Will 2022 be the year of DeFi and DAO? Huobi_Research projects a big year for both, but it is much less bullish on Bitcoin.
2021 was a watershed year for crypto, with industry growth reaching new heights. DeFi, nonfungible tokens,, blockchain usage and other factions all had big years. Blockchain technology has also been brought to the forefront via Web3 and the metaverse.
In 2013, the Fed took a similar step, which was followed by a two-year bear market. While the market has changed dramatically and there is far more liquidity and BTC holders, Huobi believes another such move could be on the cards. Despite the gloomy forecast for BTC, Huobi believes that the wider industry will see significant development in other sectors. DeFi is one of these, a market that rose from $19 billion in January 2021 to a high of $250 billion in total value locked at year’s end. We’ll witness DeFi 2.0 enter the scene in 2022, as per the Huobi report.
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