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Might 2020's Winners outperform again? We look back to explain the winners by sector
DeFi, Lending, Borrowing, Asset Mgmt, Deriv
Exchanges, DEX
Web3, Data Mgmt, Storage, Gaming
Privacy & Private Transactions
Layer 1, Interoperability
& more
https://messari.io/article/2020-sector-performance-review
DeFi, Lending, Borrowing, Asset Mgmt, DerivExchanges, DEXWeb3, Data Mgmt, Storage, GamingPrivacy & Private TransactionsLayer 1, Interoperability& more
https://messari.io/article/2020-sector-performance-review
Large Caps: . @chainlink is fueled by the #LinkMarine & memes. Its fundamentals are also strong. $LINK continues to dominate the oracle space with many of the industry's leading projects using it as their oracle provider.https://messari.io/article/2020-sector-performance-review
DEFI: . @AaveAave saw Total Value Locked increase by 6,165x in 2020, from $0.3 million to $2.0 billion. Much of Aave’s growth was due to increasing loan growth & other yield farming protocols that increased the demand for the entire system. https://messari.io/article/2020-sector-performance-review
Exchange Tokens: . @thorchain_org is a a cross-chain Uniswap. $RUNE is designed to appreciate as liquidity grows so that the assets under custody stays secure. Keep an eye out for Mainnet, expected by the end of Q1 2021.
https://messari.io/article/2020-sector-performance-review
Privacy: . @monero is aimed at privacy-preservation and fungibility. $XMR is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. It outperformed all others in 2020.
Derivatives: The structure of . @UMAprotocol 's “initial DEX offering” provided a glimpse of selling tokens in a more democratic and decentralized way. $UMA listed its token at the same price its seed investors -- and saw the price rally 8x within minutes.
Asset Management: . @iearnfinance 's goal is to be a single window to DeFi. Within weeks of its launch, it was the hottest protocol. It's now going on a merger spree to create a conglomerate of symbiotic protocols. . @AndreCronjeTech is one of the most brilliant minds in DeFi
In 2020, MMT & fundamental progress across crypto has also renewed interest in the asset class. The combination of these two has created a recipe for another exciting bull market that began in 2020.
See all the sectors at https://messari.io/article/2020-sector-performance-review
See all the sectors at https://messari.io/article/2020-sector-performance-review
