how the landscape evolves and which ecosystems rise to prominence.
### Methodology:
We’ve curated our findings based on a mix of in-house data and insights from industry sources like Messari, Root Data, and Crunchbase. Assessing product market fit was a significant challenge, as it involves subjective criteria that can evolve rapidly in the crypto space. Our decisions were informed by on-chain data, company sources, and analytics providers.
We’ve structured our analysis to provide a comprehensive overview of the seed stage market, offering insights into project statuses, ecosystem nuances, and industry trends. Our aim is to equip you with actionable insights to navigate the ever-evolving crypto landscape.
As we look ahead, we anticipate continued innovation and adaptation within the cryptocurrency seed stage domain. Stay tuned for more updates and developments as the industry continues to shape the future of finance and technology.
To dive deeper into the 2022 Seed Stage Retrospective, check out the [original link](https://www.lattice.fund/writing-and-press/2022-seed-stage-retrospective).
Feel free to explore the [source article](https://m.theblockbeats.info/flash/55264) for additional insights and perspectives.
