CBinsights：2021年区块链现状报告（EN）_170页_4mb

State of Blockchain 2021 Summary

Core Content

The State of Blockchain 2021 report by CB Insights provides an in-depth analysis of blockchain and cryptocurrency dealmaking, funding, and exits in the private market. It highlights the significant growth and evolution of the blockchain sector, particularly in 2021, driven by increasing interest from both consumers and institutions.

Main Points

Global Funding Growth

• Global blockchain funding surged by 713% YoY to reach $25.2B in 2021.
• Mega-round funding (over $100M) totaled $15.5B, accounting for 60% of total funding.
• 59 mega-round deals were recorded in 2021, with $6.4B raised in Q4'21 alone.
• US led global funding with $14.1B, representing 56% of the total.
• New York was the top US metro for blockchain funding, raising $6.5B or 46% of US total.
• Silicon Valley ranked second in US funding at $3.9B.
• Los Angeles and Miami were tied for third with $760M each.

Blockchain Deals

• Total blockchain deals reached 1,247, up 88% YoY.
• 5 blockchain deals per business day in 2021.
• 79% of deals were early-stage, indicating a maturing market.
• Early-stage deals accounted for 79% of the total deal share in 2021.
• US led in early- and mid-stage deal share, while Asia dominated late-stage deals in Q4'21.

Blockchain Unicorns

• The number of blockchain unicorns jumped from 9 to 47 in 2021.
• 40 new unicorns were born in 2021, with 2 public exits.
• FTX was the top unicorn with a $25B valuation, followed by OpenSea at $13.3B.
• US had 26 unicorns, Asia had 10, and Europe had 5.
• New York and Silicon Valley were the top US regions for unicorn growth, with New York leading in total funding.

Top Investors

• Coinbase Ventures was the top blockchain investor, funding 68 companies.
• AU21 and Andreessen Horowitz followed with 51 and 46 companies respectively.
• Animoca Brands and Alameda Research were among the top corporate investors, funding 25 and 14 companies respectively.
• VCs accounted for 25% of investor deal share in Q4'21.

Key Sectors

• Exchanges & Brokerages received the largest share of blockchain funding, with $6.4B or $1 in $4.
• NFTs saw $4.8B in funding, a 130x increase from 2020.
• DeFi had 240 deals, a 94% increase YoY, with $3.4B in funding.
• Gaming, marketplaces, and infrastructure were the top NFT categories.
• DeFi was driven by higher-than-average yield products, efficient transactions, and growing institutional interest.

Key Information

• Global blockchain funding reached $25.2B in 2021, with a 713% YoY increase.
• Blockchain deals hit 1,247, up 88% YoY.
• Mega-round deals accounted for 5% of total deals but 60% of total funding.
• US dominated the market with $14.1B in funding, while New York led with $6.5B.
• NFTs and DeFi were the fastest-growing segments, with $4.8B and $3.4B in funding respectively.
• FTX was the most valuable blockchain unicorn at $25B, followed by OpenSea at $13.3B.
• Coinbase Ventures was the top investor with 68 funded companies.
• M&A exits totaled 59, with 8 being IPOs or SPACs.
• Q4'21 saw the highest funding and deal activity, with $6.3B in US funding and $15.5B in mega-rounds.

Conclusion

The year 2021 marked a significant turning point for the blockchain industry, with record funding, a surge in dealmaking, and the emergence of numerous unicorns. The US remained the dominant player in funding and deal share, while NFTs and DeFi saw explosive growth. The report underscores the growing interest in blockchain technologies and highlights the key players shaping the future of the industry.