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Q4 2022
Crypto Report
February 10, 2023
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Crypto weathered a stormy Q4
2022 proved to be a difficult year for cryptocurrency investors. The implosion of FTX, which led to a subsequent decline in investor confidence, capped a year full of crises.
While Q4 produced some strong headwinds for crypto, our latest quarterly wrap-up suggests there’s a more complicated picture of trends and figures. Quarterly deal counts took dives, but annual records were still smashed.
Takeaways include:
Table of contents
Crypto weathered a stormy Q4
2022 proved to be a difficult year for cryptocurrency investors. The implosion of FTX, which led to a subsequent decline in investor confidence, capped a year full of crises.
While Q4 produced some strong headwinds for crypto, our latest quarterly wrap-up suggests there’s a more complicated picture of trends and figures. Quarterly deal counts took dives, but annual records were still smashed.
Takeaways include:
- VC deal count and value totals dropped 39.6% and 47.9% on a quarterly basis, respectively.
- Despite the declines, 2022 still set records for crypto, reaching all-time highs for capital invested, at $26.2 billion, and number of deals set, at 2,541. Investment rose across all stages, with seed funding up 53.8% year-over-year.
- Several emerging opportunities remain for crypto investors, including real-world asset tokenization and the creation of more providers to stake tokens.
Table of contents
| Vertical overview | 3 |
| Q4 2022 timeline | 5 |
| Crypto landscape | 6 |
| Crypto VC ecosystem market map | 7 |
| VC activity | 9 |
| Emerging opportunities | 18 |
| RWA tokenization | 19 |
| Staking providers | 22 |
| Select company highlights | 26 |
| Obol | 27 |
| Courtyard | 29 |
| GoGoPool | 30 |