Rootdata: 2024 Q1 Web3 Industry Investment Research Report

Author: rootData Research

1. The total amount of financing in Q1 in 2024 exceeded 2.6 billion U.S. dollars, an increase of 4.7%year -on -year; the total financing of the Defi track increased by more than 150%month -on -month

2024 Q1 BTC price trend and total financing of web3 industry
2024 Q1 Investment and financing amount track TOP3

2. The number of early financing projects in Q1 increased by 10.5%year -on -year, and there are still many unproven technology and solutions in the market.

2024 Q1 project financing amount distribution
2024 Q1 financing amount top5

3. The total investment of the top ten of Q1 increased by 120%month -on -month.

Fourth, the characteristics and trend analysis of the popular search of web3

Bitcoin, Solana, Blast ecological projects have grown rapidly, and the developer’s atmosphere and wealth effect are still an important factor that attracts developers
Web3 investors’ attention allocation is significantly affected by financing events, rotation of second -level sectors, and project TGE events
Project hot search and project secondary price rendering correlation.
Sam Altman has won the top of hot search and clicks. Trading clues based on popular characters are being followed by more investors

summary

The total financing of the web3 industry reached 2.545 billion US dollars in Q1 in 2024, an increase of 4.7%year -on -year. Among them, the Defi track was driven by the popular sections such as RWA and LSD, and the year -on -year and month -on -month financing amount increased by more than 100%.The total inflow of Bitcoin spot ETF funds exceeds US $ 12.1 billion, and the price of Bitcoin is high to more than $ 72,000, a record high.

In the 2024 Q1, the number of projects in investment increased by 10.5%year -on -year, and infrastructure, DEFI and Gamefi track attracted the attention of the capital market.The total investment of the top ten institutions increased by 120%month -on -month, and OKX Ventures is the most active.

Web3 investors’ attention distribution is significantly affected by factors such as large investment, project TGE events, and airdrops of well -known institutions.AI, RWA, LSD, DEPIN and other sectors are fully rotated. Users have higher demand for finding popular investment targets. A total of 113 projects are selected as the ROOTDATA TOP20 project hot search week.The popularity and the secondary market show high correlation.

During the Q1 period, the market has appeared in the market such as “SAM Altman Concepts” and other investment targets to obtain greater attention from the market. Trading clues based on popular characters are being concerned about more investors. As the Web3 industry becomes more mature and attracts more mainstream investors/ enterprises,Home entering, the trading opportunities of characters/events will continue to appear.

1. The total amount of financing in Q1 in 2024 exceeded 2.6 billion U.S. dollars, an increase of 4.7%year -on -year; the total financing of the Defi track increased by more than 150%month -on -month

1.1, 2024 q1 BTC price trend and total web3 financing

Source: rootdata

The US Securities and Exchange Commission (SEC) approved the transactions and listing of 11 spot Bitcoin ETFs on January 10. As of March 31, the total inflow of Bitcoin spot ETF funds exceeded US $ 12.1 billion, and the size of asset management reached 58.341 billion US dollars.Under the influence of BTC spot ETF, the price of Bitcoin rose to more than $ 72,000, an increase of over 60%, a record high, and the market value hit $ 1.40 trillion.

1.2, 2024 Q1 investment and financing amount TOP3 track

Source: rootdata

With the dazzling performance of the Web3 secondary market, ROOTDATA statistics have generated 459 financing events in Q1, the Web3 first -class market, an increase of 28.7%year -on -year, and the total financing value of 2.545 billion U.S. dollars, an increase of 4.7%year -on -year.Among them, infrastructure, DEFI, and CEFI are the three tracks with the most investment and financing amount Q1.

The DEFI tracks increased by more than 100%year -on -year and month -on -month financing. The year -on -year growth of the CEFI track reached 217.71%, although the month -on -month growth was only 1.67%.The reason why the DEFI track can grow is related to the sought after projects such as RWA and LSD since entering Q1, and infrastructure tracks have declined year-on-year and month-on-month (-24.31%and -5.05%).Infrastructure track lacks new narratives, and some fund managers have allocated some funds to the secondary market for the consideration of short -term increase of capital utilization.

2. The number of early financing projects in Q1 increased by 10.5%year -on -year, and there are still many unproven technology and solutions in the market.

2.1, 2024 Q1 project financing amount distribution

Source: rootdata

From the perspective of the financing amount range, the middle and late stages of investment and financing (& gt; $ 10M) remained stable in the 2023 Q1 project in the 2023 period.Phase also shows that there are still many unproven technology and solutions in the market.

According to ROOTDATA data, the top five projects in Q1 in 2024 received a total of over $ 400 million in financing.EIGENLAYER completed the 100 million US dollars of financing led by A16z Crypto, and the pledged track was also one of the hottest trends in Q1 in 2024. Its TVL increased by 1100%in Q1, from $ 1 billion to $ 12 billion.After the Ethereum 2.0 consensus transformed into POS (Certificate of Equity), pledged as a variant of Staking, which attracted more and more investors and projects.

2.2, 2024 Q1 financing amount TOP5

Source: rootdata

3. The total investment of the top ten of Q1 increased by 120%month -on -month.

Source: rootdata

According to ROOTDATA data, the top ten investment institutions with the largest number of investment in Q1 in 2024 participated in a total of 198 investments, an increase of 85%year -on -year, and an increase of 120%month -on -month.Among these investment, infrastructure is the most popular track. The top ten institutions have shot 96 times on the track, accounting for 48%of its Q1 all investment.This data increased by 300%month -on -month and 153%year -on -year.

It is worth mentioning that the top ten investment institutions in Q1 have shot 40 times on the DEFI track, an average of 54%year -on -year and month -on -month; the top ten institutions of Q1 have shot 31 on the GameFi track, which has increased year -on -year and month -on -month growth.210%.Compared with this, the CEFI and DAO tracks have hardly won the favor of the top ten active investment institutions in Q1 in 2024. Perhaps they are related to the two tracks, and the challenges of commercialization are related to the size of capital opening.

Fourth, the characteristics and trend analysis of the popular search of web3

4.1 Bitcoin, Solana, Blast ecological projects have grown rapidly, and the developer’s atmosphere and wealth effect are still an important factor in attracting developers

Most of the number of L1/L2 projects show the “V” trend, which may be affected by the Spring Festival holiday in East Asia in February, the number of new projects has dropped sharply, and the first quarter of the first quarter was reached in March.

Ethereum is still the preferred ecology of the Web3 project, and Bitcoin, Solana, and Blast ecology has grown rapidly.The Bitcoin ecology has developed from the inscription to runes, and the narrative is still increasing.Sol rose more than 129%in the first quarter, making Solana one of the most eye -catching public chains.20 native projects in BLAST ecology have completed financing, and the data is leading other Layer2.

Some popular L1/L2 ecological projects that are not included are individual digits, such as ZKSYNC, StarkNet, Aptos, SUI, Near, etc. This stems from the lack of effective guidance or the main network operation cycle of the technical language, the foundation of the foundation is short.related.

4.2 WEB3 investors’ attention distribution is significantly affected by financing events, rotation of second -level sectors, and project TGE events

The ROOTDATA Hot Search List Ranking Comprehensive considerations The number of clicks, search quantities and collectives in the project will reflect the popularity of the project in the market.At present, the list has become one of the important references of encryption projects.

Most of the projects have received large investment in well -known institutions. For example, Eigenlayer completed a $ 100 million Series B financing on February 22, which is the largest single financing in the first quarter.IO.NET completed a Series A financing at a valuation of $ 1 billion on March 5.

The second -level market performance has made “old” L1/L2 such as “old” L1/L2, such as Solana and Metis.At the same time, the second -level public chain APTOS and SUI have also received the value overflow of rotation of the L1/L2 sector.

The project TGE event is one of the important factors to get market attention.StarkNet, Manta, ZetAChain and other projects announced the airdrop plan in January.

AI, RWA, LSD, DEPIN and other sectors have brought users to increase the demand for users to find popular investment targets, and the number of projects is sprayed.

4.3 Project hot search and project secondary price rendering, the public chain and DEFI project are still the most search for user search.

ROOTDATA popular project and its secondary market performance (part) Source: rootdata

In the first quarter, ROOTDATA released a total of 12 TOP20 projects in the 12 -phase TOP20 project. A total of 113 projects were selected.In general, the search volume is closely linked with the market. The influencing factors mainly include narrative, project TGE events, and market performance.

Public chain and DEFI search are the most proportion of asset types.New asset categories are the easiest to get investor attention, such as Layer3, modular network, re -pledge agreement …

Among the 12 already TGE projects, the ROOTDATA search popularity is related to the secondary market, and even reflects forward -looking in the secondary market performance of Pyth Network, Manta Network, Jupiter and other projects.

4.4 SAM Altman won the top of the hot search and clicks. Trading clues based on popular characters are being followed by more investors

Source: rootdata

In the first quarter of 2024, there were 12 people who always appeared on the hot search list. The highest searches were SAM Altman. He was the founder and CEO of OPENAI.Followed by Jack Lu, he is a partner of NGC Ventures, and he is also a co -founder of many popular blockchain projects such as Bounterbit, Bitune, BOUNCE, Chainswap.In addition, Balaji Srinivasan, Jia Yaoqi, Anatoly Yakovenko is very popular.

It is worth noting that during the Q1 period, investment targets such as “SAM Altman Concepts” have attracted greater attention to the market. This is in line with the characteristics of the current WEB3 industry’s main trading structure. WLD, ARKM, and FET have become popular investment targets in the quarter.As the Web3 industry becomes more mature and attracts more mainstream investors/entrepreneurs to enter, the trading opportunities of characters/events will continue to appear.

Source: rootdata

When the project completes the TGE incident, there are usually changes with more personnel.Former Layerzero strategy director Irene Wu has joined Bain Capital Crypto as a risk partner; Sebastien, former head of ZKSYNC Defi, has left the post and has become the co -founder of ZKSYNC modular blockchain SOPHON.