Over the next ten years, revenues in the cryptocurrency industry will increase sixteen-fold, from $25bn to $400bn. Such projections were put forward by Bernstein analysts, according to CoinDesk.
“This year will lay the foundations for a decade-long ‘golden age’ of innovations in dapps. This will happen due to the industry’s shift from the thesis of ‘revenue-generating’ infrastructure to the thesis of ‘revenue-generating’ applications,” — the experts noted.
Half of the $400bn will go to decentralized protocols. At present, their share does not exceed 15%.
Growth in dapps revenue by a factor of 100 over the next ten years will be linked to innovations in blockchain scalability and an increase in the number of applications in the financial services and consumer technologies sectors, the experts explained. This niche will account for 75% of revenue by 2033, compared with 40% today.
In financial applications, growth drivers will be DEX, lending, and structured/tokenised products.
In consumer dapps, analysts expect revenue growth from NFT-based games.
The off-chain revenue growth drivers for the industry will be services for institutional investors — prime brokerage, custody and market making.
Earlier in December, Bernstein analysts considered the sale of the Grayscale Bitcoin Trust as a possible scenario in the company’s restructuring process.
Read ForkLog’s bitcoin news on our Telegram — cryptocurrency news, rates and analytics.