In this New Year’s special, DiarioBitcoin reviews some figures that speak of the growth recorded by the Bitcoin and cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. industry this 2021.
This 2021 has been a successful year for the cryptocurrency industry. Overall, the space saw large capital capital is most commonly defined as the large sum of money you would use to invest. flows that have allowed companies in the industry to consolidate and strengthen this year.
Trading volume in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets and other crypto investment products increased as investors, savers, miners and others in the space saw substantial gains. The rise of decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance (DeFi) and cryptocurrencies has tokens (NFT) also took a leap upwards, developments that in turn boosted the exchanges decentralized and drove further growth for the global stablecoins .
Next, let’s take a look at some figures and facts that highlight how 2021 has been a year full of unprecedented achievements and successes for the cryptocurrency sector worldwide.
Cryptocurrency market an area or arena, online or offline, in which commercial dealings are conducted. reached a capitalization of almost USD $3 trillion
In the midst of the price increases of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC), which this year conquered an all-time price high near USD $70,000, the digital currencies market also experienced records, seeing for the first time in history a total global capitalization of nearly $3 trillion. According to data from CoinMarketCap The crypto market peaked at USD $2.96 trillion on November 10, coinciding with the date of BTC’s record price mark.
Bitcoin miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. generated over USD $15 billion in revenues
The miners of Bitcoin benefited from the rise in cryptocurrency prices this year to record historic gains. According toThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. ResearchBTC miners earned more than $15 billion over the course of 2021, representing a year-over-year increase of 206%. According to that data, estimated mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. revenue peaked in March, when about USD$1.75 billion was raised, including USD$167 million in transaction fees.
Ether miners surpassed Bitcoin miners in terms of annual revenues
The miners of Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) outperformed those of the flagship cryptocurrency’s miners by more than USD $3 billion this 2021. According toThe Block Researchminers of the second-largest digital currency currency is a medium of exchange that defines value. recorded revenues of more than $18 billion over the course of the year. According to the data, the best month for miners was May, when they capitalized on profits of $2.4 billion, including transaction fees of more than $1 billion.
‘Hodlers’ added 1.846 million bitcoins a sus balances
Investors in Bitcoin long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. term, commonly referred to as ‘hodlers’ within the crypto space, added 1.846 million BTC to their holdings, bringing their total stack to 13.33M BTC, according to a report by Glassnode Insights . The figure represented an increase of 16% over 2021. At the same time, short-term investors decreased their holdings by 32%.
Number of addresses with ETH funds surpassed all-time highs
The number of addresses of Ethereum with deposited funds (in ETH) reached an all-time high this year. A informs of Glassnode published at the end of December revealed the existence of at least 71,364,788 ETH addresses whose balance is not at zero. The figure was a record, as it exceeded the number recorded at the end of 2020 by almost 20 million.
Exchanges saw more than USD $14 billion in trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours.
Cryptocurrency Exchanges (CEX) reported more than USD$14 trillion in transaction volume in 2021, according to The Block Research . The figure represents a massive increase of almost 700% compared to last year’s trading volumes, which were close refers to the closing price; similar to the same term used in stock trading. to USD $1.8 trillion.
According to the investigation, Binance holds the dominant position among centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. exchange platforms. The largest crypto-currency exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. The world’s largest exporters accounted for 67% of total volumes this year, or more than US$9.5 billion.
DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. recorded over $1 trillion in trading volume
Decentralised exchanges (DEX), on the other hand, recorded an even greater increase than their centralised counterparts, although their volumes are considerably lower in comparison.
According to data fromThe Block ResearchDEX reported more than USD$ 1 trillion in trading volumes by 2021, which represents an 858% increase compared to last year’s volumes. Among all decentralized exchanges, Uniswap web-based Ethereum dominates the market with a share of more than 70%.
DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. became a $250 billion+ marketplace
Decentralized finance (DeFi) surpassed $250 billion in total value locked up (TVL), a metric that measures the amount of funds pledged as collateral collateral is any asset that a lender accepts as a form of security to ensure that the borrower repays a loan. in the various protocols in the space. In December, DeFi set an all-time high by recording USD $261 billion in TVL, according to data from DeFiLlama . The figure represents a growth of 1,640% in the last year.
Supply of stablecoins increased by 388%.
The rise of DeFi platforms also benefited the stable coin market, which experienced a boom in 2021. The supply of stablecoins backed by U.S. dollars increased by 388%, according to data compiled byThe Block Research.
As such, the aggregate supply of dollar-linked stablecoins increased from USD $29 billion by the beginning of 2021 to USD $150 billion by the end of the year. This growth benefited a large number of stable currencies, including Tether (USDT) y USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. (USDC), which is administered by a consortium that includes Circle y a Coinbase is an American company that operates a cryptocurrency exchange platform. .
Bitcoin and Ether options trading volume grew 443%.
The combined trading volume of the Bitcoin yEther the form of payment used in the operation of the distribution application platform, Ethereum. increased by 443% in 2021, according toThe Block Research. Specifically, the combined volume for this type of BTC and ETH derivatives market instrument exceeded USD $387 billion this year. Last year, options on both currencies recorded a combined trading volume of more than $71 billion.
Bitcoin and Ether futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. trading volume surpassed USD $32 billion
The futures market for the two major cryptocurrencies also increased this year. The combined trading volume of BTC and ETH futures increased by more than USD$32 billion in 2021, according to The Block Research . That figure, based on data as of December 27, represents a 338% increase compared to 2020 trading volumes of more than USD $7 billion.
The growth in digital currency futures trading volume seen this year coincides with the approval of the first digital currency futures exchange-traded funds (ETFs). Bitcoin in the United States. The launch of the first ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. of its kind on the New York Stock Exchange. set a milestone in October of this year.
Institutional trustees collected more than $3 billion USD
Amid a growing trend of institutional adoption, cryptocurrency custody custody is a financial institution's legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss. firms that specialize in catering to institutional investors experienced a significant increase in terms of funding. According toThe Block ResearchIn 2020, these firms raised more than $3 billion this year, and the rate of investment was more than three times higher than in 2020.
Companies raised more than USD$25 billion in venture funds
En general, 2021 representó un año exitoso en términos de recaudación y acuerdos estratégicos para las empresas del sector. Los datos de The Block Research revealed that this year saw more than 1,700 venture capital deals focused on the crypto space, generating funding for startups, projects and protocols worth USD $25 billion.
Compared to 2020, the new figures represent a 126% year-over-year increase in the number of deals, as well as a 719% year-over-year increase in total funding for the digital currency industry.
Industry saw nearly 200 mergers and acquisitions
In the same line of thought,The Block Research found that M&A deals within the industry also skyrocketed this year, registering record volumes of approximately USD $6.1 billion. The sector saw more than 197 acquisitions throughout 2021, representing growth of nearly 130% compared to the previous year.
The phenomenon was driven by crypto-native, finance and technology companies. For example, credit card company Mastercard acquired the crypto research firmCipherTrace in September; and the popular brokerage app, Robinhood made its first acquisition of a company in the sector in December, when it purchased the platform a place to buy, sell and store cryptocurrency Cove Markets.
NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. trade surpassed $13 billion USD
The trading volume of the tokens Non-fungible (NFT) increased by nearly 43,000% this year over 2020, exceeding US$13 billion, according to data fromThe Block Research. The growth came amidst an explosion in the NFT market, a space that became trendy and saw brands such as Gucci, Adidas, Pepsi, Instagram among others, to explore the sector.
OpenSea positioned itself as the leading platform for collectibles trading with 88% of the total volume. Meanwhile, the two largest auction an auction is a public sale through a bidding process where an asset is sold to the highest bidder. houses, Christie’s ySotheby’s saw gains gains refer to an increase in value or profit. this year of USD $150 million and USD $100 million from the sale of NFT, respectively.
- Top 10 crypto highlights in 2021
- Top 10 trends shaping the crypto space in 2021
- Top 10 most influential people in the crypto world in 2021, according to CoinDesk
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash