2022 Outlook: Market Dynamics and Evolving Trends Q2

Report Summary

CryptoCompare's Outlook Report reflects on the major events that have occurred throughout Q1 of 2022, including an analysis on the broader performance of crypto-assets, as well as our views on the trends we anticipate in important subsets of crypto including stablecoins, DeFi, NFTs, and more.

Key Takeaways:

  • While BTC and ETH ended the quarter down, the Invasion of Ukraine on the 24th of February was an inflection point for major assets, with LUNA, ETH, and BTC each returning 57.9%, 26.4%, and 18.7% respectively in the five weeks following the invasion. 
  • The DeFi landscape has shifted in the most recent quarter following an impressive surge in activity for DeFi protocols during 2021. Ethereum has maintained dominance (now at 55.6%), despite stagnant growth with a current TVL of $150bn (down 20.8% from the end of 2021,Q4).
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