Unchained Crypto 2022 Outlook: Where Will the Markets Go This Year? Plus DeFi and NFTs - Ep.305
Jan 4, 2022
Larry Cermak, VP of Research at The Block, and Igor Igamberdiev, Director of Research and Data at The Block, dive deep into crypto trends of 2021 and forecasts for 2022. They dissect why the market didn't peak as expected post-Bitcoin halving, Larry’s views on DeFi tokens, and the implications of Ethereum's transition to 2.0. Igor shares insights on multichain solutions fueling VC investments and the shifting dynamics of NFTs. Their discussion also navigates the future of KYC-DeFi and the metaverse, offering a fresh perspective on this evolving landscape.
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L1s Capitalized on Ethereum's Fees
- Ethereum's high gas fees priced out new DeFi users, benefiting alternative L1s like Binance Smart Chain.
- These L1s offered cheaper fees and EVM compatibility, attracting users and developers seeking higher returns.
Solana's Ecosystem Growth
- Solana successfully bootstrapped its developer ecosystem by offering incentives and guaranteeing listings on FTX.
- This strategy, combined with the promise of high returns, attracted significant investment.
Ethereum 2.0 Rollout
- Larry Cermak believes Ethereum 2.0's rollout will be slower and more complex than anticipated.
- He cites uncertainties around timing, functionality, liquidity fragmentation, and cross-chain compatibility.
