Adoption and Protocol Upgrades: Our 2021 Year-End Review
  CoinDesk Research presents its 2021 Annual Crypto Review, which analyzes the deployment protocol upgrades, among other key crypto market trends observed in 2021.
 Bitcoin There is an air of legitimacy now: Bitcoin is no longer viewed as an esoteric digital currency used only on the fringes by techies and cypherpunks. We are seeing legitimate corporations, institutions, national governments and individuals who have staked their...
 Ethereum Ethereum's proof-of-work (POW) chain appears to finally be winding down after years of development and delays. During October, the Ethereum Foundation, ConsenSys, and POW and proof-of-stake (POS) client teams met for...
 Multi-Chain Ecosystem Last quarter, we noted the migration of capital to Solana and Avalanche as each chain acquired a slew of new users in the second half of 2021. Trends continued during Q4, with Avalanche and Terra now showing the strongest DeFi adoption, adding a...
 Capital Raises 2021 was a monumental year for capital raises and funding rounds in for blockchain and cryptocurrency companies. DeFi, NFTs and the demand for products built around Bitcoin are all more recent drivers of...
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