The analytics company Messari reported that in the first half of 2022, investments in the crypto industry reached $30.3 billion, which is more than in the whole of 2021.
Analysts believe that despite the default of centralized exchanges (CeFi) in the second quarter, the sector is still attracting investment. It has raised a total of $10.2 billion in capital this year, ahead of decentralized finance (DeFi), Web3 and NFT.
According to the report, the upward trend in investments in crypto projects showed a steady increase in the first half of the year compared to the previous six months. Cryptocurrency and traditional funds raised a total of $35.9 billion in 2022, surpassing $19 billion in 2021.
Investors see the cryptocurrency industry as a growing industry with huge potential, so they are mainly focused on projects at an early stage of development.
This trend manifested itself in the first half of the year, when, against the backdrop of stable funding for NFT projects, Ethereum lost its leadership. Only $1.1 million was invested in Ethereum-based projects, compared to $2.9 billion invested in similar blockchains.
Recently, Solana-based NFTs have attracted the attention of investors due to low fees. This is especially evident in the growing popularity of the Magic Eden marketplace, which raised $130 million this June.
Recently, the analytical resource The Balance reported that despite the bearish trend in the market, 39% of US investors began to invest more in cryptocurrencies.
Source: Bits
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
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