Nansen: Crypto Industry Report 2021

From a business point of view, 2021 may be one of the most important years since the birth of the crypto world. There are no longer only narratives and speculations, but also many industries and businesses supported by real needs. The business context under the bubble is gradually thriving .

It was a year of business explosion. In terms of the track, crypto entrepreneurial projects are no longer the almost uniform DeFi in 2020. Innovations in application classes and basic layers such as NFTs, Game, Social, cross-chain, L1&L2, middleware, etc. will emerge one after another in 2021.

This is a year of user expansion. From the perspective of the user circle, 2021 is also a year of exponential population expansion in the crypto world. With NFTs, Play2Earn, sandbox games and other application projects as bridges, the crypto world welcomes users other than DeFi Degen and investors. Many collectors, gamers, and metaverse builders have entered this world. The new wave of meme coins led by Shib has also greatly expanded the sheer size of the investor base.

This is the year that participants break the circle. Financial institutions in the traditional world, sports, music, film and television stars with strong IP potential, and various well-known consumer goods companies have strode to the encryption field to test the waters and try to tap new business opportunities.

It's been a turbulent year, and it's worth looking back on.

Nansen (nansen.ai), as a well-known blockchain data analysis platform, recently released the 2021 encryption industry report, from the perspective of on-chain data, the encryption industry, new public chain, DeFi, NFTs, DAO, etc. The analysis has revealed a number of interesting insights and a new outlook for 2022.

I would also like to wish all readers of Mint Ventures a Happy Chinese New Year, and let us continue to improve together in 2022!

The Chinese version of the report is compiled by Mint Ventures exclusively licensed by Nansen

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