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A study conducted by CoinGecko examined the amount of funding each crypto sector received between 2018 and 2022, with decentralized finance (DeFi) projects receiving the most funding. DeFi companies raised $2.71 billion in 2022, nearly triple the amount raised in 2021 and more than 41 times the amount raised in 2020. Meanwhile, the financing of centralized finance (CeFi) projects fell to $4 million in 2022, or less than a third of the amount raised in 2021. This potentially points to DeFi as the new high-growth area for the crypto industry in the coming years.
