{"id":55653,"date":"2022-01-11T09:30:00","date_gmt":"2022-01-11T07:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55653"},"modified":"2025-09-04T02:39:17","modified_gmt":"2025-09-03T23:39:17","slug":"2021-in-figures-bitcoin-records-nft-gamefi-boom-and-the-rise-of-ethereums-l2-solutions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/2021-in-figures-bitcoin-records-nft-gamefi-boom-and-the-rise-of-ethereums-l2-solutions\/","title":{"rendered":"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom, and the Rise of Ethereum\u2019s L2 Solutions"},"content":{"rendered":"<div class=\"wp-block-monthly-reviews-top-blk review_top_blk\">\n<h2 class=\"wp-block-heading\">Key highlights<\/h2>\n<ul class=\"wp-block-list\">\n<li>Bitcoin and Ethereum updated all-time highs. Total market capitalisation exceeded $3 trillion.<\/li>\n<li>In the United States, Bitcoin-based futures ETFs were launched.<\/li>\n<li>Long\u2011term investors increased Bitcoin reserves.<\/li>\n<li>Bitcoin hash rate fully recovered after the drop caused by the migration of miners from China.<\/li>\n<li>Ethereum miners\u2019 revenues surpassed Bitcoin miners by 40%.<\/li>\n<li>Alternative L1 networks strengthened their positions. Liquidity in the DeFi sector rose 13-fold, to $245 billion.<\/li>\n<li>OpenSea\u2019s share of total NFT trading volume exceeded 90%.<\/li>\n<li>With Bitcoin legalised in El Salvador, the capacity of the Lightning Network grew threefold.<\/li>\n<li>Venture investors poured more than $32 billion into the blockchain ecosystem.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Dynamics of leading assets<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3-1024x490.png\" alt=\"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom and Ethereum L2s\" class=\"wp-image-160975\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3-1024x490.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3-300x144.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3-768x368.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3-1536x735.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT-3.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/Pxxk3gPb\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"458\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2-1024x458.png\" alt=\"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom, and Ethereum L2s\" class=\"wp-image-160976\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2-1024x458.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2-300x134.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2-768x344.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2-1536x688.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/ETHUSDT-2.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily ETH\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/Pxxk3gPb\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>On November 10, 2021, Bitcoin and Ethereum updated all-time highs at $69,000 and $4,868 respectively.<\/li>\n<li>The cryptocurrency market capitalisation at its peak <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-hits-all-time-high-at-69000\">surpassed<\/a> $3 trillion.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"201\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-3.png\" alt=\"Bitcoin and Ethereum dynamics in 2021\" class=\"wp-image-160978\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-3.png 708w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-3-300x85.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><figcaption class=\"wp-element-caption\">Bitcoin and Ethereum dynamics in 2021. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/Pxxk3gPb\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"378\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/tsena-po-mesyatsam-1024x378.png\" alt=\"Bitcoin monthly dynamics\" class=\"wp-image-160979\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/tsena-po-mesyatsam-1024x378.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/tsena-po-mesyatsam-300x111.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/tsena-po-mesyatsam-768x283.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/tsena-po-mesyatsam.png 1299w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin monthly dynamics. Data: <a href=\"https:\/\/www.coinglass.com\/today\">coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin&#8217;s year\u2011long performance resembled 2013 when the uptrend was only briefly interrupted by short corrections.<\/li>\n<li>Bitcoin annual return was nearly 60%, Ethereum about 400%.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"523\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/gainers-20-1024x523.png\" alt=\"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom, and Ethereum L2s\" class=\"wp-image-160981\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/gainers-20-1024x523.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/gainers-20-300x153.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/gainers-20-768x392.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/gainers-20-1536x784.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/gainers-20.png 1584w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Gainers of 2021. Data: <a href=\"https:\/\/messari.io\/screener\/monthly-gainers-(copy)-E99DF2E8\">Messari<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n\u0421\u0440\u0435\u0434\u0438 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u0441 \u0443\u043c\u0435\u0440\u0435\u043d\u043d\u043e\u0439 \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0435\u0439 \u043d\u0430\u0438\u0431\u043e\u043b\u0435\u0435 \u0432\u043f\u0435\u0447\u0430\u0442\u043b\u044f\u044e\u0449\u0443\u044e \u0434\u0438\u043d\u0430\u043c\u0438\u043a\u0443 \u043f\u043e\u043a\u0430\u0437\u0430\u043b\u0438 \u0442\u043e\u043a\u0435\u043d\u044b GameFi-\u0441\u0435\u0433\u043c\u0435\u043d\u0442\u0430, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0430\u043b\u044c\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u043d\u044b\u0435 L1-\u0441\u0435\u0442\u0438. \u0412 \u0442\u043e\u043f-10 \u043b\u0438\u0434\u0435\u0440\u043e\u0432 \u043f\u043e \u043f\u0440\u0438\u0440\u043e\u0441\u0442\u0443 \u0432\u043e\u0448\u043b\u0438:<\/p>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Gala (GALA): <br \/><span style=\"color: #33B905\">+27 808%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Axie Infinity (AXS): <br \/><span style=\"color: #33B905\">+16 618%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Fantom (FTM): <br \/><span style=\"color: #33B905\">+14 814%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>The Sandbox (SAND): <br \/><span style=\"color: #33B905\">+13 024%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Terra (LUNA): <br \/><span style=\"color: #33B905\">+11 756%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Polygon (MATIC): <br \/><span style=\"color: #33B905\">+9730%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Solana (SOL): <br \/><span style=\"color: #33B905\">+7672%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Harmony (ONE): <br \/><span style=\"color: #33B905\">+6279%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Decentraland (MANA): <br \/><span style=\"color: #33B905\">+3784%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3>Crypto-linked equities in 2021<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>MicroStrategy (MSTR): <br \/><span style=\"color: #33B905\">+40,13%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Coinbase (COIN): <br \/><span style=\"color: #33B905\">+0,95%<\/span><\/strong><i style=\"font-size: 14px; display: block; line-height: normal;\">(listing occurred on 14 April at a reference price of $250)<\/i><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Bakkt (BKKT): <br \/><span style=\"color: #FA0021\">-14,9%<\/span><\/strong><i style=\"font-size: 14px; display: block; line-height: normal;\">(listing occurred on 18 October; reference price \u2014 $10)<\/i><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Galaxy Digital (GLXY): <br \/><span style=\"color: #33B905\">+107,8%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk\">\n<h3>Mining-equipment stocks in 2021<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Canaan (CAN): <br \/><span style=\"color: #FA0021\">-13,15%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Ebang International (EBON): <br \/><span style=\"color: #FA0021\">-83%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Riot Blockchain (RIOT): <br \/><span style=\"color: #33B905\">+31,43%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Hut 8 (HUT): <br \/><span style=\"color: #33B905\">+185,45%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Marathon Digital (MARA): <br \/><span style=\"color: #33B905\">+214,75%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<p>The performance of crypto-related equities generally remained robust through 2021. Some failed to hold gains and corrected by year-end as crypto markets did.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"458\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500-1024x458.png\" alt=\"Bitcoin gold and S&#038;P 500 in 2021\" class=\"wp-image-160994\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500-1024x458.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500-300x134.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500-768x344.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500-1536x688.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/btc-gold-sp500.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin, gold and S&#038;P 500 dynamics in 2021. Data: TradingView.<\/figcaption><\/figure>\n<p>Bitcoin again outperformed gold and the S&#038;P 500 over the year. Its return was more than twice the pace of the U.S. economy barometer. Gold declined by almost 6% over the year.<\/p>\n<\/div>\n<h2 class=\"wp-block-heading\">Macroeconomic backdrop<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-42-1024x573.png\" alt=\"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom, and Ethereum L2s\" class=\"wp-image-161050\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-42-1024x573.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-42-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-42-768x430.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-42.png 1049w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CME FedWatch.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Over the year the Fed <a href=\"https:\/\/forklog.com\/en\/news\/fed-signals-three-rate-hikes-in-2022-amid-inflation-risks\">printed<\/a> $1.39 trillion; its balance sheet reached $8.83 trillion (37.9% of US GDP). Following the December 14\u201315 meeting, the department <a href=\"https:\/\/forklog.com\/en\/news\/fed-signals-three-rate-hikes-in-2022-amid-inflation-risks\">doubled<\/a> the pace of asset-purchase tapering\u2014from $15 billion to $30 billion. At this pace, the quantitative easing program will end in March 2022. <\/li>\n<li>The regulator did not rule out three rate hikes in 2022. The previous September <a href=\"https:\/\/forklog.com\/en\/news\/fed-officials-flag-a-modest-rate-hike-path-as-cryptocurrencies-reclaim-tuesdays-highs\">forecast<\/a> allowed only one increase this year and two in the next. At the current level of 0%\u20130.25% per year, this parameter has stood since March 2020 when the Fed loosened policy in response to COVID-19.<\/li>\n<li>The futures market with >90% probability does not exclude the first rate hike as early as the meeting on 16 March. Investors view this scenario against the backdrop of a rising key inflation gauge\u2014the personal consumption expenditures price index core\u2014to its highest since 1989.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"961\" height=\"461\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-312.png\" alt=\"Data: Investing.com\" class=\"wp-image-161051\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-312.png 961w, https:\/\/forklog.com\/wp-content\/uploads\/image2-312-300x144.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image2-312-768x368.png 768w\" sizes=\"auto, (max-width: 961px) 100vw, 961px\" \/><figcaption class=\"wp-element-caption\">Data: Investing.com<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>The prospect of faster tightening by the Fed limited appetite to buy digital assets. In December, Bitcoin\u2019s correction from ATH reached 40%.<\/li>\n<li>The cryptocurrency market also ignored the U.S. stock market reaching fresh records in the Santa Claus rally.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Market moods, correlations and volatility<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"540\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-2-1024x540.png\" alt=\"Bitcoin Fear and Greed Index in 2021\" class=\"wp-image-161053\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-2-1024x540.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-2-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-2-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-2.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Fear and Greed index dynamics. Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">alternative.me<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"998\" height=\"207\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-tablitsa.png\" alt=\"Bitcoin Fear and Greed Index table\" class=\"wp-image-161054\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-tablitsa.png 998w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-tablitsa-300x62.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-tablitsa-768x159.png 768w\" sizes=\"auto, (max-width: 998px) 100vw, 998px\" \/><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Despite Bitcoin\u2019s explosive price rise in 2021, the Fear and Greed Index moved in line with a prior pattern.<\/li>\n<li>In January\u2013February, market sentiment was bullish. Yet, after the spring, following <a href=\"https:\/\/forklog.com\/en\/news\/tesla-halts-bitcoin-car-sales-and-roils-the-market\">quotations<\/a>, the indicator hit its annual low (10), signaling investor fear.<\/li>\n<li>A similar pattern occurred during autumn and winter corrections. In September the gauge dropped to 20, and in November\u2013December to 21.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1204\" height=\"446\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Pokazateli-korrelyatsii-aktivov-za-2021-god.png\" alt=\"2021 in Figures: Bitcoin Records, NFT\/GameFi Boom, and Ethereum L2s\" class=\"wp-image-161056\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Pokazateli-korrelyatsii-aktivov-za-2021-god.png 1204w, https:\/\/forklog.com\/wp-content\/uploads\/Pokazateli-korrelyatsii-aktivov-za-2021-god-300x111.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Pokazateli-korrelyatsii-aktivov-za-2021-god-1024x379.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Pokazateli-korrelyatsii-aktivov-za-2021-god-768x284.png 768w\" sizes=\"auto, (max-width: 1204px) 100vw, 1204px\" \/><figcaption class=\"wp-element-caption\">Asset correlation indicators for 2021. Data: <a href=\"https:\/\/www.blockchaincenter.net\/cryptocurrency-correlation-study\/?timeframe=90days&#038;asset1=SP500&#038;asset2=BTC#correlationtable\">BlockchainCenter<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Bitcoin correlated with gold over the year, but the correlation was weak (0.07).<\/li>\n<li>Movements in Bitcoin price, S&#038;P 500 and Dow Jones were one\u2011way. The correlation with the first indicator was stronger (0.22 vs 0.19). The reason lies in high investor appetite for risk.<\/li>\n<li>Despite the appearance of cryptocurrency ETFs in the US, Bitcoin\u2019s correlation with stocks waned over the 12 months. In January 2021 it stood at 0.3 with the Dow and 0.32 with the S&#038;P 500.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"484\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-1-1024x484.png\" alt=\"Bitcoin historical volatility index in 2021\" class=\"wp-image-161058\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-1-1024x484.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-1-300x142.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-1-768x363.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoy-volatilnosti-bitkoina-1.png 1188w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamic of Bitcoin price historical volatility index. Data: <a href=\"https:\/\/satochi.co\/\">satochi.co<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"504\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-1-1024x504.png\" alt=\"Bitcoin Sharpe ratio dynamics vs other assets\" class=\"wp-image-161059\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-1-1024x504.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-1-300x148.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-1-768x378.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-1.png 1226w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin Sharpe ratio dynamics vs other assets. Data: <a href=\"https:\/\/portfolioslab.com\/tools\/sharpe-ratio\">Portfolios Labs<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin\u2019s average historical volatility index in 2021 stood at 4.12%, down from 5.17% the year before. Lower volatility signals market maturation.<\/li>\n<li>The Sharpe ratio (risk-adjusted return using U.S. 2-year treasuries as the risk-free asset) suggests relatively high risk taking in Bitcoin investments. In November gold exceeded Bitcoin\u2019s metric. The stock market lagged the crypto last year, but Bitcoin\u2019s high returns offset the risk.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1113\" height=\"249\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-populyarnosti-zaprosa-bitcoin.png\" alt=\"Bitcoin search interest dynamics\" class=\"wp-image-161061\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-populyarnosti-zaprosa-bitcoin.png 1113w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-populyarnosti-zaprosa-bitcoin-300x67.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-populyarnosti-zaprosa-bitcoin-1024x229.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-populyarnosti-zaprosa-bitcoin-768x172.png 768w\" sizes=\"auto, (max-width: 1113px) 100vw, 1113px\" \/><figcaption class=\"wp-element-caption\">Google Trends: Bitcoin search interest. Data: <a href=\"https:\/\/trends.google.com\/trends\/explore?date=2021-01-01%202021-12-31&#038;q=bitcoin\">Google Trends<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Until <a href=\"https:\/\/forklog.com\/en\/news\/may-2021-in-figures-bitcoin-crash-dogecoin-clone-attack-and-polygons-explosive-growth\">the May market collapse<\/a>, user interest in Bitcoin stayed elevated, peaking after the price drop.<\/li>\n<li>Thereafter, interest faded. A similar pattern preceded the 2018 crypto winter, suggesting a potential bear market signal.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">On-chain data<\/h2>\n<h3 class=\"wp-block-heading\">Bitcoin<\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1Y-HODL-Wave-1024x595.png\" alt=\"Bitcoin on-chain data\" class=\"wp-image-161063\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1Y-HODL-Wave-1024x595.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1Y-HODL-Wave-300x174.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1Y-HODL-Wave-768x446.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1Y-HODL-Wave.png 1116w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The 1Y+HODL Wave indicator. Data: <a href=\"https:\/\/www.lookintobitcoin.com\/charts\/1-year-hodl-wave\/\">LookIntoBitcoin<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"532\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/MVRV-5-1024x532.png\" alt=\"MVRV Z-Score dynamics\" class=\"wp-image-161065\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/MVRV-5-1024x532.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/MVRV-5-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/MVRV-5-768x399.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/MVRV-5.png 1117w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamism of the MVRV Z-Score. Data: <a href=\"https:\/\/www.lookintobitcoin.com\/charts\/mvrv-zscore\/\">LookIntoBitcoin<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Despite volatility and new peaks, the MVRV Z-Score did not signal overbought or oversold Bitcoin. In 2017\u20132018 the indicator warned that profit-taking was sensible, and in March 2020 it signalled a favourable buying window. Given the distance between the current values and the green zone, a protracted correction is plausible; cautious investors may wait or use dollar-cost averaging (DCA). A strategy could be to accumulate during deep pullbacks.<\/li>\n<li>Considering the distance to the green zone, a prolonged correction is likely. Investors should be patient or buy methodically according to the DCA strategy.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"931\" height=\"509\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/CHislo-ubytochnyh-UTXO-bitkoina.-Dannye-Glassnode.png\" alt=\"Number of 'unspent' Bitcoin UTXOs\" class=\"wp-image-161066\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/CHislo-ubytochnyh-UTXO-bitkoina.-Dannye-Glassnode.png 931w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-ubytochnyh-UTXO-bitkoina.-Dannye-Glassnode-300x164.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-ubytochnyh-UTXO-bitkoina.-Dannye-Glassnode-768x420.png 768w\" sizes=\"auto, (max-width: 931px) 100vw, 931px\" \/><figcaption class=\"wp-element-caption\">Number of Bitcoin &#8220;loss-making&#8221; UTXOs. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?%253Bm=indicators.Sopr&#038;%3B%253BmAvg=7&#038;%3B%253Bs=1423829821&#038;%3B%253Bzoom=1825&#038;%3Ba=BTC&#038;%3Bm=indicators.Sopr&#038;a=BTC&#038;category=&#038;ema=0&#038;m=blockchain.UtxoLossCount&#038;mAvg=0&#038;mMedian=0&#038;s=1609532437&#038;u=1641068437&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"590\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/LTH-vs-STH-supply-1024x590.jpg\" alt=\"Bitcoin supply dynamics among short- and long-term holders\" class=\"wp-image-161067\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/LTH-vs-STH-supply-1024x590.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/LTH-vs-STH-supply-300x173.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/LTH-vs-STH-supply-768x442.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/LTH-vs-STH-supply.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin supply dynamics among short- and long-term holders. Data: <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-52-2021\/\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Amid price corrections, the number of unspent Bitcoin outputs rose sharply, suggesting autumn buyers were purchasing near peaks. As price declined, unrealised losses increased.\n<\/li>\n<li>In 2021, long\u2011term investor Bitcoin reserves rose by 1.846 million BTC (+16%), reaching 13.33 million BTC. The short\u2011term investor metric declined by 32% to 3.01 million BTC for the year.<\/li>\n<li>Large players tend to accumulate and hold crypto assets for longer, buying on deep pullbacks. Their purchases may restrain future declines, while speculators tend to sell on dips.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1012\" height=\"602\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-balansov-tsentralizovannyh-birzh-BTC.-Dannye-Glassnode-Yahoo-Finance..png\" alt=\"Bitcoin balance dynamics on centralised exchanges\" class=\"wp-image-161069\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/dinamika-balansov-tsentralizovannyh-birzh-BTC.-Dannye-Glassnode-Yahoo-Finance..png 1012w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-balansov-tsentralizovannyh-birzh-BTC.-Dannye-Glassnode-Yahoo-Finance.-300x178.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/dinamika-balansov-tsentralizovannyh-birzh-BTC.-Dannye-Glassnode-Yahoo-Finance.-768x457.png 768w\" sizes=\"auto, (max-width: 1012px) 100vw, 1012px\" \/><figcaption class=\"wp-element-caption\">Bitcoin balance dynamics on centralised exchanges, BTC. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;m=distribution.BalanceExchanges&#038;s=1609088836&#038;u=1641168000&#038;zoom=\">Glassnode<\/a>, <a href=\"https:\/\/finance.yahoo.com\/quote\/BTC-USD\/history?period1=1609459200&#038;period2=1641168000&#038;interval=1d&#038;filter=history&#038;frequency=1d&#038;includeAdjustedClose=true\">Yahoo Finance<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Due to price correction at year-end, outflow of Bitcoin from centralized exchanges (CEX) reversed to inflows during the year end. Overall, BTC supply on CEX declined only 1.08% in 2021.<\/li>\n<li>Exchange inflows indicate deteriorating sentiment among short-term investors and a desire to hedge risk.<\/li>\n<\/ul>\n<\/div>\n<h3 class=\"wp-block-heading\">Ethereum<\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"518\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-1-1024x518.png\" alt=\"Ethereum on-chain data\" class=\"wp-image-161071\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-1-1024x518.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-1-300x152.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-1-768x388.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-1.png 1365w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily ETH burn rate. Data: <a href=\"https:\/\/etherscan.io\/chart\/dailyethburnt\">Etherscan<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"510\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-1-1024x510.png\" alt=\"Ethereum balances on centralized exchanges and ETH supply in smart contracts\" class=\"wp-image-161072\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-1-1024x510.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-1-300x149.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-1-768x383.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-1.png 1461w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Ethereum balances on centralized exchanges and ETH supply in smart contracts. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=distribution.BalanceExchanges&#038;s=1633167919&#038;u=1635759919&#038;zoom=30\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Since the activation of <a href=\"https:\/\/forklog.com\/en\/news\/ethereums-london-hard-fork-goes-live\">EIP-1559<\/a> in August 2021, the Ethereum network has burned <a href=\"https:\/\/ultrasound.money\/\">over 1.386 million ETH<\/a> (~$5.27B at the time of writing). As price declined, the burning pace slowed. In December, the rate barely reached 242,000 ETH. By comparison, in November it was 362,000 ETH.<\/li>\n<li>The most burnt supply occurred in NFT-market OpenSea operations (149,140 ETH).<\/li>\n<li>In the second half of 2021 there was a steady trend of outflows from centralised exchanges, which was reversed in early December. In 2020 similar dynamics occurred during a price rise.<\/li>\n<li>Share of ETH locked in DeFi smart contracts rose during the year; 1 January 2021 share was 16.25%, by January 2022 it reached 26.93%.<\/li>\n<li>In 2021 Ethereum ecosystem led by number of active developers (over 4,000). Yet projects like Solana and Polkadot grew faster.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"592\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-kontrakte-Ethereum-2.0-i-chisla-validatorov-1024x592.png\" alt=\"Deposit contract ETH2.0 validators\" class=\"wp-image-161074\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-kontrakte-Ethereum-2.0-i-chisla-validatorov-1024x592.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-kontrakte-Ethereum-2.0-i-chisla-validatorov-1024x592.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-kontrakte-Ethereum-2.0-i-chisla-validatorov-300x173.png 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of ETH on the deposit contract for Ethereum 2.0; validators. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=eth2.StakingTotalVolumeSum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"634\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1024x634.png\" alt=\"Number of Ethereum 2.0 addresses with balance \u226532 ETH\" class=\"wp-image-161075\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1024x634.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-300x186.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-768x475.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of Ethereum addresses with balance \u226532 ETH. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=addresses.Min32Count\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>During 2021, the number of validators on the Beacon Chain rose by 305%, to 276,450.<\/li>\n<li>The quantity of ETH on the Ethereum 2.0 deposit contract continued to grow. By January 2022 the balance stood at 8,852,770 ETH \u2014 growth of over 300%.<\/li>\n<li>The number of addresses with balance \u226532 ETH declined since the start of 2021, but in July the trend shifted again. Likely tied to rising prices. By December, amid a market downturn, the trend was broken again.<\/li>\n<li>Over 12 months, such addresses fell by 16%. As of 1 January 2022 the figure was 108,027 (1 January 2021: 125,725).<\/li>\n<\/ul>\n<\/div>\n<h3 class=\"wp-block-heading\">Lightning Network<\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1024x563.png\" alt=\"Lightning Network capacity\" class=\"wp-image-161078\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1024x563.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1024x563.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-300x165.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-768x423.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network.png 1343w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Number of nodes and channels in the Lightning Network. Data: <a href=\"https:\/\/studio.glassnode.com\/dashboards\/lightning-network\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-2-1024x550.png\" alt=\"Lightning Network capacity dynamics\" class=\"wp-image-161079\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-2-1024x550.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-2-300x161.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-2-768x413.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-2.png 1316w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Lightning Network capacity dynamics. Data: <a href=\"https:\/\/bitcoinvisuals.com\/ln-capacity\">Bitcoin Visuals<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In 2021 the Lightning Network capacity grew by 213%, to 3,318 BTC, aided by El Salvador\u2019s digital gold legalization and Twitter tipping via LN.<\/li>\n<li>In July, Nayib Bukele announced plans to legalise Bitcoin. Since then LN capacity more than doubled.<\/li>\n<li>The number of nodes and channels also rose\u2014by 128% and 123% respectively over the year.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Mining, hash rate, fees<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-10-1024x471.png\" alt=\"Bitcoin hash rate dynamics\" class=\"wp-image-161081\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-10-1024x471.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-10-300x138.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-10-768x353.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-10.png 1301w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin hash rate dynamics since the start of the year, EH\/s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;ema=0&#038;m=mining.HashRateMean&#038;mAvg=7&#038;mMedian=0&#038;s=1609705350&#038;u=1641241350&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"377\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.01.2022..png\" alt=\"Major mining pools by Bitcoin mining\" class=\"wp-image-161082\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.01.2022..png 618w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.01.2022.-300x183.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><figcaption class=\"wp-element-caption\">Largest Bitcoin mining pools. Data: <a href=\"https:\/\/btc.com\/stats\/pool?pool_mode=month\">BTC.com<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Over the year the 7\u2011day smoothed hash rate rose by 15.5%.<\/li>\n<li>The total compute power of the network hit a record high in early December, rebounding after the Chinese miners&#8217; migration.<\/li>\n<li>Among the largest mining pools, F2Pool leads, followed by AntPool, Poolin, ViaBTC, Binance Pool and BTC.com.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"552\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Slozhnost-majninga-bitkoina.-Dannye-Coin-Metrics.png\" alt=\"Bitcoin mining difficulty\" class=\"wp-image-161084\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Slozhnost-majninga-bitkoina.-Dannye-Coin-Metrics.png 1000w, https:\/\/forklog.com\/wp-content\/uploads\/Slozhnost-majninga-bitkoina.-Dannye-Coin-Metrics-300x166.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Slozhnost-majninga-bitkoina.-Dannye-Coin-Metrics-768x424.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Bitcoin mining difficulty. Data: <a href=\"https:\/\/charts.coinmetrics.io\/network-data\/\">Coin Metrics<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"533\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-8-1024x533.png\" alt=\"Ethereum hash rate dynamics\" class=\"wp-image-161085\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-8-1024x533.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-8-300x156.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-8-768x400.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-heshrejta-Ethereum-h-s.-Dannye-Glassnode.-8.png 1043w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Ethereum hash rate, h\/s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=mining.HashRateMean&#038;s=1609870264&#038;u=1641406264&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Hash rate for Bitcoin rose 30.5% in 2021, driven by investments in mining capacity and more efficient hardware; this helped correlate hash rate growth with price movements.<\/li>\n<li>Hash rate for Ethereum rose by about 210% over the year, with a steady rise for most of the year (except May\u2013June market correction).<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"992\" height=\"581\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-5.png\" alt=\"Average BTC\/ETH transaction fees in 2021\" class=\"wp-image-161087\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-5.png 992w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-5-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-5-768x450.png 768w\" sizes=\"auto, (max-width: 992px) 100vw, 992px\" \/><figcaption class=\"wp-element-caption\">Average BTC\/ETH transaction fees. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=fees.VolumeMean&#038;s=1609873629&#038;u=1641409629&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>In April, average BTC transaction fees peaked above $60; subsequently, fees declined and stabilised below $4 by July. For the year, fees fell 83.5%.<\/li>\n<li>In May, during DeFi\u2019s boom and NFT popularity, Ethereum fees crossed $70 but dropped sharply with the market correction. In H2, average ETH fees rarely fell below $20; the annual change was +23.7%.<\/li>\n<li>The London hard fork EIP-1559 reduced price volatility somewhat and lowered inflation. However, Ethereum\u2019s scaling challenge remains. In 2022, layer\u20112 solutions are expected to develop further, with competition from Binance Smart Chain, Polygon, Fantom and Avalanche intensifying.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"981\" height=\"474\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-7.png\" alt=\"Bitcoin miners\u2019 revenues by month\" class=\"wp-image-161089\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-7.png 981w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-7-300x145.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-7-768x371.png 768w\" sizes=\"auto, (max-width: 981px) 100vw, 981px\" \/><figcaption class=\"wp-element-caption\">Bitcoin miners\u2019 revenues by month, $m. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1609924644&#038;u=1641460644&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"440\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-5.png\" alt=\"Ethereum miners\u2019 revenues by month\" class=\"wp-image-161090\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-5.png 770w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-5-300x171.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-5-768x439.png 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><figcaption class=\"wp-element-caption\">Ethereum miners\u2019 revenues by month, $m. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1609924735&#038;u=1641460735&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Total Ethereum miners\u2019 revenue for 2021 was $23.4 billion, 40% higher than Bitcoin miners\u2019 revenue. In February and November, miner fees exceeded ETH block rewards. Additionally, Ethereum miners earned $730 million in Miner Extractable Value (MEV) in 2021.<\/li>\n<li>Monthly peak mining revenue for Ethereum came in November at $3.59 billion; December\u2019s figure was $2.83 billion.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Trading volumes<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/obem-2-1024x577.png\" alt=\"Trading volumes on leading spot exchanges in 2021\" class=\"wp-image-161093\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/obem-2-1024x577.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/obem-2-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/obem-2-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/obem-2-1536x865.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/obem-2.png 1671w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trading volumes on leading spot exchanges in 2021, in $ billions. Data: <a href=\"https:\/\/www.cryptocompare.com\/coins\/btc\/charts\/USDT?p=1M\">CryptoCompare<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Trading volumes on leading crypto exchanges in 2021 exceeded $17.7 trillion.<\/li>\n<li>The Asian platforms led \u2014 about $9.8 trillion on Binance, and a further $2.1 trillion on OKEx and Huobi. Coinbase\u2019s turnover was $1.4 trillion, FTX over $650 billion.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Futures and options<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11-1024x571.png\" alt=\"Bitcoin and Ethereum futures volumes in 2021\" class=\"wp-image-161096\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11-1024x571.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11-300x167.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11-768x428.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11-1536x856.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/fyuchersy-11.png 1719w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin and Ethereum futures trading volume in 2021, trn $s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=derivatives.FuturesVolumeDailySum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/OI-fyuchersy-1-1024x364.png\" alt=\"Open interest in Bitcoin futures\" class=\"wp-image-161097\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/OI-fyuchersy-1-1024x364.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/OI-fyuchersy-1-300x107.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/OI-fyuchersy-1-768x273.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/OI-fyuchersy-1.png 1294w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Open interest in Bitcoin futures, $ billions. Data: <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">Coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"328\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/likvidatsii-fyuchersov.png\" alt=\"Futures liquidity\" class=\"wp-image-161098\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/likvidatsii-fyuchersov.png 745w, https:\/\/forklog.com\/wp-content\/uploads\/likvidatsii-fyuchersov-300x132.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><figcaption class=\"wp-element-caption\">Daily futures liquidity, $s. Data: <a href=\"https:\/\/coinalyze.net\/futures-data\/global-charts\/\">Coinalyze<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Annual futures trading volume on Bitcoin and Ethereum reached $22 trillion and $10 trillion respectively.<\/li>\n<li>In the peak May period, volumes topped $2.4 trillion for Bitcoin contracts and $1.6 trillion for Ethereum futures.<\/li>\n<li>Open interest closely tracked price throughout the year; high leverage triggered cascading liquidations. One such event caused about $8 billion in daily losses on 18 April.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11-1024x573.png\" alt=\"Trading options volumes on Bitcoin and Ethereum in 2021\" class=\"wp-image-161100\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11-1024x573.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11-768x430.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11-1536x860.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/optsiony-11.png 1726w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin and Ethereum options trading volumes in 2021, $ billions. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=derivatives.OptionsVolumeDailySum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"355\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/OI-optsiony-1-1024x355.png\" alt=\"Open interest in Bitcoin options\" class=\"wp-image-161101\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/OI-optsiony-1-1024x355.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/OI-optsiony-1-300x104.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/OI-optsiony-1-768x266.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/OI-optsiony-1.png 1320w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Open interest in Bitcoin options, $ billions. Data: <a href=\"https:\/\/www.coinglass.com\/options\">Coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Annual volume of Bitcoin options trading exceeded $290 billion, Ethereum around $100 billion.<\/li>\n<li>Option volumes continue to rise; total open positions surpassed $15 billion for the first time in October.<\/li>\n<li>Year ended with a massive expiry of $6 billion. After that OI returned to its starting level for 2021.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">DeFi<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"516\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-4-1024x516.png\" alt=\"DeFi assets value locked dynamics\" class=\"wp-image-161103\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-4-1024x516.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-4-300x151.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-4-768x387.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-4.png 1260w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Cost of funds locked in DeFi sector. Data: <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"879\" height=\"436\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv.png\" alt=\"Top ecosystems by value of locked funds\" class=\"wp-image-161104\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv.png 879w, https:\/\/forklog.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv-300x149.png 300w\" sizes=\"auto, (max-width: 879px) 100vw, 879px\" \/><figcaption class=\"wp-element-caption\">Top ecosystems by locked funds, in $ billions. Data: <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In 2021, total value locked (TVL) in DeFi rose by 1,210%\u2014from $18.71 billion to $245.22 billion. Ethereum remains dominant, with its TVL up 750% year\u2011on\u2011year to $155.54 billion.<\/li>\n<li>Binance Smart Chain (BSC), Terra and Avalanche gained significant market share from Ethereum. Ethereum\u2019s dominance fell from 99% to 62%.<\/li>\n<li>Terra overtook BSC in TVL by year-end. Its 2021 growth was 36,000%, driven by the popularity of the algorithmic stablecoin UST, backed by Terra\u2019s native token LUNA. The project\u2019s team also drew investments from Galaxy Digital and Coinbase.<\/li>\n<li>In late 2021, Tron TVL declined after Justin Sun\u2019s departure; however, there was a large inflow in November. By year-end, Tron\u2019s TVL had fallen 15% to $5.21 billion.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1016\" height=\"499\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/top-20-DeFi-tokenov.png\" alt=\"Top 20 DeFi tokens by market cap\" class=\"wp-image-161106\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/top-20-DeFi-tokenov.png 1016w, https:\/\/forklog.com\/wp-content\/uploads\/top-20-DeFi-tokenov-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/top-20-DeFi-tokenov-768x377.png 768w\" sizes=\"auto, (max-width: 1016px) 100vw, 1016px\" \/><figcaption class=\"wp-element-caption\">Top-20 DeFi tokens by market cap. Data: <a href=\"https:\/\/messari.io\/screener\/defi-assets-(copy)-563C5306\">Messari<\/a> (as of 01.01.2022).<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"921\" height=\"574\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-3.png\" alt=\"Top 5 Ethereum-based DeFi projects by TVL\" class=\"wp-image-161107\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-3.png 921w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-3-300x187.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-3-768x479.png 768w\" sizes=\"auto, (max-width: 921px) 100vw, 921px\" \/><figcaption class=\"wp-element-caption\">Top-5 Ethereum DeFi projects by TVL (USD billions). Data: <a href=\"https:\/\/defillama.com\/protocols\">DeFi Llama<\/a> as of 01.01.2022.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Among DeFi tokens, the best performer was CAKE (PancakeSwap) with a 12-month gain of 1706%, reaching $12.03 with market cap around $3.03 billion. The site claims 2.8 million users performed 31 million trades in the last month.<\/li>\n<li>The native Loopring token (LRC) rose 1077%. By year\u2011end LRC traded around $2.08 with a market cap above $2.75 billion.<\/li>\n<li>Loopring enables gasless transfers\u2014this is a key reason for its popularity; November daily trading volume exceeded $3 billion.<\/li>\n<li>In TVL terms, Curve Finance led Ethereum with $23.6 billion, up more than 1,300% for the year.<\/li>\n<li>Year 2021 saw Lido\u2019s TVL for liquid staking grow nearly 1,000x\u2014from $12.5 million to $12.41 billion. In January, the project airdropped LDO tokens to users. In the Spring, Paradigm and 10% of the token supply were bought out by the hedge fund and its partners.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"619\" height=\"396\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-5.png\" alt=\"TVL by DeFi sectors in Ethereum ecosystem\" class=\"wp-image-161110\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-5.png 619w, https:\/\/forklog.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-5-300x192.png 300w\" sizes=\"auto, (max-width: 619px) 100vw, 619px\" \/><figcaption class=\"wp-element-caption\">TVL by DeFi sectors on Ethereum. Data: <a href=\"https:\/\/defipulse.com\/\">DeFi Pulse<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"873\" height=\"428\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-3.png\" alt=\"Market cap of popular Bitcoin tokens on Ethereum\" class=\"wp-image-161111\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-3.png 873w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-3-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-3-768x377.png 768w\" sizes=\"auto, (max-width: 873px) 100vw, 873px\" \/><figcaption class=\"wp-element-caption\">Market capitalisation of popular Bitcoin representations on Ethereum, USD billions. Data: <a href=\"https:\/\/defipulse.com\/btc\">DeFi Pulse<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In Ethereum\u2019s ecosystem, lending projects dominate; they account for 44% of total TVL, rising 138% to $41.19 billion.<\/li>\n<li>Despite high transaction fees, the TVL of the DEX segment rose 260% year\u2011over\u2011year to almost $31 billion; asset-management TVL rose 720% to $17.14 billion.<\/li>\n<li>Ethburn TVL (on Bitcoin on Ethereum) reached $15.72 billion; WBTC dominates with $14.51 billion (dominance index over 78%).<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"660\" height=\"415\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-1.png\" alt=\"TVL for L2 protocols on Ethereum\" class=\"wp-image-161113\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-1.png 660w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-1-300x189.png 300w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><figcaption class=\"wp-element-caption\">TVL for L2 protocols on Ethereum. Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-2.png\" alt=\"Top L2 protocols by TVL\" class=\"wp-image-161114\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-2.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Krupnejshie-po-TVL-L2-resheniya-2-300x188.png 300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">TVL for L2 protocols on Ethereum. Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In 2021, TVL for L2 solutions surged by 11,400%, to $5.55 billion (early 2021: $48.21 million).<\/li>\n<li>Arbitrum led with a year-end TVL of $2.74 billion, a strong position reinforced by multiple integrations, including Binance\u2019s November 2021 support for Arbitrum One.<\/li>\n<li>Boba Network, launched in August, captured about 10% of the market by year-end. At its peak in November, TVL reached $1.39 billion, before settling to $0.48 billion by January.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"597\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-1-1024x597.png\" alt=\"Daily transaction count in Polygon, Ethereum, BSC and Avalanche\" class=\"wp-image-161114\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-1-1024x597.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-1-300x175.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-1-768x448.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily transaction count in the Polygon, Ethereum, Binance Smart Chain and Avalanche ecosystems. Data: <a href=\"https:\/\/polygonscan.com\/chart\/tx\">PolygonScan<\/a>, <a href=\"https:\/\/etherscan.io\/chart\/tx\">Etherscan<\/a>, <a href=\"https:\/\/bscscan.com\/chart\/tx\">BscScan<\/a>, <a href=\"https:\/\/snowtrace.io\/chart\/tx\">SnowTrace<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>The BSC ecosystem dominated daily transaction counts for most of the year. On 1 January 2021 the figure stood at 5,866,321\u2014about 1500% higher than a year earlier. The average daily transactions in the network for 2021 stood at 3,109,026.<\/li>\n<li>Second in daily transactions was Polygon, with an average of 2,038,510 operations.<\/li>\n<li>Ethereum trailed the others, highlighting scalability issues and high on-chain fees.<\/li>\n<li>Avalanche rose to 515,547 transactions per day in 2021. Its annual average stood at 258,752.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">DEXs and L2<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"540\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/DEX-16-1024x540.png\" alt=\"DeFi Dex trading volumes\" class=\"wp-image-161116\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/DEX-16-1024x540.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-16-300x158.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-16-768x405.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-16-1536x810.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-16.png 1712w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trading volumes on Ethereum decentralised exchanges, $ billions. Data: <a href=\"https:\/\/duneanalytics.com\/hagaetc\/dex-metrics\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1004\" height=\"928\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/L2-3.png\" alt=\"TVL of Ethereum Layer-2 solutions\" class=\"wp-image-161117\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/L2-3.png 1004w, https:\/\/forklog.com\/wp-content\/uploads\/L2-3-300x277.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/L2-3-768x710.png 768w\" sizes=\"auto, (max-width: 1004px) 100vw, 1004px\" \/><figcaption class=\"wp-element-caption\">TVL of Layer-2 scaling solutions on Ethereum. Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Trading volume on Ethereum-based DEXes reached $1.06 trillion in 2021.<\/li>\n<li>Uniswap accounted for over 64% ($686 billion). SushiSwap\u2019s annual volume exceeded $156 billion, Curve $84 billion.<\/li>\n<li>2021 was the era of L2 solutions. The total TVL of such protocols surpassed $5.5 billion. Arbitrum led with $2.4 billion. dYdX and Loopring followed with roughly $1 billion and over $550 million respectively.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Stablecoins<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"579\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9-1024x579.png\" alt=\"Stablecoins market cap in 2021\" class=\"wp-image-161120\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9-1024x579.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9-300x170.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9-768x434.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9-1536x869.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/stejblkoiny-9.png 1625w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Stablecoins market capitalisation, $ billions. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=USDT&#038;category=&#038;m=market.MarketcapUsd\">Glassnode<\/a>, <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>By year-end, total stablecoins market cap exceeded $156 billion.<\/li>\n<li>2021 was a breakthrough year for USDC by Circle \u2014 its market cap rose from $4 billion to $42 billion.<\/li>\n<li>USDT from Tether remained the dominant stablecoin; its market cap grew from $21 billion to $78 billion over the year.<\/li>\n<li>UST from Terra gained popularity toward year-end.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">NFT and GameFi<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"905\" height=\"540\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_1-134.png\" alt=\"NFT sales across chains\" class=\"wp-image-161121\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_1-134.png 905w, https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_1-134-300x179.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Screenshot_1-134-768x458.png 768w\" sizes=\"auto, (max-width: 905px) 100vw, 905px\" \/><figcaption class=\"wp-element-caption\">NFT sales across blockchains. Data: <a href=\"https:\/\/cryptoslam.io\/\">Cryptoslam<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"437\" height=\"337\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/NFT-Marketplaces.png\" alt=\"Leading NFT marketplaces\" class=\"wp-image-161122\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/NFT-Marketplaces.png 437w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-Marketplaces-300x231.png 300w\" sizes=\"auto, (max-width: 437px) 100vw, 437px\" \/><figcaption class=\"wp-element-caption\">Leading NFT marketplaces. Data: <a href=\"https:\/\/dappradar.com\/nft\">Dappradar<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"793\" height=\"359\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/OpenSea-8.png\" alt=\"OpenSea NFT market activity\" class=\"wp-image-161123\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/OpenSea-8.png 793w, https:\/\/forklog.com\/wp-content\/uploads\/OpenSea-8-300x136.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/OpenSea-8-768x348.png 768w\" sizes=\"auto, (max-width: 793px) 100vw, 793px\" \/><figcaption class=\"wp-element-caption\">NFT marketplace OpenSea trading volume, $ billions. Data: <a href=\"https:\/\/dune.xyz\/rchen8\/opensea\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>NFTs became a defining trend in 2021. OpenSea, founded in 2017, reached unicorn status with a valuation above $13 billion in the latest round of funding ($300 million).<\/li>\n<li>OpenSea\u2019s share of total NFT trading volume surpassed 90% (over $14.6 billion).<\/li>\n<li>The vast majority of popular NFT collections operate on Ethereum; Ronin (used by Axie Infinity) and Solana complete the top three protocols.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"877\" height=\"506\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Kollektsii.png\" alt=\"Top NFT collections by trading volume\" class=\"wp-image-161125\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Kollektsii.png 877w, https:\/\/forklog.com\/wp-content\/uploads\/Kollektsii-300x173.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Kollektsii-768x443.png 768w\" sizes=\"auto, (max-width: 877px) 100vw, 877px\" \/><figcaption class=\"wp-element-caption\">Leading collections by trading volume. Data: <a href=\"https:\/\/cryptoslam.io\/\">Cryptoslam<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/NFT-tranzaktsii-1024x603.jpg\" alt=\"NFT market transactions\" class=\"wp-image-161126\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/NFT-tranzaktsii-1024x603.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-tranzaktsii-300x177.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-tranzaktsii-768x452.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/NFT-tranzaktsii.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">NFT marketplace OpenSea sales volume, $ billions. Data: <a href=\"https:\/\/dune.xyz\/rchen8\/opensea\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>NFTs were among the defining trends of 2021. The OpenSea marketplace, founded in 2017, became a unicorn and was valued at over $13 billion in a funding round of $300 million.<\/li>\n<li>OpenSea\u2019s share of total NFT trading volume exceeded 90% (over $14.6 billion).<\/li>\n<li>Most popular NFT collections primarily run on Ethereum; Ronin (used by Axie Infinity) and Solana round out the top three.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/Highlights_2021-min.png);\"><strong>Key events and trends<\/strong><\/div>\n<p>2021 was remembered for new challenges for the crypto industry and bright happenings. The top projects included Solana, Terra and Avalanche; El Salvador legalised Bitcoin as a legal tender, and China intensified its crackdown on mining.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/Mining_2021-min.png);\"><strong>How the mining sector has changed<\/strong><\/div>\n<p>China\u2019s mining ban reshaped the landscape: the US attracted record capacity, while Kazakhstan and Russia rose to second and third places by share of Bitcoin network hash rate, amid a global semiconductor shortage for mining hardware.\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/Global_regulation_2021-min.png);\"><strong>M\ufeffacro regulation by country<\/strong><\/div>\n<p>The year saw shifts in regulation; several countries accelerated CBDC development. A global and local overview was provided.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/CIS_regulation_2021-min.png);\"><strong>Regulation in the post-Soviet space by country<\/strong><\/div>\n<p>Russian authorities considered regulating and taxing crypto mining; Ukraine advanced a draft on virtual assets; Kazakhstan faced electricity shortages after a surge of miners from China.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/DeFi_Chronicle_2021-min-1.png);\"><strong>How DeFi changed in 2021<\/strong><\/div>\n<p>We dissected trends and innovations in DeFi: fixed-income protocols, algorithmic stablecoins, liquidity-manager strategies, decentralised indices, and DeFi 2.0 concepts.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/NFT_chronicles-min.png);\"><strong>How NFT changed in 2021<\/strong><\/div>\n<p>NFTs and GameFi marked 2021\u2019s breakout year. Pixel art and video collectibles were produced by everyone\u2014from ordinary users to celebrities.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/DeFi_Chronicle_2021-min-1.png);\"><strong>How DeFi changed in 2021<\/strong><\/div>\n<p>We analysed DeFi trends and innovations: fixed-yield protocols, algorithmic stablecoins, concentrated-liquidity managers, decentralised indices, and DeFi 2.0 concepts.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/NFT_chronicles-min.png);\"><strong>How NFT changed in 2021<\/strong><\/div>\n<p>NFTs and GameFi defined 2021. Pixel art and videos were minted by everyone\u2014from hobbyists to celebrities.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/DeFi_Chronicle_2021-min-1.png);\"><strong><a href=\"https:\/\/forklog.com\/en\/news\/defi-chronicles-2021-prospects-for-the-financial-lego\">How DeFi changed in 2021<\/a><\/strong><\/div>\n<p>We analysed trends and innovations in DeFi: fixed-yield protocols, algorithmic stablecoins, liquidity managers, decentralised indices and the DeFi 2.0 concept.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/forklog.com\/wp-content\/uploads\/NFT_chronicles-min.png);\"><strong><a href=\"https:\/\/forklog.com\/en\/news\/nft-fever-chronicles-how-pixel-art-and-gifs-went-mainstream\">How NFT changed in 2021<\/a><\/strong><\/div>\n<p>NFTs and GameFi entered the history of 2021. Pixel art and videos were produced by everyone\u2014from ordinary users to celebrities.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 2021 results are in, but it is time to take a closer look at the numbers: ForkLog presents its annual report on the key changes across the industry. <\/p>\n","protected":false},"author":1,"featured_media":55654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"4","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1740],"class_list":["post-55653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-industry-in-numbers"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"4","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=55653"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55653\/revisions"}],"predecessor-version":[{"id":55655,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/55653\/revisions\/55655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/55654"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=55653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=55653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=55653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}