When analyzing the major cryptocurrencies by market capitalization, excluding stablecoins, it becomes apparent that only Bitcoin is a first-generation cryptocurrency, and among the second-generation ones, only Ethereum is continuing to achieve success. There are quite a few projects that really boomed during the period when there was a speculative bubble inflating, later surviving its bursting but never returning to success. The crypto industry evolves so fast that often a project ages within a few years. In fact, it must be said that during the quiet post-bubble phases of the past, that is, after the end of the following bear-markets, the thing that proved most interesting was precisely the emergence of new projects. Perhaps even more interesting is imagining what might happen if new successful projects emerge. The new post-bubble projects in the crypto market

He emphasizes the fact that it may still take some time, partly because at this time it is not yet clear whether DeFi protocols will be able to compete with traditional insurers. In particular, the article examines the insurance industry in the DeFi world, stating that so far none of DeFi’s insurance protocols have achieved similar success and scale as the major DeFi protocols.īut despite this, it argues that as long as the crypto ecosystem continues to grow, DeFi insurance is likely to grow to an attractive size. Indeed, it reveals that the very regulatory uncertainty in the US actually seems to bring more interest in DeFi services.

In fact, he points out that in the past 12 months, which is after the implosion of the Terra/Luna ecosystem, the major DeFi protocols have largely continued to run smoothly, despite the failures of crypto exchanges and regulatory actions in the US. The article begins by saying that by now the irrational exuberance of the 2020-2022 bullish cycle in the crypto market has subsided, but then focuses on the outlook for DeFi protocols. In this regard, yesterday Forbes published an in-depth analysis of the DeFi world in the aftermath of the bursting of the last major speculative bubble. So although the largest number of births of new crypto projects were concentrated during the last two bubbles, even after they burst, the crypto market continued to innovate. In truth, it was 2020 that was the key year, because after the collapse of the global financial markets due to the onset of the pandemic, Bitcoin and the crypto market reacted with a quick pre-halving recovery that made it clear to virtually everyone that these were assets not destined to disappear. In particular, 2019 was the year of Facebook’s resounding announcement about its Libra project, later to become Diem and finally aborted, through which the famous social network wanted to establish a stablecoin. It was actually already in 2017 itself that many interesting projects were launched, including Binance, and after the bubble burst, between 20, the interest of some large companies and institutional investors began to grow. The second was characterized by a high growth of BTC, but more importantly by a resounding growth in the price of some altcoins, including in particular ETH and XRP. Just after the burst, in 2014, the Ethereum project was born. The first was characterized by a resounding rise in the price of BTC, partly because there actually wasn’t much else in the crypto markets.

The years leading up to the crypto bubbleĪll three bubbles inflated in the year following Bitcoin’s halving. The new post-bubble projects in the crypto market.The years leading up to the crypto bubble.

Bitcoin bubble explode