Post #474

The December report is live. Key takeaways on Web3 secondary market in December 2023 by SecondLane - All time record of offers amounting to $680M USD - +57% increase in amount of offers to Nov ⁃ Largest discounts to last funding round were offered for projects in: DID, NFT, wallets, CeFi, Social, L2 and Blockchain services ⁃ Largest premiums came with L1s, Staking, GameFi, and Blockchain analytics ⁃ Largest premiums came for Round A deals (67%); Pre-Seed rounds came with discounts or at par ⁃ top projects: FTX claims, LayerZero, EigenLayer, Aleo, Monad, Celestia, Nil Foundation, Spacemesh, Berachain, Blockdaemon, Stability.ai, Worldcoin - median spread on minimum amount of Buy/Sell IOIs of the same projects in December dropped to 0% vs cumulative 8 months median of 50% - Median Buy ask dropped to $200k in Dec from $1.5M in November compared to $4.1M avg Sell Offer ($1.5M median Sell offer) - 62% SAFT and 38% equity deals - 90% (Pre-)Seed, 10% Rounds A-D - 5 industries dominate the Web3 secondary market with 64% of offers on L1, L2, DeFi, blockchain services and infrastructure ⁃ Average deal maturity: 1.6 months on Buy requests and 2.2 months on Sell offers until expiration or transaction Subscribe for insights: Twitter | Telegram | YouTube