Despite the ongoing downturn in the market, the crypto sector has already raised $30.3 billion, more than the full year’s fundraising in 2021, according to a new report.

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In an Aug. 2 report by analytics firm Messari and Dove Metrics, data shows that $30.3 billion raised in centralized finance (CeFi), decentralized finance (DeFi), non-fungible tokens (NFTs), and infrastructure was generated through 1199 funding. rounds in the first half of 2022.

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The total amount raised over the six-month period has already exceeded $30.2 billion raised in 1,313 rounds for all of 2021.

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More than a third of all funds raised went to the CeFi sector, with $10.2 billion in funding. The infrastructure and NFT sector has also received large amounts of investment, however DeFi investment appears to have lagged behind with only $1.8 billion released during this period.

Most of the investment in CeFi has gone to crypto exchanges, with a total funding of $3.2 billion. Payment services, market makers and savings/bank accounts came in second.

The Web3 and NFT sector, which raised $8.6 billion during the half year, saw gaming-related NFTs capture the lion’s share of the investment, raising more than four times as much as any other NFT vertical.

Some of the currently popular NFT-based crypto games include Axie Infinity, Aavegotchi, CryptoKitties, Galaxy Fight Club, and Gods Unchained.

NFT Volume Was Low YOY In June, But Buyers Remain Consistent

According to the latest hedge fund PWC report in June, 38% of hedge funds are now investing in digital assets, up from 21% in 2021.

PVC Global financial services chief John Garvey said cryptocurrencies are increasingly being used by hedge fund managers to gain an edge over competitors:

This is the search for the alpha. Everyone is always looking for angle… so how are you going to beat the tests? You should try something different, new and unorthodox.”