Blockchain Services: The Leading Category in 2024In 2024,
Blockchain Services emerged as the clear leader in terms of funding raised. This category spans a diverse range of subcategories and projects with unique business models, reflecting a growing preference among venture capitalists for innovative solutions that push beyond traditional frameworks.
The
Blockchain and
CeFi sectors followed closely behind each other, taking second and third places with only a narrow margin between them. Blockchain projects have historically drawn significant investment due to two primary factors: the technical complexity required to build a unique and competitive blockchain and the necessity for these blockchains to establish entire ecosystems of projects around them to maintain market relevance.
CeFi, on the other hand, acts as a bridge between Web3 and traditional finance. Projects in this category often offer more transparent and predictable business models, coupled with user-friendly interfaces and clearer regulatory frameworks. This combination makes
CeFi projects particularly attractive to investors. While
DeFi currently has approximately 10 million users,
CeFi platforms have surpassed 100 million, showcasing their wider accessibility and adoption.
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https://cryptorank.io/categories/blockchain-service