Lark Davis believes that major players remain interested in cryptocurrencies

In 2022, projects related to decentralized finance attracted investments totalling $2.7 billion. This is 190% more than the $0.9 billion level in 2021, according to CoinGecko.

But interest in the sphere of centralized finance has fallen significantly. Year-on-year investments decreased from $16.2 billion to $4.3 billion.

The flagships of the DeFi industry were the Uniswap and Lido Finance projects, which raised $165 million and $94 million, respectively. But the biggest deal was Luna Foundation Guard’s $1 billion sale of its own tokens last year. However, three months later, the bankruptcy of the Terra project occurred, which shocked the entire market.

In CeFi, the largest player that raised $800 million last year was the FTX crypto exchange. In November of the same year, the company filed for bankruptcy.

CoinGecko analysts also pointed to the stable nature of funding for blockchain projects and related services. This area raised $6.1 billion, which is more than 40% higher than in 2021.

In addition, experts have recorded interest in projects related to artificial intelligence and data processing. Investments grew by 65% year on year.

Popular analyst Lark Davis believes that major players remain interested in cryptocurrencies. He pointed to companies operating in the field of digital assets, despite the current market situation.

“Don’t let the bear market fool you. Corporate adoption of cryptocurrencies is happening right now. Some big players are taking serious steps,” he wrote.

The analyst noted BlackRock, which manages $10 trillion in assets. Previously, the company launched a BTC trust for institutional investors.

Davis also mentioned Mastercard and Visa. The first is partnering with the Immersive payment protocol to launch transactions on Web3. And Visa is working with WirexApp to issue crypto cards for US customers.