Arcane Research 2021 Crypto Report

Vladimir Collak
Jan 12 · 1 min read

Pretty cool crypto report from Arcane Research. Some interesting takeaways:

  • Bitcoin has been outperforming the S&P 500 and gold in the last 3 years
  • Bitcoin is a risk-on asset (like stocks) due to growing institutional adoption
  • Altcoins outperformed Bitcoin (Ethereum #2 by market cap with 455% gain in ’21 and BNB with 1344% vs. Bitcoin 73%)
  • Other layer 1 blockchains such as Solana, Avalanche, Terra Luna have significantly outperformed BTC, ETH, and BNB
  • OpenSea (NFT marketplace) volume has surged from $0.33bn in July ’21 to $3.43bn in August ’21. Remaining months ranged between $2.66bn and $3.0bn
  • There are now at least 64 crypto unicorns. There were 172 crypto related M&A transactions in ’21 vs 59 in ’20.
  • Market cap for stable coins increased by 500%. Largest market cap is Tether, but USD Coin (second largest) has grown much faster

Their predictions:

  • Bitcoin will continue to outperform S&P 500 in 2022
  • BTC will continue to be linked to VIX (volatility index)
  • ETH will continue to outperform BTC
  • Other layer-1s will continue to outperform ETH
  • Traditional gaming companies will continue to explore NFTs
  • 2022 crypto M&A will be higher than 2021
  • USD Coin will overtake Tether

Arcane Research Report

Block Space

Interesting companies, technologies and business models related to crypto and blockchains

Block Space

Articles about interesting companies, technologies and business models related to crypto with focus on enterprise adoption of cryptocurrencies, NFTs, and blockchains and related technologies

Vladimir Collak

Written by

Technology entrepreneur who loves both technology and startups. You can find me at www.collak.net

Block Space

Articles about interesting companies, technologies and business models related to crypto with focus on enterprise adoption of cryptocurrencies, NFTs, and blockchains and related technologies