TI-Coingecko 2020 Cryptocurrency Industry Annual Report
There are decades where nothing happens, and there are weeks where decades happen.
2020 was full of defining events that changed the course of the world. With the COVID-19 pandemic forcing many to digitally adapt, we believe that it is just a matter of time before our vision of global tokenization takes place.
2020 has been an exciting year for all of us in crypto. We saw plenty of price actions from Black Thursday in March, to the DeFi summer, and finally, the strong bull run at the end of the year. 2021 promises to continue being an exciting year now that Bitcoin has breached its previous all-time high three years ago.
DeFi has emerged as the biggest winner of the crypto sphere in 2020. The market witnessed a cataclysm of financial innovation enabled by blockchain that gave birth to multiple primitives such as flash loans, automated market makers, yield farming and algorithmic stablecoins. Financial experiments have never been conducted with such flexibility and it is simply exhilarating to be on the front seat of such groundbreaking innovations.
We are also seeing the inflow of institutional money. Having Microstrategy and Square holding Bitcoin as part of their corporate treasury is likely the start of a larger trend of large companies (and hopefully governments) buying Bitcoin. With the help of looser monetary policies and increased accessibility to crypto assets, we are optimistic that there would be more crypto market developments moving forward.
Contents of the report
- Market Landscape
- Bitcoin Analysis
- DeFi Analysis