Coin World News Report:
Author: Alliance, Translator: xiaozou
Every year, more than 3,000 applications from cryptocurrency startups apply to join the Alliance Accelerator. We have compiled this data into an annual report, sharing unique trends and insights. Here are the main points of the report.
1. Which blockchains do L1 startups choose?
• Ethereum remains the primary ecosystem chosen by startups for development and construction (accounting for about 2/3 of the startup 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 based on Optimistic rollups (Optimism, Base, and Arbitrum) for development and construction.
• Polygon is gradually losing market share, and Polygon zkEVM lags behind Optimistic competitors.
• Base has grown the fastest, increasing to over 28% in just one year. We expect this number to continue to grow.
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 such as DAO and NFT.
4. Geographic 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 startup companies.
• 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 staking, restaking, real-world assets (RWA), stablecoins, L1, L2, and L3. Thankfully, L4 has not been mentioned yet.
6. Founder backgrounds
Which schools and companies do the founders come from?
• Currently, 30% of the founders applying to our accelerator have experience in large tech companies (S&P 500), and 12% of the founders have attended top-ranked universities (QS Top 100).
7. Team composition
How are founding teams structured?
• 39% of startup companies have only one founder, and in those with multiple founders, their equity is often evenly distributed.
• 72% of cryptocurrency startups operate entirely remotely (no employees working on-site).
