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Crypto crime was the highest — and lowest — ever in 2021: Chainalysis

New data from the blockchain analytics firm Chainalysis shows the highs and lows of crime-related cryptocurrency transactions across 2021.  The volume of crime-related crypto transactions hit a record high at $14 billion in 2021, up 79% since 2020. But since the number of cryptocurrency transactions grew 567% that same year, crime-related activity comprised 0.15% of all cryptocurrency transactions — the lowest that rate has been since 2017.  Chainalysis concludes that the growth rate for legitimate crypto transactions far exceeds crime-related …

Current state of DeFi in 2021: Part 2

December 2, 2021, 3:27PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral Centralized custodians played a pivotal role in bringing Bitcoin into DeFi Lido denominated the liquid staking sector with billions under management Most miner extractible value originated from arbitrage Join The Block Research for exclusive …

Current state of DeFi in 2021: Part 1

November 25, 2021, 12:04PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program Convex surpassed Yearn and became the largest yield optimizer by value locked …

‘NFT’ named top word of the year by the dictionary publisher Collins

Collins, a dictionary publisher founded in 1824 recording over 4.5 billion words, named “NFT,” or ‘non-fungible token,’ as the top word of the for 2021.   “It’s certainly a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media,” the publisher wrote in a Wednesday blog post, describing it as the intersection between internet and money.  As The Block’s data shows, interest in NFTs exploded in 2021. NFT transaction volume grew …