Coin World News Report:
Author: Alliance, Translator: xiaozou
Every year, more than 3,000 cryptocurrency startups apply to join the Alliance Accelerator. We have compiled this data into an annual report, sharing unique trends and insights. The following are the main findings of the report.
1. Which blockchains are chosen by L1 startups?
– Ethereum remains the main ecosystem chosen by startups for development and construction (accounting for about 2/3 of the applications).
– Solana (currently at 18%) and Bitcoin (5%) have grown rapidly in 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 developing and building based on Optimistic rollups (Optimism, Base, and Arbitrum).
– Polygon is gradually losing market share, with Polygon zkEVM lagging behind Optimistic competitors.
– Base has experienced the fastest growth, reaching over 28% in just one year. We expect this number to continue growing.
3. Vertical Products
What types of products are our applicants building?
– Increasingly popular vertical products include infrastructure, DeFi, payments, and AI x Crypto.
– Declining in popularity are vertical products related to 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 top three regions with the most startups.
– However, due to regulatory issues and other reasons, the percentage of startups in the United States and Canada has been steadily declining, while Asia and Africa continue to grow.
5. Popular Buzzwords
Which keywords are frequently mentioned?
– Popular buzzwords in the past 12 months include Fully Homomorphic Encryption (FHE), chain abstraction, meme tokens, SocialFi, prediction markets, liquidity mining, restaking, real-world assets (RWA), stablecoins, L1, L2, and L3. Fortunately, L4 has not been mentioned yet.
6. Founder Background
Which schools and companies do the founders come from?
– Currently, 30% of the founders applying to our accelerator have experience with large tech companies (S&P500), and 12% have attended top-ranked universities (QS Top 100).
7. Team Composition
What is the composition of the founding teams?
– 39% of startups have only one founder, and in those with multiple founders, equity is often evenly distributed.
– 72% of cryptocurrency startups operate entirely remotely (without employees working on-site).
