What were the ups and downs in crypto in 2022? Find out below: [AD]
The beginning of 2022 saw both the crypto market cap and the non-fungible token market reaching incredibly healthy status. Crypto reached a strong $2.5 trillion in value, and NFTs peaked after 2021’s exponential growth.
Following The Merge, interest in Layer 1 chains also seemed to shift to Layer 2 scaling solutions. Simultaneously, there has been a general race to the bottom for on-chain transaction fees, CEX trading fees, and, more recently, royalty fees for NFT trading platforms too.A lot of global conflict throughout the year gave ample opportunity to showcase the strength of crypto's low-friction cross-border transfer of value.
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