Jinse Finance reported that crypto venture fund Lattice stated in a recent report that only 5% of crypto projects achieved product-market fit (PMF: Product-Market Fit) within about two years after financing. The firm’s research involved an analysis of 780 public crypto pre-seed and seed rounds conducted in 2021.


Lattice’s findings show that of crypto projects outside of the 5% that achieved product-market fit, 70% successfully launched on mainnet or reached an equivalent level of development. However, 20% of these projects either did not complete product development, or appeared to have ceased operations, and may even be closed.
Dividing the cryptocurrency industry into four categories: CeFi, DeFi, Infrastructure, and Consumer/Web3, the report said that while certain types of cryptocurrency projects have been successful after securing funding, for others it has been difficult to follow through. It is more difficult to implement the plan. Nearly 90% of infrastructure projects delivered products to the mainnet, while less than 75% of DeFi projects delivered products.
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