Everyone's favorite funding stat from 2021 is that 1 out of 5 VC dollars went to a #fintech.
What's MORE impressive?
Equity investments in #crypto companies grew 800% year over year - 4x faster than investments in fintech.
Some other notable stats - a 🧵
2/x
There are now over 400 DeFi protocols on Ethereum alone, with an aggregate ~$124 Bn in TVL (Total Value Locked).
That's up from a mere $17.5 Bn at the start of 2021.
3/x
There are close to 3,000 Dapps running on Ethereum - including heavyweights like @opensea, @ensdomains , and @decentraland.
Combined, they processed ~219,000 transactions worth ~$280MM in the last 24 hours.
(H/T @StateOfTheDApps)
@opensea @ensdomains @decentraland @StateOfTheDApps 4/x
Follow the talent.
Developers are excited about the potential for building on blockchain.
There are >18,000 developers working in the Web3 ecosystem.
60% of those started working on #Web3 projects for the first time in 2021.
(H/T @ElectricCapital )
@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 5/x
The market cap of L1s and the TVL has dropped amid the broader market pull back in crypto & equities.
But the correction is already showing signs of reversing.
@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 6/x
The main current drivers of user adoption?
NFTs & gaming.
Gaming is the #1 category for Ethereum Dapps, accounting for ~18% of apps.
NFTs account for 4% of Ethereum Dapps, but ~42% of transactions, driven by the popularity of #NFT marketplace OpenSea.
@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital 7/x
Wallets are a key access point to the crypto ecosystem & are becoming a battleground.
@MetaMask , the top wallet for Ethereum, has 21m+ MAUs.
Phantom, the most popular wallet for Solana, claims 2.1m users.
@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital @MetaMask 8/x
Fintech heavyweights @CashApp , @robinhood, and @PayPal are continuing to add crypto functionality.
The overlap of crypto/DeFi/Web3 and "TradFi" will continue to grow.
@opensea @ensdomains @decentraland @StateOfTheDApps @ElectricCapital @MetaMask @CashApp @robinhood @PayPal 9/9
What other interesting stats have you seen?
1. Quote retweet your thoughts on crypto stats
2. Follow me for more learnings in crypto, DeFi, and Web3
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