Binance Research Data insights into the current situation and trends of cryptocurrency financing in 2023

Binance Research Report Unveiling the State and Future of Cryptocurrency Financing in 2023 - Data-Driven Insights

Written by: Binance Research Institute

Overview

• “Insights into Cryptocurrency Financing in 2023” is a compilation of financing charts and insights from the past year by the Binance Research Institute.
• Despite a downward trend in 2023, the market has shown resilience, with trading and investment maintaining steady growth. Within this continued growth, gaming and infrastructure projects have occupied a significant share.
• Since the beginning of this year, the participation of traditional VCs in investments has increased to 45%, and the gap between traditional VCs and Web3 investors has gradually narrowed. Hack VC is leading among traditional venture capital firms, with diversified investments in gaming and infrastructure sectors.
• In the past four quarters, infrastructure projects have consistently raised the most funds, with the quarterly financing amount gradually increasing from 26% in Q4 2022 to 44% in Q3 2023.

<img alt="Binance Research Institute: Insights into the Current Status and Trends of Cryptocurrency Financing in 2023" src="https://blockchain.miximages.com/cdn-img.panewslab.com//panews/2022/11/15/images/2752dbfe8492612303c64eA blank line.

• Rollup Money Tree Exploring Sorter’s Benefit Distribution and Decentralized Solutions
• The ‘Hot Potato’ wave is coming, sparking a meme movement with a potato worth over $3200.
• After traditional games face difficulties in production, Ubisoft continues to invest in Web3.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!