CCData's Outlook Report examines the macroeconomic and digital asset environment of 2022 while looking forward to the trends we expect to see in 2023, from exchanges, to DeFi, stablecoins and more.
January 18, 2023
Report Summary
We are delighted to announce the release of CryptoCompare's latest research report: 2023 Outlook: New Year, New Narratives. In this report, we assess the macroeconomic and digital asset environment of 2022 while looking forward to the trends we expect to see in 2023, including developments in the centralised exchange sector, decentralised finance, stablecoins, CBDCs and more.
Key highlights:
Throughout 2022, digital assets saw a notable increase in correlation with traditional assets, with Bitcoin and Ethereum returning -65.4% and -68.3% respectively in 2022
The collapse of FTX dramatically influenced exchange outflows, volumes and liquidity on almost all centralised exchanges. For example, exchange volumes saw a drop of 43.0% in December relative to November.
Total value locked (TVL) in DeFi fell 24.7% to $74.3bn, recording the second-largest quarterly TVL decline in DeFi history
The market cap of stablecoins, which currently stands at $138bn, has grown its dominance over the total crypto market cap to 16.6% from 6.76% at the start of 2022.
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Exchange Review
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.
Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
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