- Huobi Research releases the “Global Crypto Industry Overview and Trends 2022–2023 Annual Report.”
- The company analyzed the developments and losses of the crypto industry during 2022.
- The annual report provides forecasting and suggestions for 2023.
Today, Huobi Research has announced the release of the full report on the “Global Crypto Industry Overview and Trends 2022–2023 Annual Report.” The annual report provides forecasting and suggestions for 2023 by comprehensive analysis of developments and losses that happened during 2022.
Extending the Twitter thread, Huobi pinpoints the top 10 events of 2022 such as the collapse of Terra, the Bankruptcy of Three Arrows Capital, the FTX crash, the merge of ETH, radical interest rate hikes, Tornado cash, OP of Layer2, GameFi of X2E, the acquisition of Huobi, and the complete regulation for the crypto industry.
According to the annual report, around 320 million people use cryptos globally in 2022, with more than 40% of them identifying as Asian. The number of new users in the crypto industry decreased to 25 million from 194 million in 2021. Huobi Research further mentioned that the U.S., South Korea, and Russia have the largest number of visits to CEX exchanges, with an accumulative share of over 22%.
Based on the article released by Huobi Research, over 42 sovereign countries and regions around the world, excluding mainland China, have issued 105 regulatory measures and guidance for the crypto industry since 2022.
With the beginning of the new year, Huobi Research has predicted some possibilities that could happen to crypto in 2023. Huobi Research forecasted that the market will reach the bottom in early 2023, Social tycoons in Web2 such as Twitter will continue to pursue Web3, thus, introducing SocialFi, and ecological prosperity for Layer2 is expected to happen in 2023.
Concurrently, the crypto industry will witness the launch of the accelerated ZK network, rapid growth for Dapps, and demand for on-chain storage. There is a possibility that the on-chain regulations will be strengthened, with crypto being adopted as a form of payment.