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Jan 17, 2023 10 tweets 7 min read Read on X
#CoinGecko 2022 Annual Crypto Industry Report 📊

2022 was a tumultuous year for #crypto - NFTs and DeFi are among the hardest hit sectors, while stablecoins had a mixed performance.

Here are 8 key highlights you shouldn't miss 👇 Image
1) #Crypto market was mainly in consolidation after Q2 ↔️

• Q2 2022 was the most brutal period with the largest drawdown, due to the Terra/LUNA crash.
• Total crypto market cap started the year at $2.3T, dropped below $1T in Q2, and ended the year 64.1% lower at $829B. Image
2) Stablecoins gained crypto dominance, but suffered net outflows 🪙

• Investors turned to safer assets, with $USDT, $USDC, and $BUSD increasing in dominance in the market.
• The stablecoins market slid 16.6%, with most losses during the $UST collapse in May. Image
3) #FTX contagion impacted over 1M and counting 🦠

• The FTX collapse led to widespread losses, impacting around 1M depositors, creditors and investors.
• While many companies and institutions have already fallen, it is likely that more are expected to follow suit in 2023. Image
4) #BTC performed the worst among major assets 📉

• Major assets performed poorly and ended with yearly price returns in the red, except for crude oil and the US Dollar Index (DYX).
• Bitcoin recorded the steepest decline of 64.2%, which was almost twice that of NASDAQ (-34%). Image
5) $ETH staking grew QoQ ahead of Ethereum upgrades 🐼

• Total staked #ETH closed the year at 15.8M, up from 8.8M.
• Following #Ethereum's successful Merge and in anticipation of the Shanghai upgrade, total staked ETH posted notable growth of 12.5% in Q4. Image
6) #DeFi sector still reeling from major setbacks ❌

• The market cap of DeFi tokens plummeted by 72.9% YoY to $17.9B.
• Lending protocols and yield aggregators were the worst-performing verticals for the year, due to inflated valuations and capital withdrawals. Image
7) @opensea defends leading position amid NFT winter ❄️

• Top 5 NFT marketplaces’ trading volume plunged by 93.1% from $13.3B in Q1 to $1.5B in Q4.
• Despite the rise of #SolanaNFTs on @MagicEden, OpenSea dominates with a market share of 65.4%. Image
8) Spot trading declined to all-year lows in December 😰

• Spot trading volume on the top 10 exchanges sank 67.3% to an all-year low of $0.46T in Dec 2022.
• Despite #FTX’s collapse highlighting centralization risks, the CEX to DEX trading ratio remained relatively unchanged. Image
That's all we're spilling for now, Geckos! Check out the full report by tapping on the link below ⬇️

A big shoutout to @1inch for sponsoring our 2022 Annual Crypto Report! #1inch is a DEX aggregator that aims to provide the best crypto prices for traders.
gcko.io/9sunbzk

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Top 8 Most Profitable Crypto Narratives in 2024

1. Memecoin - 1313%
2. RWA - 286%
3. AI - 222%
4. DeFi - 99%
5. DePIN - 81%
6. Layer 1 - 70%
7. Gaming - 64%
8. Layer 2 - 39%
Which crypto narratives have the highest returns?

Our study shows that memecoins were by far the most profitable crypto narrative in Q1 2024, having recorded the highest returns of 1312.6% on average across its top tokens.

Read the full study: gcko.io/gifurvfImage
1/ The second most profitable crypto narrative, RWA, saw 285.6% returns in Q1 2024.

RWA was briefly the most profitable narrative in early February but was overtaken by the memecoin and AI narratives, until it managed to surpass the AI narrative again in late March.
Read 8 tweets
Jan 31
What were the largest centralized exchanges in 2023?

Our study shows that #Binance was the market leader amongst the centralized exchanges, with 52.6% market share of the total spot trading volume in 2023.

Read the full study: gcko.io/950rh96Image
1/ However, #Binance has been slowly losing market share throughout 2023, having started the year with 63.5%, before dropping to 43.7% in December.

In absolute terms, it generated $3.8T in trading volume in 2023.
2/ #Upbit managed to retain its position as the second-largest centralized exchange in 2023, having recorded $687.0B in spot trading volume.

This translates into a 9.5% market share in the year. Upbit hit a yearly high of $90.7B in monthly spot trading volume in December.
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Dec 11, 2023
How many Web3 games have failed?

Our study shows that around 2,127 web3 games have failed in the last five years since the GameFi niche emerged, representing 75.5% of the 2,817 web3 games launched.

Read the full study: gcko.io/1cxuuve

Image
1/ In other words, 3 out of every 4 web3 games have become inactive.

The average annual failure rate for web3 games has been 80.8% from 2018 to 2023, based on the number of web3 games failed compared to launched.
2/ After the success of CryptoKitties in late 2017, play to earn (P2E) gaming became a popular crypto narrative.

As a result, 422 web3 games were launched in 2018, but 307 failed in the same year.
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Nov 23, 2023
What are the biggest crypto gainers since OpenAI fired & rehired Sam Altman?

Our study shows that $AKT took the lead, soaring by 61.1% from $1.02 to $1.65 on Nov 23, 2023. It hit a peak of 80.4% on Nov 20, reaching $1.85.

Read the full study: gcko.io/eygjkw8

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1/ $TRAC was the second largest gainer, increasing by 45.8% from $0.26 to $0.38 in the same period.

At its height, it increased 50.9% by November 20, when its price reached $0.40.
2/ $TAO came in close as the third largest gainer, increasing by 33.9% from $171.87 to $230.15 in the same period.

It reached its peak of 71.3% on November 20, when its price reached $294.39.
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Nov 23, 2023
How has OpenAI firing & rehiring Sam Altman impacted AI tokens?

Our study shows that 10 out of 11 AI tokens made gains after @OpenAI’s announcement to fire & rehire Sam Altman as its CEO, with gains ranging from 11.8% to 61.1%.

Read the full study: gcko.io/eygjkw8

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1/ 9 out of 11 AI tokens peaked on November 20, 2023, where gains ranged from 19.3% to 80.4%, shortly after @Microsoft announced that Altman, Brockman, and colleagues will join them to lead a new AI research team.
2/ 2 out of 11 AI tokens peaked on November 22, 2023, where gains ranged from 26.4% to 50.9%, shortly after @OpenAI’s announcement that Altman would return to OpenAI as CEO.
Read 7 tweets

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