State of the Crypto Industry Report 2021

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nft

Rising Interest
in NFTs

In 2021, we saw the NFT market has been driven largely by influential figures.

With the rising interest in buying NFTs, the top 10 NFT traders have netted in a whopping total profit of 46,221 ETH (~$185M).

Axie Infinity Generated $1.3B in Revenue

In 2021, we saw the NFT market has been driven largely by influential figures.

With the rising interest in buying NFTs, the top 10 NFT traders have netted in a whopping total profit of 46,221 ETH (~$185M).

axie

Smart Money
Activity

With Nansen’s Smart Money, you can track what the best DeFi and NFT players in the space are up to in real-time.

asd

Stablecoin USDC  
market cap flipped USDT on Ethereum

This can be attributed to increased USDT regulatory scrutiny in 2021, and to USDC seeming to have found its niche as the preferred stablecoin in decentralized trades.

On 5 Jan 2022, USDC market cap flipped USDT on Ethereum.

institution

Institutional Adoption
Yet to Materialize

2021 was the year institutions wanted to “ape in”, but many obstacles.

Exposure via derivatives is currently the favorite .

For crypto-native funds, many are looking for opportunities beyond Ethereum.