Electric Capital

Asia is the continent with the largest share of developers; North America has dropped from first to third place.

Since the bear market three years ago, the number of developers has increased by 66%.

It is reported that the new fund's single investment scale ranges from 1 million to 10 million US dollars, with investment targets including DAO, NFT, DeFi, infrastructure, and tools that enable more people to access Web3.

During the same period, most of the top ten Layer 1s achieved higher growth than Ethereum.

DeFi protocols hope to use ETH as collateral to create other assets, such as DAI and synthetic assets, to serve as a reserve currency that allows users to trade and raise funds.