Alliance DAO’s Demo Day showcases industry trends
Alliance DAO has positioned itself as a vital accelerator in the crypto space, especially noted during its recent Demo Day. The event highlighted emerging trends and innovations in the sector, with about 62% of startups in their program leveraging the Ethereum blockchain, despite a growing interest in alternatives like Solana, which now accounts for 18% of recent applications. Optimistic rollups such as Base are experiencing rapid adoption, signaling a shift in infrastructure preferences, while projects like Farm Frens are utilizing NFTs on Solana and innovative wallet solutions to enhance user experiences. Moreover, there's a waning interest in DAOs and NFTs as founders increasingly focus on utility-driven applications. The report noted a 16% decline in the share of applications from the US and Canada, attributed to increasing regulatory challenges, leading startups to migrate to more crypto-friendly regions. Nevertheless, 72% of the startups in the program are fully remote, aligning with the decentralized ethos of the industry, although in-person teams are preferred for stronger cooperation.
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