Sabrina, Analyst, Footprint Analytics
Data source: Footprint Analytics
This post is part of our Year in Review series.
2021 is an exciting year for the entire blockchain world. The overall market capitalization of blockchain projects officially exceeded 2 trillion US dollars in this year, and the price of Bitcoin reached a new high of 67,000 US dollars.
At the same time, after the upgrade of Ethereum in London, the price skyrocketed 5 times. Blockchain project financing is also blooming everywhere, and the cumulative financing amount for the whole year has exceeded 30 billion US dollars.
After witnessing the outbreak of DeFi 1.0, we ushered in the vigorous development of the multi-chain ecosystem and the rapid expansion of the stablecoin market.
Top Trends for 2021
TVL of DeFi 2.0 projectsIt took only 8 months to soar from 0 to 30 billion US dollars by the end of 2021.
The composability of DeFi Lego is one of the key features of blockchain applications - referring to components that can be combined and integrated across different platforms and applications.
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Footprint Analytics - TVL of DeFi 2.0 Projects soared from 0 to 30 Billion in 2021
ETH in 2021Cross-chain bridge projectofTVLbroke through 25 billion US dollars.
The booming multi-chain ecology in 2021 makes the transfer of assets on different chains a rigid demand.
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Footprint Analytics - TVL of ETH Cross-bridge Projects Surpassed 25 Billion in 2021
DAO
DAOs(Decentralized Autonomous Organization) In 2021, it has become a hot topic in the society from the jargon of the currency circle. Uniswap DAO becomesInfluential DAO。
DAOs, as an organizational form formed for a common purpose, reveal to us the power of community organizing and the impact it can have.
ConstitutionDAOimage description
Footprint Analytics - Uniswap DAO has become a very influential DAO.
Transaction volume of NFT projectsIt reached a peak of USD 5.586 billion in single-month transaction volume in August, and achieved a cumulative transaction volume of USD 21.5 billion in the whole year of 2021.
NFT marks the ownership of native digital assets in a decentralized manner. It is the most civilian way to bring the masses into the crypto world.
2021,
Footprint Analytics - NFT Projects' Trading Volume Peaked at 5,586 Million in August
2021,Transaction volume of GameFi projectsincreased by more than 28 times.
The concept of Player to Earn prevails this year. The combination of games + finance + non-homogeneous digital assets has made GameFi a popular track in the encryption market.
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Footprint Analytics - GameFi projects’ trading volume increased more than 28X in 2021
Interoperability
Interoperability
In 2022 there will be more projects providing common infrastructure for blockchain interoperability.
The rise of cross-chain DeFi.
Metaverse, Web 3.0 (Blockchain Network Infrastructure), NFTs, and GameFi
More Web 3.0 infrastructure protocols emerge and flourish—covering computing, storage, bandwidth, indexing, and more.
NFT with more application scenarios has the opportunity to enter more influential communities.
The boom in music NFTs.
More well-known brands and large companies will increase their attempts to enter the NFT field.
More large game companies have entered the GameFi field.
More DeFi lending platforms will support Metaverse land as collateral for loans.
DAO
NFT + DAO, the application of GameFi + DAO.
The establishment of social tokens, self-sovereign identities, and decentralized identities in the metaverse.
Possible new trends in 2022
The development and rollout of more layer 2 solutions will make Ethereum cheaper and faster.
Breakthrough from financial innovation to other industry applications
There will be other new application areas that incorporate DeFi.
Smart contract socialization
Convert tangible assets into digital assets and written agreements into on-chain contracts.
cryptocurrency payment
More and more institutions and companies are adopting cryptocurrencies.
The use of cryptocurrencies for payments is expected to gain further momentum in 2022.
Summarize
Summarize
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About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
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