Post #423

Sharing our August 2023 secondary market report, with the September 2023 report due next week: Key takeaways on Web3 secondary market in Aug 2023 by SecondLane - 26% growth in amount of offers vs July - $217M in Asks and Bids - $2.1m avg Buy Ask vs $2.6M avg Sell Offer ($1M median) - 27% median spread on FDV of Buy/Sell IOIs of the same projects - spreads narrowed down in August - same 2x median spread on minimum amount of Buy/Sell IOIs of the same projects - top projects: Celestia, Starkware, Scroll, EigenLayer, GMX, Berachain, Fuel, LayerZero, Dune Analytics, Blockdaemon - 67% SAFT and 33% equity deals - 74% (Pre-)Seed, 26% Rounds A-D - 59% of offers on L1, L2, DeFi, and blockchain services Subscribe for insights: Twitter