Центральная южная азия ведет путь в развитии криптовалют с низа.

<strong>Секторы криптовалют в оттенках серого</strong>

Подиндекс 1: Приход стоимости криптовалюты на централизованных биржах

Концепция сохранения стоимости является одним из основных принципов любой стабильной экономики, это относится к активу, который можно надежно сохранять, хранить и обменивать в будущем. Традиционными примерами активов для сохранения стоимости являются золото и недвижимость, но с появлением криптовалют Bitcoin стал цифровым активом для сохранения стоимости.

Криптовалюта как товар цифровой экономики

Криптовалюта является классом денежных активов, предназначенных для защиты покупательной способности со временем.

Цель проектов в данном пространстве

Цель заключается в минимизации технических сложностей в сетях (что уменьшает риски и потенциальные точки хакерских атак) и оптимизации монолитных архитектур, направленных на максимизацию безопасности.

Характеристики хранилища стоимости

Чтобы классифицироваться как хранилище стоимости, экономическая модель цифрового/крипто актива должна обладать характеристиками, превосходящими фиатные системы, такие как дефляция, фиксированная политика поставок и устойчивость к контролю любым географическим сущностям.

Применение криптовалют

Очень сильное применение:

• Инструмент для представления цифровых требований к репозиторию токенов (UTXO)
• Объект, обладающий запасом энергии

Примеры: Bitcoin (BTC), Litecoin (LTC)

Платформы для смарт контрактов

Распределенные сети, позволяющие развертывать код с произвольной логикой для создания общегоцелевых программ. Также часто называемые Платформами 1 уровня, они позволяют строить приложения поверх них, обеспечивая им безопасность и вычисления.

• Система мотивации для управления узлами

Примеры: Ethereum (ETH), Solana (SOL), Polygon (MATIC)

Оракулы

Пайплайны, соединяющие источники данных on-chain и off-chain для передачи информации между изолированными цифровыми средами, которые иначе не способны обмениваться информацией.

• Способ оплаты за запросы

Примеры: ChainLink (LINK), Band Protocol (BAND), UMA (UMA)

Стейблкоины

Трудный термин, который имеет два значения в зависимости от контекста и группы общающихся людей.

• Инструмент для отслеживания цены

Централизованные биржи (CEXs)

Централизованные биржи — возможно, самый распространенный интерфейс для привлечения трейдеров и инвесторов.

Многие современные крипто-ориентированные централизованные биржи также имеют свои собственные токены. Их утилита может быть изобретательной, но обычно они предоставляют скидки на комиссии за использование биржи.

Комментарий: Вставьте свои данные и ссылки по запросу

Starting from the shenanigans of Mt. Gox in 2014 and rolling into the crazy FTX saga of 2022, centralized Exchanges have a muddled history in the crypto industry of constant consumer allegations and regulatory scrutiny for fraudulent behavior, faking data, fund misappropriation, and other undesirable things.

Application of Crypto: Moderate

— discounts on trading fees

Ex: KuCoin (KCS), Phemex, MEXC, Binance (BNB)

📈 DEXs 📉

Decentralized Exchanges. One of the many sub-categories of DEFI and the potentially better twin sister of CEXs.

Decentralized exchanges are the facilitators of trade for digital assets in the crypto economy. Within the context of exchanges, decentralization exists in two major ways; decentralization of the control over order flow with the utilization of AMM bonding curves (allowing anybody to become an LP), and decentralization over the ownership of the platforms through a DAO.

Application of Crypto: Moderate — Strong

— Incentivizing LP’s for liquidity provisioning

— Mechanism to offset hacks

— DAO membership

Ex: Balancer (BAL), Pancake (CAKE), ThorChain (RUNE), 1Inch (1Inch), Bancor (BNT), SushiSwap (SUSHI), TraderJoe (JOE)

🎮 Gaming 🎮

One of the most actively pursued areas of development within the crypto industry is gaming.

Beyond crypto, gaming has always been one of the most sought-after industries by investors and startups due to its extremely high rate of growth. Even in 2023, the gaming industry, as a whole, is anticipating a CAGR of over 13% over the next 5 years.

Application of Crypto: Weak

— In-game currency

Ex: Gala (GALA), Enjin (ENJ), Illuvium (ILV)

📺 Metaverse 📺

Grossly misunderstood and misappropriated term, Metaverse is a generic, broad word typically used to drive conversations around AR/VR, gaming, and the intersection of human evolution with technology.

There is only one sub-category of “meta-verse” assets that hold potential and that is digital land. Land in cyberspace might be valid, but then again, this teeters quickly from the catchphrase of metaverse into gaming, as these lands are typically used for and belong in, games.

Application of Crypto: uncertain

— promise of DAO membership

— promise of abstract, non-tangible things

Ex: Decentraland (MANA), Sandbox (SAND)

👛 Wallets 👛

A pioneering OG sector of the digital economy, wallets were one of the first applications to exist and remain as possibly the most important.

— Vehicle for distributing protocol/application ownership

Ex: TrustWallet (TWT), SafePal (SFP), TokenPocket (TPT), XDEFI Wallet (XDEFI), Klever (KLV)

🚚 Logistics/Supply chain 🚛

Application of crypto: Very Weak

🤳 Social Media 🤳

Savagely competitive sector.

Thus far all of the attempts in this niche have been failures. Primarily due to easily manipulable incentive designs and not being able to reach inflection points in adoption.

Whenever a platform’s only differentiator is the presence of an incentive, odds are that platform will never reach mass adoption.

— access to platform (pay/hold for use)

— mechanism to secure identity (staking)

— rewards for creator/audience engagement

💹 Prediction Markets 💹

Prediction markets allow for the creation of markets around arbitrary, non-financial objects of social interest.

From outcomes on new regulations to environmental turnovers to the results of sporting events, prediction markets are exactly what they sound like, predictions. Anything that can be predicted can have a market created.

Will Manchester United win this year?

Will they place in top 10?

Will RFK jr become the next president?

Will Beyonce release a new Album?

Will Eminem find a new girlfriend?

Literally, anything the mind can conceive and society can measure, can be transformed into a market.

I am a huge fan of this sector and believe that this form of market has simply yet to be properly understood by the general public or perhaps might have just not had enough proper innovation due to potential regulator hurdles.

— DAO ownership/membership

— Asset for placing wagers

— Reward for payouts

Ex: Augur (REP), Prosper (PROS), Numeraire (NMR)

🔐 Insurance 🔐

A very underappreciated industry sector with massive potential, yet it has been hardly addressed by the crypto industry.

That said, the size of the surface area of what insurance can be used for in crypto is MASSIVE. From smart contract failures to Oracle misbehavior and even exotic uses such as hedging yield, the raw amount of demand vectors for decentralized insurance products are insane.

Highly recommend this area for startups looking to enter and provide genuine value with solutions to burning problems.

— tools for DAO membership

— Pool of assets to balance out potential claims

— backstop mechanism to offset funds lost in hacks

Ex: InsureDEFI (SURE), Nexus Mutual (NXM), Etherisc (DIP), UnoRe (UNO)

📺 Media/Entertainment 🎥

Primarily CDN (content delivery networks) the media sector within the digital economy is among the few that remains relatively quiet even during moments of peak euphoria in bull markets.

From music to visual entertainment to active engagement, the Media/Entertainment sector exists with heavy overlap into the gaming and social media sectors.

I would pose that this is a general pseudo-category similar to what DEFI is.

The main distinction for quality projects in Media would depend on the nature of their product designs; building a CDN is high value with strong arguments for the presence of a toke, meanwhile building applications that merely use CDNs are more abstract and likely should not have their own digital assets.

— Depends on exact application

— Reward for use

— Incentive for node operators to become relayers/providers

Ex: Theta (THETA), LivePeer (LPT), LBRY (LBRY)

📦 Storage 📦

The storage sector of the crypto economy has only begun to gain traction. One of the potentially limitless sectors in terms of size, as humanity continues to exponentially grow its digital footprint, the demand for storage will only continue to grow in tandem.

— Incentive for node operators to dedicate storage space on their hardware

Ex: FileCoin (FIL), Arweave (AR), Storj (STORJ), SiaCoin (SC)

🌳 REFI 🌴

Regenerative Finance. A somewhat strange morphology of DEFI regarding a class of financial products that serve as a vehicle to provide environmental benefits as a byproduct of its operations.

Driven by a model of doing good for the environment, REFI focuses on creating a “sustainable” financial system that takes into account its impact on ecological aspects of social life and looks to address climate change.

— Incentives for carbon emission controls

— Record Keeping

🔎 Analytics 🔍

Providers of information about the industry.

Analytics tools are the backbone of organized data; every grade of market participant, from the most Degen retail investor to sophisticated high-frequency trading firms all rely on some kind of empirical and statistical data to help them drive their decision-making.

By the nature of the products themselves, analytics contribute to basically all other sectors.

— DAO Acces

We have just covered 18 sectors of the crypto economy; roughly half of the total ~36–40 that exist.

Categories that have not been included in the list are: Gambling, Art, AI, Memes, DAOs, Health, Launchpads/incubators, Real Estate, RWA, lending/borrowing, derivatives, energy, IOT, AR/VR, and a few others.

I hope this information can serve you well in understanding just how nuanced and broadness of the landscape of the digital economy really is.

Live long & prosper 🥂

Utilities & Services Crypto Sector

Tether Will Either Be Audited Or Deplatformed

Tether continues to find itself under increasing regulatory scrutiny, with a recent S&P report ranking both the issuing entity and the USDT token itself as high risk. Reasons include factors that veteran crypto investors will be familiar with; lack of transparency around issuance policies, questions around the composition of reserves, doubts about the veracity of attestation and other financial reports, and the reluctance of Tether leadership to come to the United States. Despite all of this, however, USDT remains the largest and most liquid stablecoin in the market; playing a key role in the DeFi sector as well as trading on decentralized exchanges.

With more exchanges delisting USDT, however, and the U.S. regulatory bodies continuing to regulate via enforcement, 2024 is shaping up to be a pivotal year for USDT; address the long-running issues or face increased delisting.

U.S. Banks Will Embrace Tokenized Payments

The business case for tokenized payments has long been understood by crypto advocates, and as major financial institutions catch up on these benefits, it seems reasonable to conclude that adoption and implementation will continue.

Smart Contract Platforms Crypto Sector

Currencies Crypto Sector

Accounting Rules Will Continue Improving

The publication of the long-awaited crypto accounting rule from the Financial Accounting Standards Board is the first such rule that has been issued under Generally Accepted Accounting Principles. Allowing firms that hold crypto on balance sheets to report these assets at fair market value, as well as prescribing additional disclosure and reporting rules is a worthwhile first step toward more comprehensive accounting rules for the space. While the accounting standard is narrow in scope, and does not address a wide array of cryptoassets (wrapped tokens, stablecoins, decentralized finance, and non-fungible tokens are excluded), this opens the door for further developments in 2024.

More transparency and consistently applied rules will only help the sector achieve mainstream adoption.

Financials Crypto Sector

Why Grayscale Crypto Sectors?

As the universe of protocols continues to evolve, Grayscale Crypto Sectors offers investors an opportunity to organize and understand the crypto asset class. Assets are grouped into sectors by function — how the protocol works, its use case, and its investable exposure.

Global adoption is down, but not in one crucial subset of the world

There’s no sugarcoating it: Worldwide grassroots crypto adoption is down. We can see this on the chart below, where we apply our Adoption Index methodology globally by summing all 154 countries’ index scores for each quarter from Q3 2020 to the present, and re-index them again to show adoption growth over time across the world.

While there’s been a marked recovery since the doldrums of late 2022, around the time , grassroots adoption is still well off its all-time highs.

World Bank income classification GNI per capita range Example countries

High income (HI) USA, UK, Saudi Arabia

Upper middle income (UMI) $4,256 – $13,205 Argentina, China, Russia

Lower middle income (LMI) $1,086 – $4,255 India, Nigeria, Ukraine

Low income (LI) Ethiopia, Sudan, Yemen

Many of the top countries on our Global Crypto Adoption Index, from Central & Southern Asia to Africa, are in the LMI category, and taken together, LMI countries have seen the greatest recovery in grassroots crypto adoption over the last year. In fact, LMI is the only category of countries whose total grassroots adoption remains above where it was in Q3 2020, just prior to the most recent bull market.

This could be extremely promising for crypto’s future prospects. LMI countries are often countries on the rise, with dynamic, growing industries and populations. Many of them have undergone significant economic development in the last few decades to rise from the low income group. And perhaps most importantly of all, 40% of the world’s population live in LMI countries — more than any other income category. If LMI countries are the future, then the data indicates that crypto is going to be a big part of that future. That, combined with the fact that — primarily driven by organizations in high-income countries — continues to gain steam even during the ongoing crypto winter, paints a promising picture of the future. We could see a combination of bottom up top down cryptocurrency adoption in the near future if these trends hold, as digital assets fulfill the unique needs of individuals in both segments. We’ll explore these trends and more in our full 2023 Geography of Cryptocurrency Report.

This material is for informational purposes only, and is not intended to provide legal, tax, financial, or investment advice. Recipients should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with Recipient’s use of this material.

BitcoinBTCWill Top $60,000

Price predictions are always a way to judge the current state of market sentiment; a recent interview in a Bloomberg piece has some commentators stating that this current bull run will see bitcoin top $500,000. A more conservative estimate is that bitcoin, due to the factors outlined above, will most likely top $60,000 in 2024. While still below all-time highs, this would certainly be a healthy recovery for the sector. One thing that overly optimistic advocates will have to watch out for is that, as more institutional players come into the space, the wide swings in valuation that have occurred since 2016 will be less tolerated than they have been while bitcoin has been the asset of choice for retail and non-traditional investors.

2023 was a busy year for crypto, and 2024 is looking to be even more action-packed; investors of all kinds should be prepared for what is to come.

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Consumer & Culture Crypto Sector