Ethereum Startups Lead in Venture Capital Race
In 2024, venture capitalists (VCs) are projected to invest a whopping $12 billion into cryptocurrency startups, with a significant portion favoring Ethereum-focused projects over those on the Solana blockchain. Ethereum startups have demonstrated a notable edge in the competitive landscape of decentralized finance (DeFi) and blockchain technology. According to a comprehensive report by the venture capital fund Lattice, Ethereum-based startups that sprang up in 2022 have outperformed their Solana counterparts. This comes as a notable instance where entrepreneurs who pursued popular narratives, such as web3 gaming, faced challenges, with the data showcasing Ethereum's relative robustness.
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