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HomeEthereumCrypto’s 69 most attention-grabbing charts from 2021 | by Coinbase

Crypto’s 69 most attention-grabbing charts from 2021 | by Coinbase

As most of us had been having fun with some R&R over Christmas break, Coinbase Cloud protocol specialist Elias Simos was scouring the online for probably the most attention-grabbing crypto charts of 2021: 69 of them to be precise.

Within the newest Round The Block podcast, we sit down with Elias and talk about a few of the most attention-grabbing information factors from the yr, and what all of it means for the long run. (Excessive degree takeaways beneath)

Metaverse and good contract property outperform

Value isn’t all the pieces, however the two high performing property in 2021 are indicative of broader developments all year long. 2021’s finest performing property had been:

  • Metaverse gaming tokens
  • Good contract platform tokens

The governance tokens of gaming worlds Axie Infinity (AXS) and The Sandbox (SAND) every posted 16,000 and 13,000 % positive aspects respectively. In the meantime, platform tokens from Polygon, Terra, Solana, and Fantom, all posted 8,000% positive aspects or extra.

On condition that play-to-earn gaming had a breakout yr, and layer 1s not named Ethereum noticed sturdy adoption, these developments ought to be of no shock. Now let’s dig a bit deeper.

The state of Layer 1s

Ethereum’s native token (ETH) did a modest 2X over the yr, whereas it was considerably of a tough yr for Ethereum DeFi blue chips, with the DeFiPulse index down 80% over the yr vs ETH.

The worth of DeFi property doesn’t inform your entire story, nonetheless. TVL of Ethereum DeFi purposes confirmed great progress over the yr, and the variety of distinctive Ethereum addresses interacting with DeFi protocols 4x’ed.

DefiLlama and Decentral Park Capital

Regardless, ETH killers and sidechains gained the yr when measured by progress of total market share.

DefiLlama and Decentral Park Capital

The good migration & the EVM normal

In Could, there was $200M sitting in Ethereum bridges. That quantity climbed to $20B by the top of the yr, underscoring the good migration of worth from Ethereum to different ecosystems.

The flipside, nonetheless, is that regardless of this migration away from Ethereum, most worth nonetheless sits in EVM (Ethereum Digital Machine) suitable environments.

Keep in mind that the EVM is actually the mind of Ethereum that performs computations for the community. When different Layer 1s undertake the EVM, it makes deploying present purposes on new networks simpler for builders, along with making it simpler for customers emigrate to those new chains.

The dominance of worth on EVM suitable chains (Avalanche, Polygon, and so on) counsel that a typical is forming across the EVM. This could in the end maintain Ethereum because the gravitational heart of the good contracting world, as ETH purposes and property shall be natively interoperable with most different chains.

Rise of the app chains

Whereas EVM chains nonetheless dominate the panorama, the top of 2021 noticed an increase in worth on Tendermint chains. Recall that Tendermint is a typical popularized by Cosmos, that lets builders construct utility particular blockchains which are able to interoperating with each other.

Constructing app-specific chains prior to now got here with vital alternative price, as a result of they had been minimize off from most liquidity and customers. With the progress of Tendermint chains like Osmosis (AMM), Umee (lending), and Stargaze (NFTs), that’s turning into much less of a problem.

Now that these app particular chains have a widening array of use instances and liquidity that they will interoperate with, search for extra builders to reap the benefits of customizability that these chains supply in 2022.

The ENS airdrop + DAOs

In 2021, ENS reminded everybody of Web3’s native consumer acquisition technique: the airdrop.

ENS (Ethereum Identify Service) addresses are finest considered e mail addresses that you may ship cash to (e.g. Jimbo.eth). After 5 years in improvement, the undertaking shifted to a DAO mannequin, and airdropped ENS governance tokens to each consumer with an ENS handle.

After the drop in November, consciousness of ENS and registration of .eth addresses skyrocketed.

Dune Analytics, matoken.eth

Because the ENS DAO treasury collects income from new .eth registrations, income for the newly minted ENS DAO treasury ramped up considerably: one other testomony to how a lot a properly orchestrated airdrop can transfer the needle.

Dune Analytics, matoken.eth

Past ENS, DAOs had a robust yr, evident by the rising utilization in key items of DAO infrastructure. Gnosis Secure, which is the preferred multisig pockets DAOs use to handle their treasuries, noticed 3x progress in each the variety of Safes and transactions executed in 2021. Snapshot, a device that helps DAOs execute off-chain votes with on-chain verification, exhibited sturdy progress as properly.


Exercise on the dominant platform for NFTs tells you all you should know concerning the breakout yr NFTs loved.

Dune Analytics, Richard Chen

OG NFT CryptoPunks noticed 60x YoY progress, reaching a complete quantity of 650K ETH, or $1.7B at present costs. This determine nonetheless, features a flashloan powered $500M wash sale — a robust reminder of how a lot subjectivity there may be in on-chain information.

The second most notable NFT undertaking of the yr was Bored Ape Yacht Membership, which went from a distinct segment group to the celeb NFT of selection, together with the likes of Steph Curry, Shaq, Justin Bieber, Jimmy Fallon, Paris Hilton, amongst others. At one level the BAYC ground (value of the most affordable NFT within the assortment) momentarily flipped the CryptoPunks ground.

Within the warmth of latest issuances flooding the market, and older NFT collections reaching billion greenback market caps, the common value of NFTs altering arms did a 150x from 0.1 ETH to roughly 15 ETH by yr finish.

Dune Analytics, Richard Chen

One of the attention-grabbing NFT launches of the yr was Loot (lined right here), which let anybody mint 1 of 8,000 NFTs that might kind the premise of a Dungeons and Dragon model RPG sport. Preliminary pleasure was skyhigh, earlier than truly fizzling out as time went on.

Dune Analytics

Whereas Loot’s flame might have dimmed, it was nonetheless a landmark yr for NFT based mostly gaming, with the breakaway success of Axie Infinity bringing play-to-earn and GameFi narratives to the forefront. As the info reveals, Axie Infinity NFT quantity dwarfs that of any prior NFT based mostly sport.

CryptoSlam and The Block

Lastly, whereas Ethereum was the middle of the NFT present, marketplaces look like bobbing up throughout a number of chains. The information reveals that decrease payment environments are enabling several types of consumer exercise. Solana’s Magic Eden, for instance, has extra transactions than OpenSea since customers are unencumbered by exorbitant fuel charges.

Extra in Elias’s epic thread

Past being chock-full of illuminating information factors on the yr in crypto and Web3, the complete thread underscores the great thing about on-chain information and the elevated maturity of the trade. The power for one particular person to place collectively a dataset this wealthy is a testomony to the entire nice information suppliers the trade now has at our disposal.

For those who haven’t already, try the full thread which covers Bitcoin, Ethereum, MEV, L2 adoption, ETH2, staking, Web3, memecoins, DEXes, stablecoins, and an entire lot extra.

~Written by Connor Dempsey & Justin Mart.



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