Larry Cermak, VP of research at The Block, and Igor Igamberdiev, director of research and data at The Block, recap the most significant trends of 2021 (BTC mining, L1s, NFTs, DeFi, venture funding) and discuss what might happen in 2022. Show topics:

  • why 2021 was so significant for the crypto industry
  • why the crypto markets didn’t see a blow-off top at the end of the calendar year the way they typically do about a year after a Bitcoin halving
  • what Larry thinks about whether the crypto market is in a supercycle
  • how the state of BTC and ETH mining changed in the past year
  • why Igor thinks multichain technology was key to a record-breaking year for venture capital entering the crypto space in 2021
  • how the layer 1 (L1) ecosystem wars played out in 2021 and what it could look like in 2022
  • what Larry and Igor think of Ethereum layer 2s (L2s)
  • how Ethereum’s shift to 2.0 could affect the L1 race
  • what Larry thinks about DeFi tokens going into 2022
  • how DeFi trends, like decentralized exchange volume and lending, played out in 2021
  • why Igor thinks KYC-DeFi (know-your-customer decentralized finance) is inevitable
  • what Larry thinks about NFTs going in 2022 and why he thinks PFPs are dead
  • Larry and Igor’s outlook on the metaverse going into the new year

Read the episode transcript here

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Episode Links


The Block’s 2022 Digital Asset Outlook Report


Read the episode transcript here