AllianceDAO’s accelerator program, which receives approximately 3,000 applications each year, has uncovered interesting developments in the crypto startup world during the first six months of 2024. This large sample size provides exclusive information on the industry’s trends, specifically regarding popular blockchains, product emphasis, geographic spread, and founder profiles. Below are the five main trends influencing the crypto startups environment.
1. Dominant Chains and Layer 1 Ecosystems
Ethereum continues to be the top ecosystem for new crypto startups. Solana is displaying indications of a robust comeback after encountering major obstacles post the FTX downfall in the second part of 2022.
L1 breakdown over time (Source qw on x.com)
On the other hand, Bitcoin is currently gaining renewed attention because of the increasing excitement surrounding Bitcoin ordinals, runes, and Layer 2 solutions.
2. The Rise of Ethereum Layer 2s
Optimistic rollups have gained substantial attenti
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