New data from crypto analytics firm Messari reveals that money is pouring into crypto projects in defiance of falling markets.
According to a new report compiled with fundraising tracker Dove Metrics, Messari shows that crypto firms raised over $30 billion in nearly 1,200 rounds during the first half of 2022.
The report highlights several key sectors of the industry as receiving massive cash infusions despite the bear market, which has kept investors frustrated since last November.
Messari’s senior research analyst Thomas Dunleavy provides more details about the survey, first noting that,
“The biggest highlight: despite the bear market there was more invested in H1 2022 than all of 2021.”
Dunleavy next dives into several crypto niches, starting with decentralized finance (DeFi) and the affiliated decentralized exchanges (DEXs).
“Despite an epically rough May, deals accelerated for DeFi in June. DEXs led the way.
The majority of deals and dollars raised was on Ethereum-based...
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