Crypto investment trends that will be defined in 2023: report
Crypto investment trends that will be defined in 2023: report
less than a month after the beginning of the new year, the market already shows sustainable signs of relaxation, and the "creative destruction" that was scheduled could ultimately be a great profit not only for the consumer, but also in relation to regulatory protection and quick innovation and reduced cost structures.
Despite the many ups and downs, crypto has developed into a serious player in the global economy. Investors still pour their portfolios into the investment class. According to the new report from OKX, the five most important trends in cryptoinvestment that will determine the coming year are.
Ethereum developer
Development in the Ethereum ecosystem increases steadily. The conclusion of the Proof of Work's merger to Proof of Stake led to a reduction in energy consumption by 99 %. In addition, several op layer 2 scale the network.
Thanksgearing would be another turning point for Ethereum by increasing TPS to over 100,000 after approaching the Shanghai upgrades. The design will essentially pave the way for a much cheaper and faster execution, which ensures that layer 2 networks can thrive.
onboarding innovation
In recent years, the Defi and Web3 area has experienced a flood of forays from financial enthusiasts. The Covid pandemic has spurred tens of millions of players and gamblers on the Gamefi and Play 2 Earn projects, and this trend seems to be reinforced.
Then brought large players such as Yuga Labs, Reddit and Starbucks traditional users with their NFT products. Several blockchain networks have also merged with large brands to win new users.
In the meantime, saving and calling up is the Achilles' heel of Web3 security. But Wallet developers now see great investments to improve the experience and user-friendliness.
Defi-revitalization
The strong debt pressure performed in the second half of 2022 triggered the collapse of several prominent crypto companies. The blocked total value (TVL) in Defi suffered a difficult blow and declined by over 76 %. The failures are expected to create the conditions for "larger innovations in the future". Therefore, the industry tries to develop decentralized stable coins that could be useful in the real world.
The NFT market also suffered a similar fate from the crypto winter. But beyond PFP-NFTS, which have no benefit beyond their social properties, the securitation in connection with Defi can bring credit, value and equity on the one hand. It is expected that this will trigger the explosion of NFT-FI in the future.
an industry further focus on infrastructure
For approval -free and decentralized infrastructure projects, larger bets could be placed this year. For example, the acceptance of MEV boost by validators has reached 90 % since 2021. With the sanctioning of Tornado Cash by OFAC, the flash bots-Mev-boost-relay validators are checked by the enforcement authority.
On the lighter side, the MEV landscape is faced with a big change. The fragmentation of liquidity by Layer 2, app chains and multi-chains could offer MEV enormous opportunities. The introduction of thanksgiving is expected to change the way flash bot normally extracts on Ethereum.
In addition, centralized data tools such as Dune and Glassnode have dominated the space for investments and on-chain data analyzes. But decentralized data tools will become a central focus for developers in the coming months.
Security in the chain
Space was witnessed to fraudless fraud, with hackers on the advance and without reparation.
Therefore, on-chain data, tracking tools and asset recovery tools will be a main focus for 2023, which focuses on web3 security governance, monitoring on-chain activities, web3 user behavior, the persecution of lost assets and protection against AML.
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