Crypto Market Outlook: What Do You Want in 2022?

Recipe

2021 will be a special year for Crypto. We see that DeFi has grown into a market worth over $100 billion, an increase in BTC value of $69,000, and the ecosystems on L2 networks like Arbitrum and other L1 chains like Solana have driven growth, with NFT revenues of 22 billion units. Over a dollar, key points and organizational interests are hotter than ever.

This is my view of what is happening in the crypto space in 2022.6 big predictions:

L2 and cumulative: Ethereum-based roll-up scalability platforms such as Arbitrum and StarkEx will continue to attract short-term and long-term solutions for Ethereum growth network congestion.

Chaîne Tsis-Ethereum/Non-Bitcoin: The Dapp ecosystem of alternative smart contract networks like Solana and BSC will continue to grow”Pont“As access to the cutting chain increases,development platformThis makes it easy to spread Dapps to other channels.

Configurability and Web3.0: The project is looking for new and stronger means of integration to create seamless integration of consumers into the online ecosystem. Digital memberships and data management systems were also expanded, resulting in the development of stronger and more efficient digital signals.

Expansion des NFT: NFTs will continue to grow in popularity as the graphic arts ecosystem grows. Beyond pure graphics, NFTs will be used in a variety of applications across the vertical, including sports, music, and developer/enthusiast fans.

Dao: As people get the idea of ​​decentralized digital collective processing, more DAOs will be created around unique and attractive users. As DAOs grow, we will see significant improvements in DAO management and equipment as DAOs become more organized and integrated.

DeFi Security: Following various DeFi theft breaches by 2021, the DeFi system will be more secure than the previous 2022. Plans regarding security and protection Block smart contracts will help secure Dapps on a variety of blockchains, increasing the confidence of major DeFi-based consumers in financial markets.

2021: Crypto Mania Year

2021 can be a very happy and tumultuous year for cryptocurrencies. We are seeing tremendous growth and innovation, including the long-awaited Ethereum overhaul in London, the summer expansion of the Solana ecosystem, and Bitcoin total highs of $69,000 in November. At the same time, we also saw Crypto inefficiencies and bugs, with Ethereum oil prices not appearing on PolyNetwork's $600 million smart contracts.

Undoubtedly, Crypto has captured the public's attention like never before. Every day, thousands of users sign up on the blockchain, explore the NFT series on OpenSea, and invest heavily in DeFi and Web3.0. As 2022 begins, we hope to see how this theme will bring guidance and innovation to the Crypto space. It showcases what Crypto can accomplish and helps bring the vision of a distributed consumer first to life.

Around 2022

Here are six areas that are expected to see significant growth and development in 2022:

(1)L2 and cumulative: The biggest criticism currently facing Ethereum is its high latency and fuel costs, which affect the energy count of Dapps and make users hungry. According to EthereumLayer 2 (L2) solutionThis problem is solved by operating off-chain (therefore lower and more costly calculation of the inputs and outputs of the chain), by publishing the business data in the L1 chain equipment (called "rollup").

L2 networks have become very popular in recent years. For example,the judgeLaunched as a viable solution in September this year, the L2 network's Total Locked Value (TVL) has raised $2.78 billion this year and distributed over 50 Dapps including 1 inch, balancer and Coinbase wallet. In addition,Cumul ZKThe network's TVL also increased from $43.5 million to $1.9 billion, which was used to measure the conversion of dapps such as dYdX.

As crypto adoption continues to grow, Ethereum's network congestion will only get worse, exacerbating latency and cost issues.Rollups are essential to the continued growth of Ethereum through its computing capabilities., which allows users to interact with dapps that are considered similar or better than traditional web apps.The bullish rollup and the ZK rollup will attract more attention next year and the bullish rollup will dominate in the near future. ZK stacking, on the other hand, is technically more complex and can be used as a long-term scalable solution..

(2)Chaîne Tsis-Ethereum/Non-Bitcoin: At the beginning of this year, 97% of all TVL on DeFi joined Ethereum, but now Ethereum represents 63% of all TVL. Other competitive L1 blockchain networks have seen explosive growth over the past year, thanks to their enormous advantages and the wide range of applications that these L1 chains offer on Ethereum. In particular, Solana, which has a volatile exchange rate, had the best growth in 2021, TVL grew by $15 billion, and the tokens rose by almost $260 in November this year. Recent Solana community activities, including community outreach and financial support for game development, mean the ecosystem will grow rapidly over the next year.

In addition to specialized blockchain networks, morebuilding technology2022 is set to be an important year for many global chains. NEAR's Rainbow Bridge and morePont"will help grow the non-Ethereum ecosystem, expand access to revenue, and simplify digital assets. Aurora et al. from NEAR.Performance measurement(Machine Virtual Ethereum)chain compatibleIt also improves cross-platform integration in the DeFi arena by making it easier than ever to deploy Ethereum-based applications to other chains. In fgeneral,The development of such cross-chain infrastructure accelerates the rate at which other competitive L1 chains are gaining traction, contributing to the development of a truly robust and diverse crypto-chain ecosystem..

(Three)Configurability and Web3.0: It is no exaggeration to say that "Web 3.0" is one of the hottest topics in 2021. Web 3.0 is so broad that it is difficult to clarify what it means. But in general,Web 3.0 represents the use of technology that monitors user ownership of data and/or resources and the interaction of different applications..

2021digital ownersIt was an important year. now,NFTAlready a $7 billion market, the NFT industry continues to grow as more artists and art consumers seek proof from members of the digital world. In addition to NFT, digital members are alsoDecentralized crowdfunding(As Kickstarter announces a split on the Celo crowd)Decentralized Identity ProjectThis design allows users to maintain full and granular control over their personal information and reputation, enabling greater usability when it comes to unsecured lending, KYC, and more.In 2022, we will see more work develop on channel membership, giving users full control over their personality and assets in the digital world.

Always availableCooperationOn the other hand, as mentioned above,The use of state-of-the-art technology greatly improves the integration of DeFi, allowing users to switch assets between different blockchains and use the DeFi protocol of different blockchains.. In addition to DeFi, there are functions like login.xyz that provide access to Ethereum services. Blockchain enables seamless application integration in multiple ways, requiring users to have only one “login” for all applications. a service. In conclusion, apps and services are looking for tighter integration and hope to see more work on separating what they do with the site.

(4)Expansion des NFT: NFTs are undoubtedly one of the hottest cryptocurrency trends of 2021. NFTdeep seaThe volume of the NFT market rose from $1 billion to $10 billion in just three months, indicating the start of the NFT wave. Some NFT functions includeNBA best shotandboring red yacht club(BAYC) and others increased the appeal and popularity of NFTs, making NFTs one of the top Google searches of the year.

Looking ahead, we have to keep in mind that this means NFTs are just starting to dig in, as body art is a $1.7 trillion wealth.With the rise of digital art and the increasing tokenization of physical art,,In order to have better visibility and more liquid market shares, NFTs will continue to gain momentum in the years to come..

only pictures(Zoo li Cryptopunks avatars en pixels)In addition to the classic Aspect use case, NFTs have also become prominent in other areas such as games and music.. Decentraland, Axi Infinity, etc.block chain gameThis proves the value of providing treasure in the game, such as allowing players to acquire the ability and personal inheritance and status change.Domaine musical NFTProjects such as Audius and Royal are setting the stage for fans to direct the work of their favorite artists and show off their success in the form of royalties.NFT projects in 2022 will introduce more diversity to the use of information and expand the way we think about and interact with digital media owners.

(5)Dao: Decentralized Autonomous Organizations (DAOs), one of the largest cryptocurrencies by 2021, have been honored for their commitment to being a vehicle for justice and integration. We see some DAOs developing around digital cultures (like FWB and PleasrDAO), public service and capital allocation (like BitDAO and ConsitutionDAO), even effective social interactions (eg KlimaDAO on climate change).Given the importance of DAOs, it is hoped that DAOs will become an essential tool for organizing and collaborating online, helping people around the world to engage and take action as they please. ..

Along with growing DAO organizations, the Crypto site has begun to recognize and address some of the differences in DAO tools, features, and upgrades. For example, platforms like Syndicate simplify the process of creating DAOs for enterprise sharing, while platforms like Station help users sign DAOs, create, and build working DAOs in less record time more than in the past. To make easy.As DAO works hard, we expect more work to be done on DAO equipment and infrastructure by 2022.

(6)DeFi Security: 2021 raises more questions about the security of DeFi than any other year. In 2021, over $610 million was stolen from DeFi vulnerabilities (eight times $77 million in 2020), and another $704 million was stolen, or $600 million through PolyNetwork. Returned by Hat Hacker. Hackers behind smart contracts are not easy. Although these incidents are the inevitable and unfortunate consequences of the development of DeFi, they can still be attributed to some of the gaps in technology that affect technology for DeFi, ultimately limit DeFi's ability to capture multiple budgets.

Improving various processes and tools to help users interact with secure Crypto financial products is key to supporting DeFi transformation. For example, projects such as Forta and Nexus Mutual have achieved significant success in securing the crypto financial ecosystem. Forta enables dapps to monitor operational security, and Nexus Mutual provides smart contract coverage for dapp users. However, there are still many drawbacks in smart contracts under DeFi, most of which are still unknown.In 2022, we expect security to be at the forefront of DeFi operations, with more work in better tracking contracts, timely monitoring, and protecting clients when using assets.

finally write

In conclusion, the cryptospace has seen phenomenal growth and there is a surprising amount of innovation in 2021, from blockchain infrastructure to DeFi to NFTs and more. Cryptography has proven to be one of the most powerful technologies of our time, providing unprecedented privacy, unreliability, integration and sharing. On the other hand, integration is still very laborious, monopolistic and fragmented.

The public has never paid more for crypto than they do today, and the growth in adoption will remain the same and accelerate the pace of change in the future. We are very happy to see that this new direction will allow Crypto to capture more of the financial and digital space and become a more robust and secure platform that supports how we interact with the website. in 2022 Road.