This year saw multiple attacks on the DeFi sector, causing safety concerns. Innovation was also rampant, with hype trends such as DeFi2.0 and OHM crash, as well as the ‘meme (3-3)’. Eventually, the market settled on DeFi 1.0 infrastructure projects such as Uniswap and AaveMakerDAO. Despite bearish conditions, the major DeFi projects managed to remain secure and attracted many new customers to CeFi projects such as Celsius and FTX.
SocialFi also made its mark in 2022, with the introduction of projects such as Web3 STEPN lifestyle app, Galxe Chain SPACE ID, Lens Protocol and Hooked Protocol. Additionally, the Qatar 2022 World Cup utilized Fan Tokens to gain further publicity for the market.
GameFi suffered a bearish year, with no significant innovation in the gaming sector. The Move-2-Earn model, however, was highly admired for its tokenomics, marketing and restoring faith in the industry. Ethereum GameFi maintained its dominance in the market, but the development rate for projects was slow.
Regulators in the developed world saw great progress in the past year, with the US releasing a regulatory framework for cryptocurrency, the EU approving the MiCA Law, the UK and South Korea creating related organizations, and Russia and Hong Kong driving policy dialogue for digital asset mining and value. The market volatility was partially due to the sharp drop in funds and partly to regulatory loopholes.
For more information, visit the ViaBTC website Capital Site via the link
https://capital.viabtc.com/weblog/ViaBTC-Capital:-2022-Review-and-2023-Forecast-in-Crypto-Industry-193?class=0&lang=en_US
This year saw numerous attacks on the DeFi sector, leading to safety concerns. Innovations were in abundance, with the hype of DeFi2.0, OHM crash and the “meme (3-3)”, however the focus returned to DeFi 1.0 infrastructure projects such as Uniswap and AaveMakerDAO. Fortunately, the major DeFi projects were able to retain their security and draw in more customers to CeFi projects such as Celsius and FTX.
SocialFi was also prominent in 2022, with several flagship tasks such as Web3 STEPN lifestyle app, Galxe Chain SPACE ID, Lens Protocol and Hooked Protocol. The Qatar 2022 World Cup was also successful in using Fan Tokens to bring additional attention to the market.
GameFi had a bearish year, with no breakthroughs in the gaming sector. The Move-2-Earn model, however, was acclaimed for its tokenomics, marketing and reviving the industry. Ethereum GameFi continued to dominate the market, yet the development rate for projects was sluggish.
Regulators in the advanced world made remarkable progress in the last year, with the US establishing a regulatory framework for cryptocurrency, the EU approving the MiCA Law, the UK and South Korea creating related organizations, and Russia and Hong Kong driving policy talks for digital asset mining and value. The market volatility was partly caused by the drastic plunge in funds and partly due to regulatory loopholes.
For more information, visit the ViaBTC website Capital Site via the link
https://capital.viabtc.com/weblog/ViaBTC-Capital:-2022-Review-and-2023-Forecast-in-Crypto-Industry-193?class=0&lang=en_US
