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Coingecko annual report: The killer app for cryptocurrencies in 2021 is NFT

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With the popularity of Metaverse and Web3.0, the concepts of NFT and blockchain are bound to continue to grow as people's awareness expands.

Original title: Interpretation of Coingecko's Annual Report & AMP; Translation | What A Year!

原文来源： Coingecko

Partial Crypto

2021 Overview

- The entire industry will close at $2 trillion in 2021, with a peak of more than $3 trillion, and bitcoin's share of market cap at the end of the year is below 40%.

- Public chain (Ethereum and ethereum competitors), MEME coins rose the most

- DeFi TVL continues to rise, there are quite a few protocols on the public chain that have picked up slightly, supporting DeFi

- In the second half of the year, NFT exploded, Axie games exploded, NFT transaction volume nearly $24 billion a year

- Since Facebook changed its name to Meta, the original universe, Web3 concept exploded, NFT based GameFi, SocialFi concept continued to grow

- Coinbase is listed on NASDAQ, the BITCOIN futures ETF is listed in the US, and El Salvador accepts Bitcoin as legal tender

Major currencies

- Solana jumped into the top five and peaked at over 150 times

-Doge SHIB, for MEME inflation

- Hundredfold coins are many: LUNA, SHIB, MATIC, FTM, AXS

- Centralized exchanges Only BNB, CRO and OKB remain in the top 30

- ETH increased its market cap by 10% to 22%

Stable currency

- The top five stablecoins in 2021 have added $127 billion, or 469%, in market capitalization

- USDT is still number one, bigger than the next four combined

- UST is growing fast, squeezing DAI

- Even MIM FRAX is over $100 million

The big event

Hacker attack security event

- $14 billion of assets affected in 2021

- The biggest hack was Poly Network's $600 million, the biggest Bug was Compound's bonus coffers affected $147 million,Polygon Almost GG because of the Bug, 800,000 matis were stolen

The currency

Bitcoin's annual price return is 62%

Listed companies continue to buy bitcoin, El Salvador accepts it as legal tender, The Chinese government bans the mining of digital assets, miners migrate, and Bitcoin Taproot upgrades

- Bitcoin was the best performing asset class again, followed by oil and S& P 500, Nasdaq

- Bitcoin is nearly as valuable as Meta, half as valuable as Amazon, almost half as valuable as Google, one-third as valuable as Apple, and 7% as valuable as gold

- Public companies own 1.14 percent of bitcoin

The etheric fang

- ETH has quadrupled in a year, ATH $4815

- Two major upgrades: IP-1559 & AMP; Beacon chain Altair

- This year's Merge, difficulty bomb will start in The middle of The year, PoW will not be able to mine, and shard chain will start in 2023

- Ip-1559 destroyed 6.16 ETH per minute on average, some of them were deflationary, most of them were inflationary, but the net number of ETH added decreased

- The most ETH destroyed applications are: OpenSea, ETH transfer,Uniswap V2, USDT, Uniswap V3, Metamask, USDC, Axie

- The annual average Gas cost is 105 Gwei, which fluctuates less after 1559 than before

- ETH 2.0 Staking is up threefold, to 8.84 million ETH

Other male chain

- Multi-chain era is coming

- Cheap, fast + financial incentives are other core reasons linked together

DeFi analysis

- Total market value of DeFi projects increased 6.5 times, doubling to 6.5 percent

- Ethereum led the decline, BSC, Terra, AVAX, Polygon, Solana, FTM grew the most

NFT

- NFT trading volume skyrocketed in the second half of the year, with OpenSea leading the market

- Total trading volume for the year approached $24 billion

- The NFT market is still on Ethereum, Ronin has a lot of transaction volume due to Axie, while other chains have small NFT transaction volume

- Key words: CryptoPunks, BAYC, Beeple

- NFT big event

exchange

- The overall market averages almost $1.9 trillion in monthly trading volume, with decentralized exchanges increasing their share to 10 percent, with the highest monthly trading volume of the year in May

- In terms of competition, Binance ranked first, with less than half of the market share at the beginning of the year, and more than half of the market share in the second and third quarters. Later, due to the impact of global regulation and the efforts of other exchanges, Binance's market share finally reached 40+%

- Huobi is completely dead, with nearly 20% market share by the end of the year and only 7% (spot); OK remains stable 13-14%

- Crypto.com is the biggest dark horse

In DEX, Uniswap is still the first, Sushi has a lot of decline, and Trader Jeo has the fastest growth; DEX overall Q4 trading volume increased 67%

- Binance has held more than half of the market for bitcoin contracts since May

(1) Huobi fell the most from 16% to 4%

(2) Kucoin and FTX increased the most, 207% and 42% respectively

- Binance # 1, FTX # 2, Bybit # 3 (end of year), Huobi is almost gone, OK remains stable, Kucoin continues to grow, BitMEX has halved