The cryptocurrency and blockchain industry continues to show signs of maturity despite global and ecosystem challenges. The Block writes that this was noted in KPMG’s fintech report for the first half of the year.

Experts drew attention to the stability of the sentiment in the market. According to his calculations, the mid-year investment level reached $14.2 billion, lower than last year ($32.1 billion), but significantly exceeding previous years’ figures.

Experts identified investment rounds from Trade Republic ($900 million), FTX ($400 million), and ConsenSys ($450 million).

According to Alexander Stachchenko, director of blockchain and crypto assets at KPMG France, some startups may have to lower their valuations to raise funds, in the absence of other options.

“Not everyone can survive – especially if they don’t have clear and strong value propositions. From an ecosystem perspective, this will be beneficial as it removes some of the turmoil created during bull market euphoria.”explained.

The report talks about changing the structure of the cryptocurrency market. Individual investors leave their place to institutional and institutional players in the flow of funds. In this context, digital assets are starting to show similarities with traditional financial instruments.

Experts noted the growing interest in the legalization of bitcoin from developing countries. The driving force for this was the decisions of the authorities of El Salvador and the Central African Republic.

Experts predict that interest in stablecoins is growing. According to them, companies see such assets as a tool to reduce transaction costs and delays, increase transparency, and also because of ease of use.

Recall that the US Congress postponed consideration of the bill on “stable coins”.

Previously, Messari and Dove Metrics analysts estimated the amount of funding for blockchain startups at $30.3 billion in January-June 2022.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.