In 2022, projects in the DeFi sector attracted $2.71 billion in investments. This was 190% higher than the $0.93 billion recorded the year before, according to CoinGecko’s analysts.
1/ Ever wondered how much funding each #crypto sector raised every year? ?
Crypto fundraising for #DeFi projects rose by 190% in 2022, while funding for CeFi shrank 73%.
Read the full study: https://t.co/RXuNPqjWja pic.twitter.com/COES5BRVvf
— CoinGecko (@coingecko) March 4, 2023
Investors’ interest in the CeFi segment fell sharply — year-on-year investments dropped from $16.29 billion to $4.39 billion.
In the DeFi space, Uniswap and Lido Finance attracted $165 million and $94 million respectively.
However, the largest round was Luna Foundation Guard’s sale of LUNA tokens for $1 billion in February. About three months later, the Terra collapsed.
In CeFi, the largest recipient of investments in 2022 was the Bitcoin exchange FTX — $800 million or 18.6% of the total. The platform, together with about a hundred affiliated companies, filed for bankruptcy in November.
Analysts noted the resilient financing of blockchain infrastructure and services projects. The sector attracted $6.1 billion, up 40.2% from 2021.
Analysts also noted growing investor interest in AI and data-processing projects. Year-on-year investments rose by 65.1%.
As noted, Fred Wilson, co-founder of Union Square Ventures, warned investors about the serious risks of investing in the Web3 industry in 2023.