CandleFocus

Alliance DAO’s Demo Day showcases industry trends

Author: Content Editor
The Alliance DAO is an influential accelerator in the crypto space, supporting Web3 innovators with high-growth potential. They recently held a Demo Day where crypto startups showcased their latest ideas, which aligned with Alliance's report on industry trends. The report highlighted Ethereum's dominance in building dapps, but also noted growing interest in alternatives like Solana. Optimistic rollups are seeing rapid adoption, with Base being a major player in L2 activity. Solana has rebounded strongly and accounted for 18% of recent Alliance applications. Interest in Polygon has declined as it pursues a switch to zk validium. Infrastructure, payments, and DeFi applications are receiving increased attention in the crypto space. Interest in DAOs and NFTs has receded as utility-based applications catering to specific user needs take priority. Speculation is seen as a pivotal driver for innovation in the crypto space, enabling projects to secure resources and iterate rapidly. Geographically, there has been a decline in applications from the US and Canada due to regulatory challenges, while Asia and Africa are witnessing increased adoption. The report emphasizes that most startups within Alliance operate fully remotely, but in-person teams are preferred when possible.

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