By 2021: the golden age of the crypto world

Tell us why 2021 is unique in 16,000 words.

By 2021, the second year of human penetration in a period of contagion, livelihoods and the economy will continue to expand online at scale.

Biden became President of the United States, and the Tokyo 2020 Olympics have been postponed this year, and director Zhao Ting's “One Place Nowhere” won the Best Picture award at the 93rd Academy Awards.

Further increasing the revenues of global financial institutions, our key product market in the United States has grown by 20% since the start of the year, the CEO of Amazon and Facebook changed their name to meta, and Bezos resigned, and Musk was selected as America's "Times" in 2021. His label was once Tesla, now it was Dogecoin and "Digital RMB", "Meta Universe", "Double Reduction". "and" Double Carbon "was dubbed" Hot Word 2021 "by the Xinhua News Agency ...

We have seen many industries rise and fall and even disappear. But few areas are chaotic yet vibrant like crypto, there's always a new story, there's always a new capital, and there's always a new flow.

2021 is the hot year for the cryptocurrency world.

Bitcoin and Ethereum have returned to high volatility. The total market value of cryptocurrencies reached $ 3 trillion at one point, with huge companies and large investments entering the market. Evidence shows that private equity has invested $ 30 billion in the crypto industry. This year, the explosive growth of smart contracts on the chain, the Ethereum network packaging industry alone has exceeded $ 3.6 trillion.

From the Meme Coin Carnival and NFT craze at the start of the year to the rise of the new public channel ecosystem in the middle of this year, continue the evolution of GameFi and DeFi, leaders of Metaverse, DAO and more. , we feel the power of innovation all the time.

In 2021, the US SEC finally adopted the Bitcoin Futures ETF, Bitcoin went fiat in El Salvador, Coinbase and other cryptocurrency companies to the public, and NFTs continued to break the cycle and enter the big entertainment industry. We have to believe that this is all written parables for the Web 3.0.

Do you remember how many major and significant events occurred in the crypto world during a year like this? What situations have you identified with and what opportunities have you missed?

In this lengthy article, Odaily Planet Daily will work with you to record the happiest years of 2021 and provide details on how it will develop in 2022.

1. The market value of the cryptocurrency has been renewed to a high level and the ranking of the top 10 has changed several times.

In 2021, the market value of cryptocurrencies will rise again.

At the start of the year, the market capitalization of cryptocurrencies was only $ 779.5 billion, over $ 1,000 billion and $ 2,000 billion in January and May respectively, and as of November 10 of. this year it broke the $ 3 trillion mark. For the year, as of December 22, the total market value of cryptocurrencies was tentatively $ 245.9 billion, up 175% since the start of the year.

the same time,Bitcoin's dominance in the cryptocurrency market is weak, the market capitalization ratio fell from 70.66% at the start of the year to 38.8%, and this is the first time since mid-2018 that Bitcoin's market capitalization ratio has fallen below 50%.

The main reason is that with the overall growth and development of the crypto ecosystem, many new projects have emerged and various ecological fields have flourished. Note.Ethereum's market share price has increased this year, from 11% at the start of the year to 21% today.

Regarding the price,Key assets like Bitcoin and Ethereum have increased recently this year.. Bitcoin has risen to $ 69,000 (Nov 10) and its current value is around $ 49,000, up almost 70% since the start of the year. Dollar, the price is up 450% from the start of the year.

2021, The total trading volume of Bitcoin and Ethereum reaches 7.5 trillion US dollars., an increase of 435% compared to last year.

Let's talk about stable coins.The stable market will increase further in 2021., shares of US dollar securities rose 388%, from $ 29 billion at the start of the year to more than $ 140 billion. Using Stablecoin is also making it high all the time. In 2021, the annual exchange rate for stablecoins exceeds $ 5,000 billion, an increase of over 370% from 2020.

The growth of stability coins is one of the reasons people are using fixed funds to downsize with the improvement of DeFi, first, because stable money has been used to make industry hedging and paid intermediaries, and is constantly growing with the major markets. Third, commercial derivatives often use fixed income securities as settlement.

In terms of large companies, the current stable market “leader” is still USDT, but its share of the stable market has increased from 68% at the start of the year to 57%. . USDC and BUSD have rallied, USDC announced it hit $ 42 billion on December 20, breaking a new record.

Stable markets need more attention and scrutiny, and for money that doesn't follow security, the future will lose more room for survival.

The top 10 cryptocurrencies in the cryptocurrency industry by market value have also changed significantly this year.Coins (BCH, BSV) continued to fall in rankings last quarter, EOS and other stepfathers had a slow impact on their rankings, and XRP's long-term impact has been like a roller coaster. , and even the flagship DeFi project which was popular last year. LINK and UNI were also excluded from the top 10.

Led by DOGE and SHIB, MEME tokens have already reached the top 10 or even the top 5 in terms of market value based on the Musk "call" brand, and more specifically, SHIB, which reached 1.25 million. units a few years ago, was a "legitimate". annual history of wealth creation. "".

The strongest “nail pedigree” BNB is still in the top 10. There are two main reasons: First, the BSC ecosystem was launched at the start of the year and has seen significant support and more. of application scenarios, second, it is in the 'long bullish period, with an increase in the trading volume of Binance and an increase in the prices of BNB. nearly $ 700, which should now be expected to be $ 535, is up 1,350% this year.

In addition, with the exception of Ethereum Phase 1, smart contract platform ecosystems such as Solana, Polygon, Terra, Avalanche and Cardano have gradually emerged and taken the top 10.

What's interesting is that Polkadot, who is in the 10th longest period this year, was pushed back to the end of the year, the Parachain tournament which we previously considered unprofessional. a state of volatility and decline.

2. More than 1,500 investments and financings, initiating the transformation of venture capital

Behind the second successful company is one of the most important companies.

The VCs who survived the long bear period made a lot of money in this angry bull market, then turned their earnings into “bullets” and “crazy sweep” at the base.

According to incomplete statistics from the O'Daily Planet Daily for December 19,In 2021, the cryptocurrency industry reported 1,529 primary financial transactions, an increase of 252.3% from the previous year, with total assets estimated at around $ 32.6 billion, or an increase of 814.2% over the previous year. for

In the business of the gold rush, the cost of top jobs has risen further, and peak financial data has exploded repeatedly. According to the special distribution division,The most important potential jobs in the industry are as follows.

In the CeFi space, NYDIG has reached the $ 1 billion monetary environment led by WestCap, which remains the largest financial environment in cryptocurrency history.

In the mid-term swap area, FTX received $ 900 million in round B and then raised an additional $ 420 million in B-1.

USDDC's developer of fixed-line services, Circle, reached a financial environment of $ 440 million and began seeking an IPO in PSPC.

In the mining industry, Blockstream hit a $ 210 million financial environment led by Baillie Gifford and iFinex, with a new portion of the proceeds going to exploring renewable energy sources such as solar power.

In the wallet industry, Ledger, a veteran wallet, has a net worth of $ 380 million, with a net worth of $ 1.5 billion.

In the public sector channel, Solana raised $ 314 million in funding and became the most visible public adoptee this year.

In the Layer2 area, OffchainLabs, the developer of Arbitrum, has completed a $ 120 million Series B funding worth $ 1.2 billion, and its website was announced in the first half of this year. .

In the area of ​​DeFi contracts, BitDAO has become a major player and has entered into a $ 230 million joint venture led by Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital.

Name No.

In sports, Fortega, a platform-based project, completed a $ 725 million fund led by Sea Capital and Kola Management, sportsman Sorare, which received a $ 680 million investment, to become the first space.

The relationship's biggest dark horse is DeSo, a public Layer 1 channel designed specifically for social needs, which received a $ 200 million investment when it was born in the second half of the year.

The cost of chain links started to increase at the end of the year, and AnySwap also achieved $ 60 million in revenue from upgrading the product to multiple chains. You can see Sequoia China in the list of investments.

In addition to these key challenges, security, data analytics, chain surveillance, telecommunications, tax assistance, free trade and other construction projects have also been the focus of investments. important.

In general orbital rotation,NFT slowly wrapped up its DeFi King campaign in 2021.

With a slight weakness at the start of the year, legislation in the middle of the year, and a significant boom at the end of the year, the NFT has established itself as the hottest theme of the first market in the second half of the year. year. This led to sports, collecting, marketing, lending, segregation, etc., and the rise of commodities such as raw materials.

2021 is the year of home renovation.Some veterans organizations have fallen on the heels of the bear market, new faces have been born in the cattle market, and some high schools have crossed cattle and bears slowly playing their "golden symbols." The constant stream of video and high-speed support from leaders in different competitions make a16z the strongest investment company in the cryptocurrency industry in 2021. The third currency, Crypto Fund III, reached 2.2 billion won. United States. ; Research focused on VCs like Paradigm and Multicoin Investment has not been better. They continue to work in their areas of expertise, continuing to release visual ideas. It supports Binance Labs, Coinbase Ventures, Alameda Research, etc. Equal performance of the eye.

Although it can gain the interest of these schools, it has become an important indicator for many ordinary entrepreneurs to determine the quality of the project.

In 2021, we willMore and more VC developers are starting to use the crypto industry..

The most important VCs are of course the Sequoias, and after the high frequency layout of the public channels, exchanges, Layer2 and NFT tracks, "DAO One-Day Tour" was also played on the instructions of Twitter at the end. of the year. . .

However, as the VC industry steadily prospered, a wave of protests against VCs quietly emerged in the industry, and criticism that "VC monopolizes early capitalization" became increasingly popular.

While people talk about DAO and Web 3.0, some of the needs created in the natural world exist, such as how campaigns are funded, how investors print, and the relationship between traders and traders, has also been encrypted. in the world, and the exchange took place quietly. Investment capital isn't going to go away, but in the age of Web 3.0, that perception is about to change.

3, 2021 souvenirs

After the expansion of primary and secondary activities, we look at the condition and performance of the year by operation / operation.

Bitcoin ETFs have finally landed and mining has started a major migration.

Regardless of the financial development of crypto, Bitcoin as the base and weathervane of the market will always be the center of attention.

In early 2021, Bitcoin continued its uptrend and since the start of the year has hit $ 29,000, rising from 30,000, 40,000, 50,000 and 60,000 per second, finally creating new value. . Data for the first half of US $ 65,000 (April 14): Bitcoin suffered from tight regulation and the market was taken out on May 19, Bitcoin plunged to a low of 30,000. United States.

Over the next two months, Bitcoin rallied around $ 30,000 and started in August, starting with the “slow bull”.Finally, on November 10, it hit an all-time high of $ 69,020, achieving retail sales of $ 1.3 trillion at a time., as Meta and Tencent to become one of the 5 best “merchant hats” in the world. Currently, the price of Bitcoin has been temporarily reported at $ 49,000, up nearly 70% since the start of the year.

Since the start of this year, the value of Bitcoin has consistently been above $ 30,000, giving more people confidence in the market, and there is endless controversy that "the market entered for the bull market at long term ". Optimists believe Bitcoin will cross $ 100,000 by 2022.

As the price of Bitcoin rises, large companies are paying more and more attention to Bitcoin.Some commercial companies have started to accept Bitcoin as a form of payment or to use it as an asset.

Tesla announced with the US SEC in February its intention to purchase $ 1.5 billion worth of Bitcoin with the US SEC, and in March announced that it would support Bitcoin payments on Tesla's official website, but in May, Tesla founder Musk Twitter announced he had to abandon the plan. They use Bitcoin to pay for their cars because they are "not environmentally friendly".

Musk, who restored his character and had real business acumen, also made many crypto investors love and hate him.

MicroStrategy is another representative of the public trading company which continues to advance its position in Bitcoin, which announced the 'buy, buy and buy crazy' model. In addition, the global payments platform Visa has started paying for cryptocurrency, and asset manager Grayscale published the Bitcoin Trust in the "New York Times" newspaper to promote Bitcoin. Fund, GBTC) announced. The perception of the value of currencies has increased.

In addition to home shoppingThe legitimacy of Bitcoin in some areas has had a major impact on foundations.

In June, Salvadoran President Nayves Bukele submitted a bill to Parliament calling for Bitcoin to become a fiat country, and on September 7 the bill went live and Bitcoin was finally passed. ua fiat. Although the plan created tensions at home and abroad, it had a positive impact on the overall development of crypto-finance. El Salvador set the standard as well, and many Latin American countries have followed it and tried to legalize Bitcoin.

(Bitcoin Legalization Policy)

In the case of commodities, the ETF (Exchange Commission), which the cryptocurrency market has been waiting for, will finally be implemented in 2021. In October of this year.The first Bitcoin futures ETF ProShares Bitcoin Strategy landed on the NYSE Arca exchange, and the SEC has agreed to several futures ETFs together.

In terms of commentary, the impact of ETFs on the cryptocurrency market fell short of expectations. However, with the advent of similar products, the confidence of traditional businesses and end users in crypto will continue.

Technically, Bitcoin has been introduced once this year.Important Soft Fork Upgrade Taproot, and over 90% of minors agree. This modification has three components: Schnorr Signal (BIP 340), Taproot (BIP 341) and TapScript (BIP 342). The reform ultimately reduces the cost of trading on the Bitcoin network and improves the anonymity and efficiency of transactions.

Additionally, Bitcoin's non-zero position topped 40 million by the end of the year, a high number.

For miners making a significant contribution to the Bitcoin ecosystem, 2021 is a year of migration.

In May this year, the State Financial Security and Development Council proposed at a meeting of "Joint Bitcoin Mining and Trading" to establish a new oversight in the whole of Xinjiang, from Qinghai and Inner Mongolia. The country then announced a ban on virtual mining, mining was repaired and abolished, and many mines were closed or lost in the sea. Finally, some miners discovered new mines in Kazakhstan, Texas, etc. and continued their work.

Due to the impact of mining technology, the strength of Bitcoin is also changing rapidly. Although the number of electricity rose sharply in April of this year, it fell almost 50% from May to July, and the number of Bitcoin has increased by almost 20% since the start of the year. for

Memes: Start a joke and start in the community

If you bought $ 100 BTC at the start of the year, it would be worth $ 167.4 now. The answer is $ 62 million. This is the end result of good value for money.

According to a representative project from Meme Coins, which created a new sector in the cryptocurrency market this year, there are various pet coins such as Doge and SHIB. The cultivation of memes can be understood as "harassment", and anything that contains "cheating" can be seen as a benefit for memes.

The boom in meme culture is due to the GME Defense Wars, a major financial industry event traditionally held earlier this year. In short, a Wall Street trader was involved in buying GME shares from Robinhood. This company sells short and incurs a loss, once reversing the position of entrepreneurs and organizations.

An anti-tradition, anti-Wall Street movement called for community radio, and the notion of need spilled over into the cryptocurrency market, creating protests against the rules of meme culture.The market outlook, business model, technological advantages and commodities that once privileged investors have become pleasing to the business and to the sight. well shared in old memes.

Meme Coins' “multiplier leader” is Musk, who occasionally posts on Twitter to “annoy” Dogecoin and “enough” more strangers back. Although in the eyes of many outsiders, Dogecoin is the real Bitcoin. Repeat "request" with Musk,Dogecoin is improving so rapidly that it is in the top 10 by market value, overtaking the DEX Uniswap project, growing over 100 times annually., triggering a carnival of foreign media relations, created a good price and range circle.

At the same time, Meme currency, represented by DOGE, is gradually becoming a part of the diversity of the crypto community. From March to May, various altcoins such as Akita Inu (AKITA), Coins (PIG), Dog Coins (DOG) and Loser Coins (LowB) were created once, but they were profitable. Very good in a short time, but in time they either explode as quickly or return to zero.

Finally,Only Dogecoin's 'imitation disk', Shiba Inu (SHIB), survived and became 'bigger and stronger'. SHIB continued its gains in the first half and finally broke the all-time high of $ 0.00008845 in October, up more than 1.25 million times since the start of the year. One of the main reasons for the rise of SHIB is also inseparable from the many "jokes" from Musk and the media coverage of several major platforms such as Coinbase.

The rise of SHIB led to the re-emergence of Meme culture and encouraged representatives of Meme coins such as GM (Good Morning) and Human.

From there, GM's market value rose from $ 0 million to $ 200 million (roughly $ 400 million, still held at $ 100 million) over the three days of the announcement. Peoplecoin, in the name of DAO, was converted into a coin even after receiving popular support for a copy of the US Legislature, and its value has jumped over 50 times.

In general, the Meme culture is fully integrated with the crypto community and has a positive impact on communication through the consensus of the culture. However, we must recognize that the market and FOMO on their own are not enough to support the growth and development of cryptocurrencies, and that the technology and product marketplace is critical to the importance of change. like that,The same wedge can be visually a "condiment", but it is difficult to become an "essential food".

DeFi continue

The DeFi sector is a bit bleak compared to the Meme Coins market share, but if you look at DeFi's annual performance from a more contemplative and multidimensional perspective, it's not hard to see that the DeFi Switch did not stop.

At the macro level, DeFi has always maintained good growth.

According to DeFi Pulse data, as of December 21, the total cost of assets (TVL) paid by major DeFi contracts was $ 2.432 billion. If you look closely at the changes on TVL, the level "519" black swan event is just a small upside reversal.

By the end of the year, the number of independent sites associated with the DeFi protocol had passed 4 million for the first time, according to data from Dune Analytics, and was constantly being updated. for

At the personal project stage,Most “blue chip” DeFi reached their own values ​​in 2021..

Uniswap v3 brings new features for "good marketing" for AMM. Aave v3 launches the search for cross-border loans. Curve v2 uses arithmetic to retrieve from the market shaping curve, which you can call a reflection. , not only against the impact of Uniswap v3 on a financially stable market, but also relied on various strategies to maintain its leading position on the TVL contract for the time being. The more "blue chips" there are, the more downside is that Compound and SushiSwap, in the past, have undermined the integrity of the contract, resulting in millions of dollars in dangerous distribution. COMP, and ultimately expose themselves to conflicts. After extensive planning, it is not yet clear whether Trident can be successful.

At the competitive level, DeFi's focus has gradually shifted as the business models of core segments such as Stable, Borrowed and DEX coins have become more stable.

First of allExplosion of derivative products, speed and dYdX release should be mentioned. As the most common deal with the concept of derivatives, the market is very promising for the value of dYdX, and users often deal with dYdX with big profits from both strategies. ) costs tens of thousands of dollars. getting the US dollar dropping also launched a new environment of increasing wool in the market. However, from a business perspective, this support is difficult to maintain, although dYdX has gained the benefits of all other DEXs as a blessing in disguise. , the sound of "broken derivatives" slowly fades. While we strongly believe that equipment can cause a major explosion at a DeFi site, such as a facility, an explosion is unlikely to be the result of a project.

The second important difference isNatural loan (TradFi), and even better in this case borrow three men: MakerDAO, Aave and Compound. The former is looking for ways to bring real estate into the real world, while the latter recently announced new services for summer-creating financial services company Aave Pro (now renamed Aave Arc) and the Financial Times.

at the end of this year,DeFi 2.0 aims to improve revenue relationships and improve the efficiency of investments.The descriptions came up very quickly and there are a lot of events yet to take place including Olympus DAO, TokeMak, Abracadabra, etc. While there is still a lot of controversy over the name "DeFi 2.0", to name a few, the major efforts of similar operations to make financial services more profitable deserve to be recognized.

In addition to the above topics, multiple chain configurations are also a major challenge in running DeFi (see “Cross Chains” section below for details).

Crazy NFT Fan × All

The blockchain industry has madeThe direction of the murder is "out of the circle"Last year DeFi didn't make that dream come true, but this year NFT is doing its job.

There is no doubt about the milestone in the field of NFT in 2021. In March, artist Beeple's NFT work "Everyday: The First 5000 Days" was sold at Christie's auction for $ 69,346,000, drawing rave reviews from many sources, including liquor stores. Art.

In December, Artist Pak's "Merge" campaign sold on the NFT trading platform Nifty Gateway, with the final sale of nearly $ 91.81 million, making it the most expensive NFT in the world. the story. The rookie, in terms of change, makes him an artist in the world.

As with many niche "FT" youth, the high price of NFTs will be called into question by the hype, the industry, and the bubble, but the high price will keep people from going through the group.like more money(Total NFT trades over $ 23 billion this year), Entrepreneurs drive growth in transportation and industry.

This year, more tech companies (Tencent, Alipay, Mega, Microsoft, Twitter, etc.), more social media sites (Time Magazine, CNN, Vogue, etc.), more users Large companies and IP organizations (Nike, L'Oréal, Coca-Cola, McDonald's, etc.), Disney, Sony, etc.), culture / sports stars (Jay-G, Whitney Houston, Wong Kar-wai, Chen Xiao-chun , Bailey, Curry, etc.), politicians and businessmen (Jack Dorsey, Musk, Snowden, Melanie, etc.) Ya Trump bought NFTs, published or distributed.

NFT stimulates the activity of manufacturers from the first small impact of taxation, changes the relationship between the fan industry and the business environment of greater consumption, and gradually expands the electrical circuit.

As the NFT project is in full swing,Infrastructure (business intelligence, data analysis platforms, research and development tools, financial services such as lending / leasing / sharing / crowdfunding) is on the rise..

In July, Opensea, the leader in NFT software, with around 100 million billion dollars led by a16z, experienced exponential growth in its monthly sales and now has more than 750,000 users. By December, ETH shares had reached 98.2% of its volume, with annual revenues of at least $ 16 billion and total revenues of $ 400 million.

The art platform designed by NFT Art Blocks has a total product portfolio of $ 1.1 billion and a current market value of nearly $ 130 million.

Sotheby's art auction house, which this year holds auctions of Pak NFT's work, World Wide Web source code NFT, CryptoPunks, BAYC, and more, pulls $ 100 million from NFT sales .

Finally, I would like to exclude a domain called NFT crowdfunding DAO. In August, CryptoPunk # 173 sold for 99.9 ETH via a community fundraiser, after which Peoples Punk announced the DDDD brand. PleasrDAO, the creator of crowdfunding to buy NFT gameplay, has included the official music video for Uniswap V3 NFT, Snowden first NFT, Dogecoin first NFT, Wu-Tang Clan debut album Once Upon "A Time In Shaolin", We include 11 NFT projects this year. " et al.

These new NFTFi × DAO developments generally distribute the rights and finance them in the form of competitions or joint ventures. This actually reduces the initial access to some expensive NFTs and improves performance, but so does storage and display. Risks include vague policies, cancellation or resale issues, and incomplete purchases.

Chain Games et GameFi's Leap

In 2021, NFT also improved its position in the games industry.

First, let's take a look at the games in the cycle: NBA Top Shot, a built-in NFT game from Dapper Labs, has generated over $ 750 million in annual sales and over $ 11.41 million, and 3, $ 8 billion in "Play to Earn" ad. , around 2.8 million of the most expensive modern gamer "Axie" sold for $ 820,000, originally an avatar IP address, the tab instead represents several PFP derivative gameplay (personal image) NFT Cryptopunk Market value as of December 19 Approximately $ 2.64 billion, reduced to over $ 240,000.

This year, many NFT projects including the BAYC series 'Kids and Students', Card Game Parallel Alpha, TXT text on product catalogs, and NFT's flagship loot received adequate attention and recreated record breaking records. sale. .

Adding existing games to NFT: Ubisoft announces the NFT platform, NetEase's "Eternal Tribulation" NFT blind IP box, the Epic Games Epic Games Store digital games platform, open blockchain and NFT games ...

This year,Chain games go beyond the traditional game of "fun, entertainment, competition", adding elements of finance, writing and presentation, and expanding the human meaning and understanding of the gaming experience..

In addition, besides Axi Infinity's strong "game for profit", "hot game" plays a major role in sports guilds such as YGG, creating purses (purses), renting game tools, incubating investments, etc. . This resulted in an increase in sales in the fourth quarter.

Stand in the 'first year of the world first' and look into the distance

Putting meta-worlds in a year-end request is seen as the place in many verticals, but who still makes the ideas of meta-world fans blurry, unified, and ever-changing?

The mix of Meta Universe and Crypto is usually found in low cost, high volume production. In particular, a few people in the industry think:All assets in the world (personnel, data, equipment, finance, business, etc.) must be tokenized (or at least in the form of a distribution) and require the creation, export and elimination of distributions.

Currently, our closest virtual field platform to the “virtual paradigm” - The Sandbox, Decentraland and Cryptovoxels - are all experiencing explosive growth this year.

The sandbox now has a market value of over $ 200 million, with over NFT 630,000 and around 34,000 holders. . This year, rappers Snoop Dogg, Nipsey Hussle, NFT wrote Cozomo de Medici and many more joined The Sandbox.

Top recipients include the Hong Kong region joining New World Development Group CEO Zheng Zhigang, singer Lin Junjie (who also bought Decentraland Grid) and Yuchi co-founder Wang Chun (founder of Dogecoin). Sandbox has also partnered with IP cartoon character 'McDul' and Adidas Originals, and is supported by a $ 93 million grant from SoftBank's Vision Fund 2.

Decentraland now has a market cap of $ 74.87 million, and over NFT 160,000, and Fashion Street Estate was the number one real estate broker at the time, valued at $ 2.42 million (MANA 618,000). This year, Decentraland hosted a group of over 80 virtual avatars, including the Metaverse Music Festival, RacingTime's Virtual Car Show, Boson Protocol's Virtual Mall and Sotheby's Virtual Gallery.

Cryptovoxels currently have a market value of around $ 26.9 million with around NFT 400,000. This year, Cryptovoxel started supporting Facebook access numbers (now meta), launching virtual landscapes with Scarcity Island, polling stations, chatting inside or posting content on CV Tokens. natives in the app in April of next year. MetaEstate, architect of the Meta Universe, also designed and built the TRON green building complex in Cryptovoxels.

In the last week of November, total weekly sales of four virtual worlds, including Sandbox, Decentraland, Cryptovoxel, and Somnium Space, exceeded $ 100 million.

After the multiple "big three" platforms that emerged, both in and out of the cycle, rushed to try, creating a "land acquisition" wave. At the same time, many 'water resources' such as virtual real estate developers / entrepreneurs, small Meta Universe developers and resources that rely on AR / MR to improve visibility of NFTs have also been tracked, as well as facilities. to more worlds through access.

Generally, it is no exaggeration to call 2021 the “first year of the earth”.

Web 3.0: the experience is not far away

The Business-to-Business Agreement for the Future of Crypto Web 3.0 is a translation of Chris Dixon, a16z partner."Read, write, personal(read, write, have)".

On December 8, the United States Financial Aid Commission held a Capitol Hearing on “The Future of Resources and Finances: Understanding the Consequences and Benefits” of Exchanging US Currency ”. for

During the meeting, Bitfury CEO Brian P. Brooks also expressed Chris's thoughts while answering questions from Congressman Patrick McHenry on Web 3.0. Brooks described it as "the only readable Internet" because Web 1.0 allows users to read certain things. Everything, so it is only "Writable Internet" and besides reading and posting content on Web 3.0, users will have all rights and interests in the content, know the truth "Read, Write, Personal" Internet. . ".

Following the meeting, a video of Brooks correcting these answers was featured and featured by insiders, helping those who are still confused to strengthen their faith in their hearts like the Boosters.

2021, is youWith the immutable changes of the Web 3.0 standard, many architectures have become more mature and advanced applications are slowly starting to advance.. Decentralized globally preferred portal MetaMask has achieved a commercial-scale breakthrough, developer ConsenSys has raised $ 3 billion after securing $ 200 million in funding. ; Arweave, the permanent content storage process, also achieved valuable results in six months, and ENS's popularity continued online after offering parts and airdrops, which allowed for an in-depth discussion of this. topic. The company's trading name, Mirror, has become a regular reader. One of the regular channels for good content in the industry ...

Although the crypto industry is firmly on the threshold of Web 3.0, some Internet representatives have developed a different view of this new concept. Musk couldn't believe it, Jack Dorsey asked, "Who is Web 3.0?" »A16z., The word does not dare, it even plays black check and block.

We may have to re-read these famous quotes from Chris. First they'll ignore you, then they'll laugh at you, then they'll laugh at you (where we are), and the day you win.

Ethereum defends the king of public channels

Although this year, the new chain of public channels continued to increase, but Ethereum's policy as "king of public channels" is not affected.

According to the data, the price of ETH rose from $ 4,860 (Nov 10) to $ 750 at the start of the year, and is now reported at $ 4,050, a 450% increase since the start of the year. 'year. Ethereum also rose 10%, from 11% at the start of the year to 21% today. At the start of the year, it was $ 167.5 billion, an 800% increase.

However, due to the strengthening of national rights, Ethereum mining was affected in June this year and Chinese energy lost more than 30%, but in just two months Ethereum counts energy at the level previous and so on. It was temporarily reported at 947 TH / s, up 223% from that.

For oil this yearDue to the impact of NFT (casting) mints and airdrops, fuel costs have always been high., the cost of the interaction between end users and project developers increases, and some work needs to be moved to solutions such as Layer 2 and other community enterprises.

The Ethereum community announced the EIP-1559 petition to reduce emissions and change the starting price to allow users to pay a reasonable fee.

The idea has been controversial from the start, with minors directly affected by the income the most affected, with many believing them to be abandoned children. . Towards the end, Twitter user @Red Panda Mining announced plans to attack EIP-1559 mine workers to replace their Chinese counterparts against the mining lakes and pledge to their country. Over 20%, but still brings miners to the crypto industry as a whole.

The conflict does not affect the developers' solution, EIP-1559 was completed during the 'London upgrade' last August, and the end result is obvious to everyone.Since the use of EIP-1559, a total of 1,243,000 ETH (approximately $ 5 billion) has been burned, resulting in a new era of Ethereum deflation.

In addition to the “London Upgrade,” Ethereum has made two upgrades: the Berlin Hard Fork Upgrade in April of this year and the “Arrow Glacier” upgrade in December. year ..

In addition to Ethereum 1.0Ethereum 2.0 has also received a lot of attention this year.. On the first anniversary of the Ethereum Beacon chain announcement (December 3), the Ethereum 2.0 address contract received 8.5 million ETH, or 7.24% of ETH proceeds. 56,393 sites participate in the ETH2.0 contract.

According to the latest plans, the integration of Ethereum 1.0 and 2.0 will take place around the second quarter of 2022, and once the integration is complete, ETH closes the contract. Ethereum has restarted tickets, but it has yet to stop moving forward as the King of the Public Channel.

This year,Ethereum has a deep addition to traditional finance.. In April, Canadian regulators approved three of our Ethereum exchange-traded funds (ETFs), and in the third quarter, holdings of Ethereum assets (primarily the Grayscale Ethereum Trust) increased 19%, according to documents filed with the DRY. In December, CME Group (CME) announced the future of micro-Ethereum. While U.S. financial markets have yet to announce the Ethereum ETF, we believe today is not far off.

New ecological generation of the public channel and phase 2

2021 is the year of the break-up of the new ecosystem.

The explosion of the application layer brought endless glory to Ethereum Layer 1, but also resulted in a constant impact on line operation and high fuel costs. Affected by this, the value of the Ethereum ecosystem has started to decline, and jobs, users, and incomes are all looking for new, faster and cheaper growth lands, which is also the time for a new ecosystem of explode.

From BSC to Solana, Avalanche, Fantom and Terra, in the case of public channels, the main ecosystem has been actively developed, the infrastructure has gradually matured, many applications in full bloom, and the cost of the second transaction has been made. . Completed. Zoom in while locking the money at a new height.

According to the new public chain, the BSC has experienced the actual growth after the first moment. In case information, BSC's TVL chain has long-last chain (remove Terfri), until the end of Terra Tera until the end of the Terra Tim on the end of Terra Ta on the end of Terra Ta on the end of Terra Ta on the end of the Tera

With her outstanding performance and strong support and blessings from SBF, Solana has become one of the best new channels of the year. By the end of the year, Solana had launched another major movement to help Neon Labs create an EVM development environment for the chain, which could be another driver for Solana to grow further.

The transmission line between Avalanche and Fantom is similar, after using cross-link chains to open access ports, two new phones have reportedly created multi-million dollar financial backing for Polygon to profit from the work. Especially business (DeFi) and user access. In retrospect, the ideas of Avalanche and Fantom were successful, and “building bridges and public finances” also became a good idea to counter the public channels of some new channels that developed later.

Terra (LUNA) seems in a hurry, "speed of action" before the end of the year. . What emerged were “stone products”, where the market value of the UST outperformed the DAI at the end of the year.

On the ecological side, Polkadot and Kusama have finally embarked on the long-awaited community of parachain slots. DFINITY also announced the mainnet this year. Algorand is exploring ways to integrate TradFi and DeFi. Flow, DeSo and other vertical public channel access applications; Teams like Ze, Tron, and Conflux have tracked hotspots like DeFi and NFT and have excelled in their various IP marketing strategies. The public broadcaster should call it "passion" EOS. After the deletion and remodeling of B1, her husband's channel, which was also a "death announcement," also gained new strength. for

Yes, many of the chains of ecology of face, do not stop. Layer 2 is the strongest container with the e-mail this year. Four Rolls-Up Continue, Zakync, Starkstand several millions of dollars from thousands of dollars in this level. Red. $ Billion In the financial support from $ 5 million.

As the first emerging ecosystem to embrace the concept of 'spending money', Polygon (MATIC) argued for the cryptocurrency industry's best deal in the first half of the year. The MATIC value is once again. However, as Polygon now mainly uses internal solutions, the Ethereum community has also questioned whether this is the orthodox Layer 2. However, with the improvement in the completion of the two ZK Rollup groups, Hermez and Mir, the conflict gradually escalated.

The Optimistic Rollup Optimism duo and Arbitrum both launched the main networks this year. As the Phase 2 solution moves closer to the upper memory tiers of the Ethereum community, Optimism and Arbitrum continue to lead the way in acquiring leading DeFi Uniswap. However, perhaps because oil prices are still relatively high compared to the new chain, the ecological expansion of the two-layer network 2 (especially hopeful) is not as good as in other communities. .

Two projects focused on ZK rollup, zkSync and Starkware, are still ongoing this year. Demonstrate the benefits of multilevel achievement through recursive certification.

By the end of 2021, the multi-chain unification model will be strong, and one-family rule will never happen again.

Cross chain: now the lightest exit

The result of the integration of a new industry is the expansion of the interconnection chain.

With a variety of features such as general width and easier conversions,Inter-chain bridges have passed through central service providers and have become important channels for transporting cash through the chain.

Currently, there are more than twelve connected jobs in the market. With the exception of the Avalanche Bridge, Optimism Bridge, etc., they were designed by a simple installation team and most of them are ecologically specialized 'rules through the chain'. . Third parties cross the price chain, including Multichain (formerly Anyswap), cBridge, the Hop protocol, etc.

Follow-up director Multichain recently announced the completion of a new $ 60 million funding round. Binance, Sequoia China, IDG Capital, Our Capital Company, and many other leading organizations are on their investment lists. While this may be the start of a journey to find the value of cross-chain services remains to be seen.

In the evolution of the run, you will need a small below message:

One isAggregation of inter-chain bridges, The chain linkage acceleration is now the same as the DEX increase a year ago, so how to make a 1 inch cross chain bridge version so that users can see the best chain. the path? ? In fact, many companies have started to be tested in this area, including ChainSwap, which has just completed its process upgrades, and FundMovr, which has some great commercial products.

The second is outside the connected service.Integration with other financial services, FibSwap DEx, Li. Cross-border lending has been reviewed by Financial, XY Financial and Symbiosis Financial, as well as cross-border lending schemes mentioned in Aave, V3 version of the DeFi main protocol.

The third is to rise to a higher level of heritage throughout the chain.cross-chain dataThe integration of the different ecosystems has opened up through the phased realization of validation and invocation of contracts.

Centralized trading platform on the compliance list

In terms of accessibility and billing, Central Business Entities (CEXs) play an important role in the crypto financial ecosystem.

This year, the top crypto companies have done well, with the top crypto companies listed one after another.

In February, Coinbase, the largest cryptocurrency trading platform in the United States, filed an S-1 listing with the U.S. SEC and listed directly on the NASDAQ under the stock numbers COIN. Coinbase is also known as "the first participation in the cryptocurrency exchange".

On July 29, Robinhood, a US-based joint venture, listed on the Nasdaq Stock Exchange. There is interest in the cryptocurrency industry.

On October 19, Bakkt, formerly known as the "market bullion", was listed on the New York Stock Exchange under the stock code BKKT.

According to foreign media reports, Binance founder and CEO Changpeng Zhao said in a recent interview that US financial services (Binance US) will be publicly available over the next three years.

The list of competing cryptocurrency trading platforms means that recognizing existing markets for cryptocurrency funding is tantamount to the SEC opening the door to all markets and supporting the cryptocurrency world. . Made on the platform and the entire crypto industry. For mainstream finance, the cryptocurrency exchange is one of the few profitable businesses that has a secure external mining environment and is a key player.

The traditional preference for cryptocurrencies is also an expression of the important financial markets of crypto exchanges.The FTX Exchange announced in July of this year that it had made an investment of $ 18 billion and Series B funding of $ 900 million. In September, the FTX Exchange raised an additional $ 420 million in round B-1, and the value was $ 25 billion (up 39%). 69 global companies, including the BlackRock and Tiger joint ventures.

FTX will continue this year League of Legends Championship Series (LCS), Mercedes-AMG Petronas F1 Team, Major League Baseball, NBA Golden State Warriors with Miami Heat, International Cricket Council, Super Bowl, TSM E-Sports Club, etc. Crypto Circle expands the border

In late November, media reported that Zhao Changpeng was worth around $ 90 billion, making him the richest man in China and the tenth richest person in the world. Then, the news of "China's richest man" was drawn to the decoration of the news on the big news. Changpeng Zhao then aggressively argued that "cost without liquidity is worthless."

4. The crypto industry is all about compliance and oversight.

In recent years, as the global cryptocurrency has grown in many ways, global politics have been stepped up and oversight has been stepped up.

China liquidates digital mining assets and mining industry

Earlier in 2017, seven departments and the board jointly issued a "194 Notice" banning the trading and trading of cryptocurrencies in China, but there were no clear restrictions on the crypto industry. -coins. This year, South Korea banned the cryptocurrency mining industry.

On May 21, the state's treasury board said in a meeting "to integrate bitcoin mining and trading." Since then, Xinjiang, Qinghai, Inner Mongolia, Yunnan, and Sichuan have announced interventions to regulate cryptocurrency mining.

September 24Ten departments and management committees, including the People's Financial Corporation of China, jointly announced the "Notice on Prevention and Risk Management of Hyper-Advertising in Virtual Currency Transactions," says the legal trading of the virtual currency, currency trading, currency. advertising etc ... Companies operate illegally financially and foreign currencies have disappeared.

Since then, many trading platforms including Binance, Huobi, OKEx, etc. reported the withdrawal of mainland Chinese users and the withdrawal from the Chinese market.

Tighten U.S. Sanctions and Expand the Boundaries of Crypto Regulation

2021 sees several crypto vetting events in the United States.

On the police side, the number of comments on cryptocurrency sanctions in the media reported by the Securities Regulatory Commission (SEC) and the Commodity Exchange (CFTC) has increased by a factor of 25. The CFTC penalty will be multiplied by more than 80, from about $ 9 million in 2020 to $ 716 million, while it will be multiplied by 13, from $ 41 million in 2020 to $ 562 million in 2021. data development is that the penalties for some penalties are high.

Fortunately, media reports show that over 70% of SEC plans have resulted in negotiations (fines) and that the SEC's rationale is often "security breaches." The SEC filed a lawsuit against Ripple last year, and it's been unsuccessful for over a year, and it's likely that a settlement will be found in 2022.

Additionally, since Gary Gensler became Chairman of the SEC this year, oversight of crypto-finance has deteriorated. Within a month, research for companies such as developer Terra Terraform Labs and Marathon Digital had started. He also reiterated that the regulatory framework for cryptocurrencies will not change in the future and participating companies will need to report and register with the SEC.

In addition to the CFTC and the SEC, the US Treasury Department (OCC) also announced a joint “crypto sprint” investigation in October this year with the Federal Reserve and Federal Reserve. The Federal Insurance Corporation has become a strict regulator of cryptocurrencies. Finally, he came to the conclusion that he was not friendly with the crypto industry and hinted at what to do next.

The United States speaks a lot, the rule of law and the rule of law for the crypto industry is a challenge for governance.The crypto industry is already a relatively new industry, and there is no special place for either party to pay. For US regulators, anyone with a say in the crypto industry can control the industry.

Currently, only the SEC has real impact and voice. Congress is trying to change this by passing the Digital Business Act. The bill was passed last year by Congressman Michael Conaway to establish the federal concept of "digital product trading" and put it within its legal framework and overseen by the CFTC.

Now the bill has been sent back to Congress as a design, and lawmakers have consulted with cryptocurrency experts.

There are other matters that have been covered over the years by US law. This is the taxation of crypto-currencies.

This year, the US Congress passed the "Infrastructure Investment and Jobs Act," which would require "employees" to report more than US $ 10,000 to the Internal Revenue Service. It has been suggested that the definition of "worker" is "broad and ambiguous" and could create this need for manufacturers and wallets, as well as for cryptocurrency exchanges. Some cryptocurrency-friendly members fixed the issue and requested an update, but were ultimately turned down.

The bill has now been signed by Vice President Biden and is expected to come into force in 2022.

Regulations in other countries are also gradually tightening, and in September of this year, South Korean financial authorities stepped up their oversight of cryptocurrency exchanges. All cryptocurrency exchanges in South Korea must be registered with the financial institution by the due date, provide proof of compliance with internet security agencies, and work with banks to verify the real name of the account. .

Hundreds of South Korean cryptocurrency exchanges have been closed due to this activity. However, as the first country to legalize cryptocurrency, South Korean authorities have said the first policy is to regulate the health and growth of the cryptocurrency market.

Additionally, with the rise of competitive games and the creation of a gold coin ecosystem, Southeast Asia has become this year the new blue ocean for the crypto gold market, and more the trading platform is moving slowly there.

Fifth, the shadow of security: 1000% decrease from last year

At the end of 2020, we carried out a special inspection and inventory of DeFi security incidents throughout the year, and statistics showed that all funds were lost due to the theft incident. Theft from the DeFi market this year was $ 177.4 million.

By 2021, you don't need to know that this year's total loss is higher than last year. For Poly Network, hackers stole $ 610 million.

On August 10, Poly Network, the interconnection process, was immediately halted, and this incident, including the market value of assets at the time of setup for that matter, was not only the biggest incident in the history of DeFi, but also Mt. The Gox case (744,408 BTC, valued at $ 400 million at the time), and the Coincheck case in 2018 (XEM 523 million, around $ 534 million at the time).

Rekt data shows that:In 2021, there were 161 hacks in the DeFi industry, with a loss of $ 1.86 billion, an increase of almost 1000% from the previous year.Among them, the top 10 companies in the loss were Polynetwork ($ 610 million), Vulcan Forged ($ 140 million), Boyx High Speed ​​($ 130 million) and Cream Finance ($ 130 million). millions), etc. . $ 120 million, Venus ($ 77 million), Compound ($ 71.1 million), Anubisdao ($ 60 million), EasyFi ($ 59 million) and Uranium Finance ($ 57.2 million).

in the frequency of these events,Cross tracks have become a hot topic for hackers this year.In addition to Poly Network, Chainswap, Multichain (formerly Anyswap) and THORChain have also been exposed to toxins. The reason is that, first, cross-chain services are a potential competition, and second, cross-chain services are often interconnected through multiple chains and multiple contracts, often difficult to structure.

In addition, there will be several major incidents in the CeFi industry in 2021. A prime example is the theft of three exchanges, which cost Liquid, BitMart and AscendEX $ 91 million, $ 150 million and $ 77 million to from.

In terms of mass murder, hackers' tactics range from applying logical loopholes to lightning attacks, corporate mob attacks, cracking private keys and relationships. Don't forget the negatives which can be used in the dark.

What can physicians and users do in a highly secure environment?

From a project party's point of view, one is that the equipment should be fully tested beforehand to measure contract stress, especially under adverse conditions, and the second is that a general review should be performed. by a third-party expert inspector. . The third is to strengthen the community by going through the bug program, the fourth can decide to consolidate insurance coverage, and the fifth can pre-plan disaster preparedness plans for specific hacking incidents.

For users, one is to maintain a good website and portfolio functioning, the second is to manage the necessary resources and run their site appropriately, and the third is to maintain a good website and a good wallet. the project has been pre-assessed.

Finally, it should be noted that many DeFi security issues (such as Poly Network) over the past two years have been successful - hackers were forced by law to remove their credentials and ultimately returned. stolen money. . . The affected examples show that DeFi is finishing the chat distribution in stages, but DeFi cannot do so because all individuals are protected and restricted by law as participants with DeFi. Laws are also in place when property is damaged unexpectedly. weapons.

6.2022: Crypto continues to innovate and generalize

In 2021, from leaders represented by Bitcoin and Ethereum, to applications such as DeFi, NFT and on-chain games, to infrastructures such as public channels, layer 2 and cross-chain protocol, all have become very advanced. At the same time, supporting products and services such as wallets, data analytics and security companies act quietly and protect their value.

There are many bright places in 2021. The industry is changing rapidly and there are still many small places and small places that cannot be described in this article, such as NFTFi, SocialFi, distributed space storage, distribution oracles and goods. ......

After 2021, we hope that the crypto industry will continue to become one of the most important markets for the global economy in 2022 and bring more innovation to the vertical market.

At the macro level,Web 3.0, Metaverse, NFT, and DAO will continue to be key areas for investment, and the integration of blockchain with entertainment and consumer products will continue.Various forms of regulation, represented by Bitcoin-based ETFs, are expected to be approved, with retention and compliance services further promoted to bring more money to the market. The digital divide has entered the landing phase and some countries will follow in El Salvador's footsteps and expand Bitcoin application scenarios ...

The exchange head can naturally enter the secondary market.The integration of Ethereum 1.0 and 2.0 will be a milestone in the history of the public channel.The cryptocurrency legend will have a prosperous year, and traditional financial skills and technology will continue to evolve and improve the crypto industry ...

In terms of segmentation, new ecosystems including new public channels and expansion plans also correspond to broad areas of development, auto investment and passive income products include As new times, and platform with portals and aggregated objects appear soon, and token offerings. With the modernization of procedures, financial and management systems, more expenses will be incurred ...

GameFi and Game Guilds will enter a phase of continuous improvement to learn more about the initial vision for the global meta, and the SocialFi test will boost commerce from industry members and developers. .