Degen

According to the Lattice VC report, more than 80% of digital currency startups that received initial funding in 2022 will continue to operate.  This statistic is promising despite several crises in the cryptocurrency industry that year, including the collapse of Terra-Luna and the bankruptcy of FTX.  In 2022, venture capitalists invested more than $5 billion in 1,200 teams, 2.5 times more than in 2021.  However, only 1% of these teams have achieved product-market fit, and only 12% have successfully reinvested.  This statistic shows that many of these startups are facing serious challenges to survive.