, known for its volatility, has faced a whirlwind of challenges in the past year. Yet, a surprising statistic has emerged: 80% of crypto startups launched in 2022 are still operational despite the chaos.
Unlike the speculative frenzy that characterized earlier periods in the crypto space, many startups founded in 2022 have been more pragmatic, focusing on real-world use cases for blockchain technology. Others have emphasized cost-cutting measures and lean operations to ensure they remain viable through the market downturn.
While some startups folded under this pressure, others have seen it as an opportunity to build more trust with users and regulators alike by adhering to stricter standards.One factor that cannot be ignored is the continued involvement of venture capital in the crypto sector. Despite the market downturn, VCs have remained committed to funding promising crypto startups, albeit with more caution than during the 2021 bull run.