2022 was an INSANE rollercoaster year for #DeFi -
TVL dropped by more than 150B $ and > $1T wiped out from crypto markets this year!🩸
As 2023 approaches:
Should you still be bullish on #crypto?🤔
Who is the new KING to hold onto this year?
Uncover the answers in this🧵
TVL dropped by more than 150B $ and > $1T wiped out from crypto markets this year!🩸
As 2023 approaches:
Should you still be bullish on #crypto?🤔
Who is the new KING to hold onto this year?
Uncover the answers in this🧵
2/n
Unlock the Future of #DEFI and Find Out Who's the KING in 2022! Here's Our Summary of What is to come:
- How Big Has DEFI Gotten?
- Which Token Rules Over All?
- Could Bankruptcies Spell the End of #Crypto?
- What's The Potential of Crypto in The Next Few Years?
Dive in👇
Unlock the Future of #DEFI and Find Out Who's the KING in 2022! Here's Our Summary of What is to come:
- How Big Has DEFI Gotten?
- Which Token Rules Over All?
- Could Bankruptcies Spell the End of #Crypto?
- What's The Potential of Crypto in The Next Few Years?
Dive in👇
3/n
First of, I would like to thank the following pillars of crypto for their continued work and market research this thread is based on
@nansen_ai & @coingecko @GrandViewInc @DefiLlama
First of, I would like to thank the following pillars of crypto for their continued work and market research this thread is based on
@nansen_ai & @coingecko @GrandViewInc @DefiLlama
4/n
Despite a brutal bear market 🐻, #DeFi’s resilience has been incredible to watch.
DeFi yields remain suppressed across the board and chasing yield caused plenty of harm this year (#Celsius, #LUNA, $UST and more..)
Despite a brutal bear market 🐻, #DeFi’s resilience has been incredible to watch.
DeFi yields remain suppressed across the board and chasing yield caused plenty of harm this year (#Celsius, #LUNA, $UST and more..)
5/n
Despite some big #crypto companies like #BlockFi and #FTX facing insolvency, the fundamentals remain resilient. With a washout of some of the major centralized figures in this space, #crypto is returning to its roots - code rather than kings
Despite some big #crypto companies like #BlockFi and #FTX facing insolvency, the fundamentals remain resilient. With a washout of some of the major centralized figures in this space, #crypto is returning to its roots - code rather than kings
6/n
From a long-term value perspective, 2022 was been phenomenal, flushing out bad actors
From a price-oriented perspective, 2022 was brutal📉
This🧵examines #DeFi throughout 2022 through the lens of #onchain data, providing a broad overview of the space and how it has changed
From a long-term value perspective, 2022 was been phenomenal, flushing out bad actors
From a price-oriented perspective, 2022 was brutal📉
This🧵examines #DeFi throughout 2022 through the lens of #onchain data, providing a broad overview of the space and how it has changed
7/n
#DEFIs TVL stands at nearly $42 billion, at time of writing according to @DefiLlama.
This is a sharp drop from the year’s outset, where it stood at $166.7 billion.
DeFi lost 76% of TVL in dollar terms in 2022!
You can see the sharp drop in #Uniswap’s TVL on the $ETH chain
#DEFIs TVL stands at nearly $42 billion, at time of writing according to @DefiLlama.
This is a sharp drop from the year’s outset, where it stood at $166.7 billion.
DeFi lost 76% of TVL in dollar terms in 2022!
You can see the sharp drop in #Uniswap’s TVL on the $ETH chain
8/n
$ETH remains the king of DeFi.
The #Ethereum ecosystem holds more than 58% of all the liquidity within #DeFi in its ecosystem.
This is more than #BSC, #Polygon, #Tron and #Arbitrum together!
$ETH remains the king of DeFi.
The #Ethereum ecosystem holds more than 58% of all the liquidity within #DeFi in its ecosystem.
This is more than #BSC, #Polygon, #Tron and #Arbitrum together!
9/n
Despite the pullback in the TVL and the big size of hacks we had, traditional finance analysts remain bullish on the sector🐂
A report from @marketsmarkets predicts that the global #blockchain venture market will reach $67.4 billion by 2026!
globenewswire.com/en/news-releas…
Despite the pullback in the TVL and the big size of hacks we had, traditional finance analysts remain bullish on the sector🐂
A report from @marketsmarkets predicts that the global #blockchain venture market will reach $67.4 billion by 2026!
globenewswire.com/en/news-releas…
10/n
DeFi’s growth shows no sign of slowing down, and @GrandViewInc expects that the decentralized finance market size will continue to expand at a Compound Annual Growth Rate (CAGR) of 42.5% from 2022 to 2030.
grandviewresearch.com/industry-analy…
DeFi’s growth shows no sign of slowing down, and @GrandViewInc expects that the decentralized finance market size will continue to expand at a Compound Annual Growth Rate (CAGR) of 42.5% from 2022 to 2030.
grandviewresearch.com/industry-analy…
11/n
Unique DeFi users have risen by 40% in 2022. Despite market conditions, DeFi users have gone from 4.7 million at the start of 2022 to more than 6.5 million.
The number of unique DeFi users has increased by nearly 700% over a two-year period!
Unique DeFi users have risen by 40% in 2022. Despite market conditions, DeFi users have gone from 4.7 million at the start of 2022 to more than 6.5 million.
The number of unique DeFi users has increased by nearly 700% over a two-year period!
12/n
According to data provided by @TheBlock__, the cumulative DeFi revenue has increased by more than 2,100% since 2021, with total revenue increasing from $3.7 to $5.22 billion in 2022.
This growth shows that #DeFi generated a remarkable $1.5+ billion in revenue during 2022.
According to data provided by @TheBlock__, the cumulative DeFi revenue has increased by more than 2,100% since 2021, with total revenue increasing from $3.7 to $5.22 billion in 2022.
This growth shows that #DeFi generated a remarkable $1.5+ billion in revenue during 2022.
13/n
#Decentralized wallets like @TrustWallet and @MetaMask have been growing fast
#MetaMask boasts over 30 million users and 21 million monthly active users. This represents an increase of 3,800% since 2020.
NB, There are many rumors about MM #airdrop:
#Decentralized wallets like @TrustWallet and @MetaMask have been growing fast
#MetaMask boasts over 30 million users and 21 million monthly active users. This represents an increase of 3,800% since 2020.
NB, There are many rumors about MM #airdrop:
https://twitter.com/Overdose_AI/status/1593220719403728896
According to internal twitter data, more than 1B #crypto-related tweets were posted since 2020, and more than 300M of those in the first third of 2022
This contributed to the meteoric rise of great CT influencers such as:
@cobie
@cz_binance
@EricCryptoman
@tqsully
@Crypto_Aeon7
This contributed to the meteoric rise of great CT influencers such as:
@cobie
@cz_binance
@EricCryptoman
@tqsully
@Crypto_Aeon7
14/n
What’s more, 2022 has surprisingly been a year of institutional adoption.
For the first time ever, an institution, @jpmorgan , executed its first-ever cross-border transaction using #DeFi on a public blockchain.
cointelegraph.com/news/jp-morgan…
What’s more, 2022 has surprisingly been a year of institutional adoption.
For the first time ever, an institution, @jpmorgan , executed its first-ever cross-border transaction using #DeFi on a public blockchain.
cointelegraph.com/news/jp-morgan…
15/n
So should you be bullish on #DEFI? Are we still early?
IMO the answer is yes, because Defi is expected to:
- Grow in TVL and User base by 1000s of %
- Expand with a Compound Annual Growth Rate of 42.5% from 2022 to 2030.
- Gross $231 billion in revenue in 2030.
So should you be bullish on #DEFI? Are we still early?
IMO the answer is yes, because Defi is expected to:
- Grow in TVL and User base by 1000s of %
- Expand with a Compound Annual Growth Rate of 42.5% from 2022 to 2030.
- Gross $231 billion in revenue in 2030.
16/n
I think you should also be #bullish in the short term too.
the opportunities are always here, and my crypto channel proves it every single month!
In December alone, I @Overdose_AI shared multiple tokens that did 50x-100x like: $BEEP, $CP and $CHOO .
I think you should also be #bullish in the short term too.
the opportunities are always here, and my crypto channel proves it every single month!
In December alone, I @Overdose_AI shared multiple tokens that did 50x-100x like: $BEEP, $CP and $CHOO .
17/n
For more #crypto & #defi information and real time analysis, make sure to follow me on Twitter and on my free Telegram channel!
Knowledge is 💹.
t.me/overdose_gems_…
For more #crypto & #defi information and real time analysis, make sure to follow me on Twitter and on my free Telegram channel!
Knowledge is 💹.
t.me/overdose_gems_…
18/n
DISCLAIMER: This thread is not endorsed by 3rd parties mentioned in anyway, and is our subjective opinion. It is not a financial advice in any way and I encourage everyone to do their own research and DD. This thread is for educational purposes only and may contain mistakes
DISCLAIMER: This thread is not endorsed by 3rd parties mentioned in anyway, and is our subjective opinion. It is not a financial advice in any way and I encourage everyone to do their own research and DD. This thread is for educational purposes only and may contain mistakes
19/n
Again, big credit to @nansen for the article and other platforms such as Grand view, @Defilama and @Uniswap.
References:
nansen.ai/guides/defi-st…
grandviewresearch.com/industry-analy…
hypebeast.com/2022/3/exclusi…
defillama.com/chains
Again, big credit to @nansen for the article and other platforms such as Grand view, @Defilama and @Uniswap.
References:
nansen.ai/guides/defi-st…
grandviewresearch.com/industry-analy…
hypebeast.com/2022/3/exclusi…
defillama.com/chains
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