What's Coming for 2022？ - An Analysis with Crypto Rand

Will you jump on the crypto train？

Q4 2021 volumes have gone up or down and how much？

With nearly a 300% rise in just 313 days for crypto as a whole. In the same period of time, Decentralised Finance “DeFi” assets rose to 200 Billion, which is an increase of 823% - assets excluding BTC and ETH surpassed the $1 Trillion mark in market cap.

At least 52% of financial institutions have already invested in cryptocurrencies. What's more, over 71% of institutional investors expect to buy or invest in digital assets in the future, and of those, 90% expect crypto assets in their portfolio by 2026. Crypto adoption worldwide grew 2,300% from the third quarter of 2019 to the end of the second quarter of 2021, with Turkey having the highest rate (20%).

Rise of the DEXs

While the number of active cryptocurrency exchanges has steadily decreased in the last year, decentralized exchanges (DEX) have grown massively.

The value on large decentralized exchanges like Uniswap, PancakeSwap, Curve, and SushiSwap grew 5X compared to the last year. But the overall number of active cryptocurrency exchanges has been on a steady decline, as smaller projects shut down.

On the other side, with the embracement of chains like Avalanch, Solana, or Polygon, dedicated DEXs like TraderJoe, Raydium or QuickSwap conquered the users during 2021.

Not only did the volume flourish on the DEXs last year but the number of the large decentralized exchanges have grown more than any other category since 2019, and the one that was still increasing in 2021 compared with other kinds. One of the main reasons for their success would be their minimal know your customer (KYC) requirements.

We expect not only to continue, but to grow even more during 2022. The 2021 momentum has been just a test for the industry. Big corporations and institutions have been onboarded during these last months. Next year will be the year we will see the true potential of decentralization. The ongoing restrictions on several countries are highlighting how needed decentralization is for freedom.