Author: Alliance, Translation: Jinse Finance xiaozou
Every year, more than 3,000 crypto startup applications apply to join the Alliance accelerator. We have compiled this data into an annual report to share unique trends and insights. The following is the main content of the report.
1、L1
Which blockchains will startups choose?
• Ethereum remains the main ecosystem chosen by startups for development and construction (accounting for about 2/3 of the startups applying).
•Solana (currently 18%) and Bitcoin (5%) have grown rapidly over the past year and a half. We expect to see more Solana startups in the next annual report.
2、EVM L2
•Within the Ethereum ecosystem, 59% of startups are now building on Optimistic rollups (Optimism, Base, and Arbitrum).
•Polygon is losing mind share, and Polygon zkEVM lags behind its Optimistic competitors.
•Base has grown the fastest, growing to over 28% in just one year. We expect this number to continue to grow.
3Vertical Products
What types of products are our applicants building?
•Vertical products that are becoming increasingly popular: infrastructure, DeFi, payments, AI x Crypto.
•Vertical products that are increasingly out of favor: DAOs and NFTs.
4. Geographical location
Where are the founders located?
• Europe (31%), the United States and Canada (29%), and Asia (27%) are currently the three regions with the most startups.
• However, due to regulatory issues and other reasons, the proportion of startups in the United States and Canada has been steadily declining, while Asia and Africa have continued to grow. 5. Hot buzzwords Which keywords are mentioned frequently? • Buzzwords that have become increasingly popular in the past 12 months include: fully homomorphic encryption (FHE), chain abstraction, meme, SocialFi, prediction market, liquidity staking, restaking, RWA real-world assets, stablecoins, L1, L2, and L3. Thankfully, L4 has not been mentioned yet.
6. Background of the founder
Which schools and companies did the founder come from?
• Today, 30% of founders applying to our accelerator have experience at large tech companies (S&P500), and 12% of founders attended top universities (QS top 100 universities).
7Team Composition
What is the composition of the founding team?
• 39% of startups have only one founder, and in those with multiple founders, their equity is often divided more or less equally.
• 72% of crypto startups are fully remote (no employees are working on-site).
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Aaron