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<p>Looking to get ahead in the cryptocurrency market for 2023? To do so, it’s vital that you have a comprehensive grasp of what’s already happened. Get started on your journey by revisiting key developments from 2022 and unlock exciting opportunities this year!</p><p>In a different article, we explained the ins and outs of the long-awaited<a href="https://link.medium.com/ECpxxnUncxb" rel="noopener noreferrer nofollow"> Ethereum Shanghai hard fork</a> scheduled to happen in March 2023. As part of this fork, developers plan to implement several improvements, including the EIP-3540, EIP-3670, EIP-4200, EIP-4750, and EIP-5450 standards needed to implement the EOF (EVM Object Format).</p><p>That’s right! After 5 years, the Ethereum Virtual Machine is finally getting an upgrade. EOF will significantly improve scalability and provide other exciting benefits, including the ability to validate and modify smart contracts during deployment.</p><p>Now, let’s take a look at some charts and numbers to better understand the market and not make hasty decisions based on emotion. Here are some metrics that will help you evaluate the overall performance of the crypto market over the past year:</p><h2 id="header-0">Total Capitalization</h2><p>In 2022, the entire market lost capitalization, although prior to Terra’s collapse, bulls managed to recover around $2 trillion. Last year peaked at $2.2 trillion and by the end of November had been decimated down to $778 billion, against the backdrop of the FTX bankruptcy. Currently, it appears that market capitalization may be starting its recovery, standing at $815 billion.<br /></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f507ce84857e4625b347e00d0b6855a3.jpg" /><h2 id="header-1">TOP 10 Cryptocurrencies</h2><p>Cryptocurrencies have seen an incredible transformation in the last year, with several new industry players joining top contenders. If you want to stay informed of these market trends and strong competitors, these two lists of the 10 best performing cryptocurrencies from January 2 — December 25 2022 are a great way to compare how much has changed!</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ad4f6df9f2de4d1ca0f0ffd1fcb2d2e1.jpg" /><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6e181bce1caf4d52823621f9eaa66300.jpg" /><p>The crypto market is undergoing a shift towards increased stability and economic lull, as evidenced by the surge of stablecoin issuers on top lists by the end of 2022. Unfortunately several ambitious projects such as Solana, Polkadot and Terra’s dreams were short-lived. Even so, Polygon is sticking to their story that L2 solutions offer the brightest future.</p><h2 id="header-2">TVL of DeFi Sector</h2><p>TVL (Total Value Locked) shows the total volume of locked funds in DeFi projects. The peak for 2022 was on the first day of the year, when the total TVL was $166 billion. Currently, the figure is only half that, reaching the same level the market was at the beginning of 2021.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/55530c93a44343e292fe3c204d081592.png" /><h2 id="header-3">NFT Trading Volumes</h2><p>NFT markets have experienced a dramatic decrease in daily trading since the Terra crash at the beginning of 2021. What was once reaching up to $1 billion has now dropped significantly, settling in between $12–25 million during the latter half of 2022 — an astounding 84% decline year over year.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/23d0a385772a45f99575fa9e445bc1f3.jpg" /><p>Additionally, it is also necessary to make an adjustment for the washing trade, whose share in the NFT market has varied markedly during different time periods.</p><h2 id="header-4">NFT-500</h2><p>NFT-500 is an index that captures the performance of 500 top NFT collections. It’s been a rollercoaster year since its inception in early 2022, with investors grabbing initial returns only to hit negative territory by December — seeing their original investments plummet from $1000 to just $700.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3387e10edc1d4cf896c9e56925fea2cc.png" /><h2 id="header-5">Fear/Greed Index</h2><p>This is a benchmark of investor sentiment, but if we superimpose it on previous charts, we will see that the real figures for capitalization and sentiment are two different things. Investors were most optimistic about the market in April, where the indicator reached 59 points. It was a really good month. However, the lowest sentiment happened in June and July, only 6 points. It showed investors’ fears as major players like Terra, 3AC, BlockFi, and Celsius collapsed.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/20d74775c6364d9bb358204270ff7cc6.png" /><p>Capital Activity</p><p>Despite the lackluster data, there is still a glimmer of encouragement for the crypto market headed into 2023. The news-sensitivity and lack of regulation make it an unpredictable field that has the potential to swing upwards at any moment, though investors should exercise caution when navigating this volatile landscape.</p><p>The Ethereum market is undergoing a major transformation with the development of exciting projects that continue to propel it forward. Companies are investing in specialized developers and multiple testnets have been launched, providing an opportunity for devs to sharpen their skills during this time period. One project at the forefront of these developments is SafeStake, offering a trust minimized middle-layer solution for ETH 2.0 staking. With an enticing reward pool up 5M STATE tokens plus chances to win ETH prizes, now’s the best time to join and help us test the technology at scale.</p><p><a href="https://www.parastate.io/safestake/" rel="noopener noreferrer nofollow">https://www.parastate.io/safestake/</a></p><p><strong>About ParaState</strong></p><p>Parastate is participating in ETH 2.0 PoS with a new tech stack called SafeStake, a trust-minimized middle layer that promotes decentralized ETH 2.0 staking. SafeStake is the first Ethereum staking pool protocol written in Rust that implements distributed validator technology (DVT). It utilizes HotStuff consensus and BLS Threshold Signature architecture to provide robust security and reliability so validators can maximize their ETH staking rewards.</p><p>Join the ParaState community:</p><p><a href="https://www.parastate.io/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://medium.com/ethereum-on-steroids" rel="noopener noreferrer nofollow">Blog</a> | <a href="https://twitter.com/_parastate" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/ParaState" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discord.com/invite/zFS3Mnfpwj" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://github.com/ParaState" rel="noopener noreferrer nofollow">Github</a>| <a href="https://medium.com/ethereum-on-steroids" rel="noopener noreferrer nofollow">Medium</a><br /></p>

Crypto sectors review. Charts and numbers

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