2023-03-01-CBInsights-2022年区块链状况报告（英）_162页_3mb

Analysis Summary

Overview

The 2022 State of Blockchain report by CB Insights highlights a global blockchain market experiencing significant downturn due to the crypto winter, with total funding dropping to $26.8B—down 64% YoY from previous levels. Despite this, deal volume reached 1,828, slightly increasing from 2021. Key drivers included the FTX bankruptcy, Celsius collapse, and broader macroeconomic pressures, which eroded investor confidence. The report emphasizes a shift in regional power, with Asia and Europe gaining market share, while the US remains a leading hub for investment.

Global Trends

Blockchain funding peaked at $26.8B in 2022, reflecting a 64% YoY decline. Deal activity increased, with infrastructure development and institutional crypto leading subsectors. Regional breakdown shows the US accounting for about 50% of global funding, but Asia saw nearly 50% YoY growth. Exits reached new highs, though IPOs and SPAC activity remained minimal.

Unicorns and Investment

The unicorn count (companies valued over $1B) stabilized at 79 at year-end, with FTX's bankruptcy and investor scaling back plays due to reduced trust. Early-stage deals dominated, but mega-round funding fell 14% YoY. Geographic trends indicate Asia and North America leading in unicorns, with Europe showing strong growth.

Geographic Distribution

• US: Remains dominant, with over half the unicorns and highest funding. Silicon Valley and New York are key hubs.
• Europe: Grew its share, with record funding in infrastructure and development.
• Asia: Emerged as a leader in specific categories like Web3 and crypto exchanges, with Singapore and Hong Kong as hotspots.
• Other Regions: Notable growth in Africa and Latin America, though overall investment remains concentrated in major economies.

Category Insights

• Web3: Funding surged to $15.1B, driven by Asia, but quarterly declines followed due to market cooling. Web3 saw early-stage focus and unicorn growth despite volatility.
• Institutional Crypto: Facing funding challenges, with institutional demand waning amid price drops, though infrastructure remained strong.
• NFTs, Gaming, & Metaverse: Experienced a 56% YoY funding drop, with M&A exits doubling, indicating maturation in this sector.
• DeFi: Post-2022, DeFi funding declined but maintained steady deal activity, with early-stage leadership and growth in innovation.
• Crypto Exchanges & Wallets: Suffered the steepest funding drop (48% YoY), adjusting post-crypto winter, but deal volume held steady.

Methodology and Notes

The report includes equity financing into private companies only, excluding debt, non-equity funds, and public listings. Valuation data uses post-money figures from four reliable sources, with verification through regulatory filings and credible media. This summary captures key trends based on quarterly and yearly data trends.