Key highlights of the crypto market in 2021

Bitcoin hits new all-time high at around $68,000

Source: Glassnode. Illiquid Bitcoin supply, 2021

NFT was on the rise

Source: Statista. Total number of sales involving a non-fungible token (NFT) in the art sector worldwide over the previous 30 days from April 12 to December 15, 2021, by type

DeFi experienced an unprecedented growth

Source: DeFiLlama. Total Value Locked in DeFi as of December 4, 2021

Scaling solutions emerged to facilitate blockchain capabilities

Ethereum launched EIP-1559 and prepared for the Eth2 merge

The first bitcoin upgrade in four years was activated

Over $600 million was initially stolen in a record DeFi hack

Source: Chainanalysis. Total yearly cryptocurrency value received by scammers, 2017–2021

China banned cryptocurrency

Source: Blockchain.com. Bitcoin hash rate between Jan 2009 and Dec 2021

Lawmakers have focused on regulating the crypto market

Ethereum's competitors gain market share

Source DappRadar. Top Blockchains by Total Value Locked in DeFi, in Bn USD as of December 15, 2021

What can we expect in 2022?

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