{"id":57063,"date":"2022-02-02T18:45:29","date_gmt":"2022-02-02T16:45:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57063"},"modified":"2025-09-04T09:48:19","modified_gmt":"2025-09-04T06:48:19","slug":"january-2022-in-numbers-nft-boom-despite-crypto-slump-fantom-strengthens-and-ftxs-rally-to-32-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/january-2022-in-numbers-nft-boom-despite-crypto-slump-fantom-strengthens-and-ftxs-rally-to-32-billion\/","title":{"rendered":"January 2022 in Numbers: NFT Boom Despite Crypto Slump, Fantom Strengthens and FTX\u2019s Rally to $32 Billion"},"content":{"rendered":"<div class=\"wp-block-monthly-reviews-top-blk review_top_blk\">\n<h2 class=\"wp-block-heading\">Key takeaways<\/h2>\n<ul class=\"wp-block-list\">\n<li>Market capitalisation fell below $2 trillion, as the top cryptos posted fresh lows not seen since mid-2021.<\/li>\n<li>The Fed\u2019s policy stance and losses on equity markets weighed on Bitcoin\u2019s price.<\/li>\n<li>Short-term investors booked record losses in the past six months, while long-term holders used the moment to buy.<\/li>\n<li>Bitcoin\u2019s hash rate and mining difficulty reached peak levels.<\/li>\n<li>DeFi protocols on Ethereum locked a record 43 million ETH.\u00a0<\/li>\n<li>Over the month, users deposited a quarter of total liquidity into L2 solutions.<\/li>\n<li>Total market capitalisation of stablecoins surpassed $165 billion.\u00a0<\/li>\n<li>NFTs were back in the spotlight: OpenSea\u2019s trading volume neared a record $5 billion.\u00a0<\/li>\n<li>User interest in NFT on Google Trends exceeded interest in cryptocurrencies.<\/li>\n<li>The central bank and government diverged in views on banning cryptocurrencies and mining in Russia.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Leading asset dynamics<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"490\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4-1024x490.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX surges to $32B\" class=\"wp-image-163717\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4-1024x490.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT-4.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"458\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3-1024x458.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163718\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3-1024x458.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3-300x134.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3-768x344.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3-1536x688.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT-3.png 1834w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily ETH\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>The January correction that began late last year continued into January.<\/li>\n<li>Leading cryptos hit local lows not seen since July 2021 \u2014 on 24 January Bitcoin briefly touched $32,917 and Ethereum $2,159.<\/li>\n<li>The total crypto market cap fell 21%\u2014from $2.19 trillion to $1.72 trillion. During the 24 January fall, the metric dropped below $1.5 trillion.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"210\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-ETH.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163720\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-ETH.png 750w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-ETH-300x84.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><figcaption class=\"wp-element-caption\">Bitcoin and Ethereum momentum in January. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/Pxxk3gPb\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"405\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-monthly-1-1024x405.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163721\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC-monthly-1-1024x405.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-monthly-1-300x119.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-monthly-1-768x304.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC-monthly-1.png 1384w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin monthly momentum. Data: <a href=\"https:\/\/www.coinglass.com\/today\">Coinglass<\/a>.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin down 16.7% and Ethereum down 26.9% for the month.<\/li>\n<li>February is historically favourable coming up next.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"522\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers-1024x522.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163723\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers-1024x522.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers-300x153.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers-768x391.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers-1536x783.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/gainerslosers.png 1584w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Losers of the month. Data: <a href=\"https:\/\/messari.io\/screener\/monthly-gainers-(copy)-E99DF2E8\">Messari<\/a>.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Overwhelming majority of projects lost a significant portion of market cap.<\/li>\n<li>The biggest drawdown was SPELL from Abracadabra (in the wake of the Wonderland cofounder controversy) \u2014 its price fell 70%.<\/li>\n<li>Other notable underperformers included GameFi tokens SLP (Axie Infinity) and GALA (Gala), ParaSwap\u2019s PSP token, and Anchor\u2019s ANC. Each shed more than 50%.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3>Stocks of crypto-linked companies (as of 31.01)<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>MicroStrategy (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-MSTR\/\">MSTR<\/a>): <br \/><span style=\"color: #FA0021\">-32.4%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Coinbase (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-COIN\/\">COIN<\/a>): <br \/><span style=\"color: #FA0021\">-24.6%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Bakkt (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NYSE-BKKT\/\">BKKT<\/a>): <br \/><span style=\"color: #FA0021\">-49.3%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Galaxy Digital (<a href=\"https:\/\/ru.tradingview.com\/symbols\/TSX-GLXY\/\">GLXY<\/a>): <br \/><span style=\"color: #FA0021\">-25.3%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<h3>Mining company stock dynamics (as of 31.01)<\/h3>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Canaan (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-CAN\/\">CAN<\/a>): <br \/><span style=\"color: #FA0021\">-16.5%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Ebang International (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-EBON\/\">EBON<\/a>): <br \/><span style=\"color: #FA0021\">-11.6%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Riot Blockchain (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-RIOT\/\">RIOT<\/a>): <br \/><span style=\"color: #FA0021\">-28.6%<\/span><\/strong><\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Hut 8 (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-HUT\/\">HUT<\/a>): <br \/><span style=\"color: #FA0021\">-24.3%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-third review_half\">\n<p style=\"font-size:24px\"><strong>Marathon Digital (<a href=\"https:\/\/ru.tradingview.com\/symbols\/NASDAQ-MARA\/\">MARA<\/a>): <br \/><span style=\"color: #FA0021\">-28.3%<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Macroeconomic backdrop<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"974\" height=\"551\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image2-318.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163732\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image2-318.png 974w, https:\/\/u1f987.com\/wp-content\/uploads\/image2-318-300x170.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image2-318-768x434.png 768w\" sizes=\"auto, (max-width: 974px) 100vw, 974px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\">CME FedWatch<\/a>.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Following the 25-26 January meeting, the Fed signalled the end of QE in March (with February set to accelerate the pace of unwinding to $30 billion per month). The decision\u2019s statement hinted at a forthcoming, sooner and faster pace of rate hikes.<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>In the subsequent press conference, Fed Chair Jerome Powell did not rule out a 50 basis-point hike \u2014 twice the market expectations. He signalled that rate hikes could occur at every meeting (markets had priced in one such move per quarter).<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Powell warned that balance sheet reduction would begin soon after the rate hike. The process would be orderly (details due in March), but it would commence sooner and proceed more quickly than in the past, owing to higher and more persistent inflation.<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Futures markets priced in a 19.2% chance of a 50bp hike, 80.8% for a 25bp move. By year-end, a scenario with five rate increases was priced in with odds of 7:3.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"974\" height=\"548\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-497.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163734\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-497.png 974w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-497-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-497-768x432.png 768w\" sizes=\"auto, (max-width: 974px) 100vw, 974px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-25\/bitcoin-is-moving-in-tandem-with-stocks-like-never-before-chart\">Bloomberg<\/a>.<\/figcaption><\/figure>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>The situation could be notably altered by a slower economy. Q4 2021 US GDP growth was 6.9% year-on-year, driven by a second-largest in history rise in inventories of finished goods (4.9 percentage points out of 6.9). Such a growth structure raises the prospect of a sharp slowdown in activity in Q1 2022 and could influence Fed actions if inflation accelerates further.<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>The prospect of earlier and faster Fed tightening pressures crypto and equity markets. The Nasdaq Tech-heavy index fell nearly 20% from its peak (January\u2019s worst performance since 2008). Its correlation with Bitcoin<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoins-correlation-with-tech-stocks-reaches-a-record-high\"> reached record highs<\/a>.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Market mood, correlations and volatility<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-3-1024x573.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163738\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-3-1024x573.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-3-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-3-768x429.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-indeksa-straha-i-zhadnosti-3.png 1218w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Fear-and-greed index dynamics. Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">alternative.me<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"738\" height=\"146\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti2.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163739\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti2.png 738w, https:\/\/u1f987.com\/wp-content\/uploads\/indeks-straha-i-zhadnosti2-300x59.png 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bearish sentiment dominated the month. On 8 January, the Fear &#038; Greed Index hit a local low (10) \u2014 a level last seen in July 2021 when Bitcoin traded under $30,000<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-30000\">.<\/li>\n<li>The spike in the index was driven by news of the Fed\u2019s rate-hike plans to tighten policy sooner and faster than expected<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"379\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov-2-1024x379.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163741\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov-2-1024x379.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov-2-300x111.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/90-dnevnye-pokazateli-korrelyatsii-aktivov-2-768x284.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">90-day asset correlation indicators. Data: <a href=\"https:\/\/www.blockchaincenter.net\/cryptocurrency-correlation-study\/?timeframe=90days&#038;asset1=SP500&#038;asset2=BTC#correlationtable\">BlockchainCenter<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Bitcoin&#8217;s correlation with US tech stocks and the Nasdaq hit a fresh high (0.66 on 25 January, averaged over the prior 40 days).<\/li>\n<li>Price movements of Bitcoin and the S&#038;P 500 and Dow Jones remained broadly in sync. Correlation with the first hovered around 0.4, with the second around 0.33.<\/li>\n<li>Statistical linkage between Ethereum and these indexes was more pronounced (SPX 0.48; Dow 0.41).<\/li>\n<li>Bitcoin\u2019s correlation with gold remained weak (0.07). Ethereum\u2019s correlation with gold was higher (0.1).<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-2-1024x534.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163743\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-2-1024x534.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-2-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-2-768x401.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-istoricheskoj-volatilnosti-tseny-bitkoina-2.png 1336w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin price volatility index (historical). Data: <a href=\"https:\/\/satochi.co\/\">satochi.co<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-2-1024x538.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163744\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-2-1024x538.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-2-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-2-768x403.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-koeffitsienta-SHarpa-bitkoina-v-sravnenii-s-drugimi-aktivami-2.png 1183w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin price Sharpe ratio versus other assets. Data: <a href=\"https:\/\/portfolioslab.com\/tools\/sharpe-ratio\">Portfolios Labs<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In January, Bitcoin\u2019s historical volatility hovered between 2.35% and 3.4%. The average was 2.83%, below December\u2019s 3.57% and well under the 2021 average of 4.12%.<\/li>\n<li>The Sharpe ratio for Bitcoin (using two-year US Treasuries as the risk-free proxy) remains a reminder of relative risk of crypto investments. In January, Bitcoin again outperformed gold ETFs and the Dow Jones on this metric.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">On-chain data<\/h2>\n<h3 class=\"wp-block-heading\">Bitcoin<\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov-1024x576.jpg\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163746\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov-1024x576.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov-300x169.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov-768x432.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov-1536x864.jpg 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Sootnosheniya-kratkosrochnyh-i-dolgosrochnyh-bitkoin-investorov.jpg 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Share of short-term vs long-term Bitcoin holders. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=supply.LthProfitSum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-2-1024x576.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163747\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-2-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-2-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-2-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-adjusted-sopr-asopr-7-d-moving-average-2.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">aSOPR indicator dynamics. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;ema=0&#038;m=indicators.SoprAdjusted&#038;mAvg=7&#038;mMedian=0&#038;s=1612114738&#038;u=1643650738&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Share of assets held by short-term Bitcoin holders in late January stood above 18%. More than 90% of coins were purchased above the current price.<\/li>\n<li>Throughout January, the aSOPR indicator remained below 1, signalling deteriorating market sentiment and that most investors were realizing losses.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"438\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Net-Realized-Profit-Loss-1024x438.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163749\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Net-Realized-Profit-Loss-1024x438.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Realized-Profit-Loss-300x128.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Realized-Profit-Loss-768x329.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Realized-Profit-Loss.png 1517w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Net realized profit\/loss of Bitcoin investors. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=indicators.NetRealizedProfitLoss&#038;mAvg=0&#038;mMedian=0&#038;s=1578623931&#038;u=1643500800&#038;zoom=\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss-1024x589.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163750\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss-1024x589.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss-768x442.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss-1536x884.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Long-Term-Holder-Supply-in-Profit-Loss.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Share of long-term Bitcoin holders in the total supply. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=supply.LthSum&#038;mAvg=0&#038;mMedian=0&#038;s=1578623931&#038;u=1643500800&#038;zoom=\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>January 21 saw net realized losses of $2.5 billion. Only in May and June 2021 did the market see comparable levels.<\/li>\n<li>The share of long-term holders rose above 80%, nearing multi-year highs. Only 6% of coins were in loss for their holders.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Net-Unrealized-Profit-Loss-1024x502.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163752\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Net-Unrealized-Profit-Loss-1024x502.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Unrealized-Profit-Loss-300x147.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Unrealized-Profit-Loss-768x376.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Net-Unrealized-Profit-Loss.png 1523w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Difference between unrealised profits and losses based on the latest coin movement. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=indicators.NetUnrealizedProfitLoss&#038;mAvg=0&#038;mMedian=0&#038;s=1578623931&#038;u=1643500800&#038;zoom=\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"590\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-1024x590.jpg\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163753\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-1024x590.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-300x173.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-768x442.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-1536x885.jpg 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Relative-Transfer-Volume-Breakdown-by-Size-2048x1180.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Share of Bitcoin transactions of $1m and above in on-chain transfer value. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=transactions.TransfersVolumeBySizeEntityAdjustedRelative&#038;mAvg=0&#038;mMedian=0&#038;s=1578623931&#038;u=1643500800&#038;zoom=\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Value of Bitcoin transactions above $1m as a share of on-chain value rose to about 65%. The &#8216;whale&#8217; trend began in October 2020, when prices hovered around $10k-$11k.<\/li>\n<li>In January, Bitcoin transactions on-chain above $1m accounted for 65% of on-chain value.<\/li>\n<\/ul>\n<\/div>\n<h3 class=\"wp-block-heading\">Ethereum<\/h3>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-2-1024x538.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163755\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-2-1024x538.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-2-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-2-768x403.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-sutochnogo-chisla-sozhzhennyh-ETH-2.png 1162w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily ETH burn count. Data: <a href=\"https:\/\/etherscan.io\/chart\/dailyethburnt\">Etherscan<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-2-1024x571.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163756\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-2-1024x571.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-2-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-2-768x428.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Balansy-Ethereum-na-tsentralizovannyh-birzhah-i-dolya-predlozheniya-ETH-zadejstvovannogo-v-smart-kontraktah-2.png 1252w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">ETH balances on centralized exchanges and ETH supply in circulation used in smart contracts. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=distribution.BalanceExchanges&#038;s=1633167919&#038;u=1635759919&#038;zoom=30\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Since the activation of EIP-1559 in August 2021, the Ethereum burn process surpassed 1.72 million ETH (~$4.7 billion at the time of writing). In January, more than 392,000 ETH were burned. On the 10th, the network posted an all-time high for this metric (19,424.89 ETH). The burn rate tracks the asset price.<\/li>\n<li>The month\u2019s largest burn (65,697 ETH) came from NFT marketplaces OpenSea operations. The reason is rising platform trading volume.<\/li>\n<li>The share of ETH locked in DeFi protocols remains high \u2014 27.48% in January.<\/li>\n<li>In the first half of January, centralized exchanges reduced balances; however, against ETH\u2019s fall below $3,000, the local trend was broken. By month-end, ETH supply on CEXs was virtually unchanged.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"617\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-konakte-Ethereum-2.0-i-chislo-validatorov-1024x617.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163758\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-konakte-Ethereum-2.0-i-chislo-validatorov-1024x617.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-konakte-Ethereum-2.0-i-chislo-validatorov-300x181.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-kolichestva-ETH-na-depozitnom-konakte-Ethereum-2.0-i-chislo-validatorov-768x463.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of ETH on the Ethereum 2.0 deposit contract and number of validators. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=eth2.StakingTotalVolumeSum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"658\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1-1024x658.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163759\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1-1024x658.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1-300x193.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1-768x494.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-chisla-adresov-Ethereum-2.0-s-balansom-32-ETH-1.png 1038w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dial of Ethereum 2.0 addresses with 32 ETH or more. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=ETH%202.0&#038;m=addresses.Min32Count\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Since activation of EIP-1559, the deposit contract has added almost 5% more ETH, surpassing $9.27 million worth of ETH (about $25.37 billion).<\/li>\n<li>The number of validators on the Beacon Chain neared 290,000. Over the month, active participants in the Ethereum 2.0 ecosystem rose by 4.73%.<\/li>\n<li>As of 31 January, addresses with balance \u2265 32 ETH stood at 107,543, after a month of net change.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"570\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1-1024x570.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163761\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1-1024x570.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1-768x428.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CHislo-nod-i-kolichestvo-kanalov-seti-Lightning-Network-1.png 1318w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Number of nodes and channels on the Lightning Network. Data: <a href=\"https:\/\/studio.glassnode.com\/dashboards\/lightning-network\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-3-1024x581.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163762\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-3-1024x581.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-3-300x170.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-3-768x436.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-emkosti-seti-Lightning-Network-3.png 1300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Lightning Network capacity dynamics. Data: <a href=\"https:\/\/bitcoinvisuals.com\/ln-capacity\">Bitcoin Visuals<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Nodes and channels on the Bitcoin Lightning Network continued to grow: by month-end, nodes were up 6% and channels up 3%. December\u2019s pace was slower \u2014 2.31% and 2.26%, respectively.<\/li>\n<li>In December 2021 LN capacity slipped slightly, but January saw a rebound \u2014 capacity rose 2.5% to 3388 BTC.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Mining, hash rate, commissions<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-11-1024x471.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163764\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-11-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-11-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-11-768x353.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-heshrejta-bitkoina-s-nachala-goda-EH-s.-Dannye-Glassnode.-11.png 1303w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Bitcoin hash rate dynamics, EH\/s. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;ema=0&#038;m=mining.HashRateMean&#038;mAvg=7&#038;mMedian=0&#038;s=1609705350&#038;u=1641241350&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"749\" height=\"485\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.02.2022..png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163765\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.02.2022..png 749w, https:\/\/u1f987.com\/wp-content\/uploads\/Krupnejshie-puly-po-dobyche-bitkoina.-Dannye-BTC.com-po-sostoyaniyu-na-1.02.2022.-300x194.png 300w\" sizes=\"auto, (max-width: 749px) 100vw, 749px\" \/><figcaption class=\"wp-element-caption\">Largest mining pools by Bitcoin hash rate. Data: <a href=\"https:\/\/btc.com\/stats\/pool?pool_mode=month\">BTC.com<\/a> (as of 1.02.2022).<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Despite the downtrend, Bitcoin hash rate rose 5.33% in January (7-day moving average).<\/li>\n<li>Mid-January saw the total network hashrate approach a historical high, close to 200 EH\/s.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1009\" height=\"543\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Slozhnost.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163766\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Slozhnost.png 1009w, https:\/\/u1f987.com\/wp-content\/uploads\/Slozhnost-300x161.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Slozhnost-768x413.png 768w\" sizes=\"auto, (max-width: 1009px) 100vw, 1009px\" \/><figcaption class=\"wp-element-caption\">Bitcoin mining difficulty. Data: <a href=\"https:\/\/charts.coinmetrics.io\/network-data\/\">Coin Metrics<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>Foundry, a US-based pool, led hash-rate share.<\/li>\n<li>Mining difficulty rose by 9.77% in January.<\/li>\n<li>The rise in hash rate and difficulty points to expanding global mining capacity and a full rebound from China\u2019s &#8216;Great Migration&#8217; of miners, as well as market participants\u2019 confidence in Bitcoin\u2019s long-term prospects.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"893\" height=\"429\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-8.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163768\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-8.png 893w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-8-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-bitkoin-majnerov-po-mesyatsam-mln-1-8-768x369.png 768w\" sizes=\"auto, (max-width: 893px) 100vw, 893px\" \/><figcaption class=\"wp-element-caption\">Bitcoin miners\u2019 monthly revenues, $m. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1609924644&#038;u=1641460644&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"432\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-6.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163770\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-6.png 770w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-6-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dohody-Ethereum-majnerov-po-mesyatsam-mln-.-Dannye-Glassnode-6-768x431.png 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><figcaption class=\"wp-element-caption\">Ethereum miners\u2019 monthly revenues, $m. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1635930245&#038;u=1643706245&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Bitcoin miners\u2019 revenues continued to fall: January receipts dropped 15% to $1.21 billion.<\/li>\n<li>The share of mining revenues from fees dropped to a record low \u2014 1.15% or $13.9 million.<\/li>\n<li>Ethereum miners earned $2.62 billion in January (down 7% versus December).<\/li>\n<li>Ethereum miner fees exceeded revenue from mined blocks \u2014 $1.33 billion vs $1.28 billion. This underscores the ongoing scalability concerns for Ethereum.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"998\" height=\"596\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-6.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163772\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-6.png 998w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-6-300x179.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-srednej-komissii-za-BTC-i-ETH-tranzaktsiyu.-Dannye-Glassnode.-6-768x459.png 768w\" sizes=\"auto, (max-width: 998px) 100vw, 998px\" \/><figcaption class=\"wp-element-caption\">Dynamics of average BTC- and ETH-transaction fees. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=fees.VolumeMean&#038;s=1609873629&#038;u=1641409629&#038;zoom=365\">Glassnode<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>In January, Ethereum gas costs rose again \u2014 on 10 January, the average fee crossed $50.<\/li>\n<li>The corresponding BTC fee in January did not exceed $3. Such low fees reflect low on-chain activity amid a falling market and the Taproot upgrade activated in November<\/a>.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Trading volumes<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot-1024x565.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163774\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot-1024x565.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot-300x166.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot-768x424.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot-1536x848.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/obem-spot.png 1703w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trading volume on leading spot exchanges, $billion. Data: <a href=\"https:\/\/www.theblockcrypto.com\/data\/crypto-markets\/spot\">The Block<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>January\u2019s total spot trading volume stood at $986 billion.<\/li>\n<li>Binance led with $495 billion, OKX with $128 billion, and Coinbase with $118 billion.<\/li>\n<li>The Huobi share fell by almost 40% after Chinese investors exited. Meanwhile, KuCoin\u2019s volumes surpassed $50 billion for the second straight month, well above last year\u2019s averages by roughly 500%.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">Futures and options<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12-1024x563.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163776\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12-1024x563.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12-768x422.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12-1536x844.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/fyuchersy-12.png 1737w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily futures volume for Bitcoin and Ether, $tln. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=derivatives.FuturesVolumeDailySum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"747\" height=\"329\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/likvidatsii-fyuchersy.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163777\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/likvidatsii-fyuchersy.png 747w, https:\/\/u1f987.com\/wp-content\/uploads\/likvidatsii-fyuchersy-300x132.png 300w\" sizes=\"auto, (max-width: 747px) 100vw, 747px\" \/><figcaption class=\"wp-element-caption\">Daily liquidations of Bitcoin futures, $m. Data: <a href=\"https:\/\/coinalyze.net\/futures-data\/global-charts\/\">Coinalyze<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12-1024x573.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163778\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12-1024x573.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12-300x168.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12-768x430.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12-1536x860.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/optsiony-12.png 1729w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trading volume of Bitcoin and Ethereum options, $billion. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;m=derivatives.OptionsVolumeDailySum\">Glassnode<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Overall futures trading volume for Bitcoin remained flat at around $1.51 trillion. For Ethereum, activity has been softer for several months (around $0.76 trillion, a post-summer low).<\/li>\n<li>The first major blockbuster of liquidations occurred on 5 January when Bitcoin tested a local low near $42,000. The record came on 21 January when price briefly fell below $33,000 and total liquidations exceeded $1 billion.<\/li>\n<li>Bitcoin options trading volume reached $21.8 billion in January, reflecting investor interest in this derivative.<\/li>\n<li>Ethereum options traded $15.8 billion.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">DeFi<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-5-1024x578.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163784\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-5-1024x578.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-5-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-5-768x433.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-stoimosti-sredstv-zablokirovannyh-v-DeFi-sektore-5.png 1221w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamic value of assets locked in the DeFi sector. Data: <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"854\" height=\"461\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv-1.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163785\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv-1.png 854w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv-1-300x162.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-ekosistem-po-stoimosti-zablokirovannyh-sredstv-1-768x415.png 768w\" sizes=\"auto, (max-width: 854px) 100vw, 854px\" \/><figcaption class=\"wp-element-caption\">Top ecosystems by the value of blocked assets, $bn. Data: <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In January, total TVL in DeFi fell 22% to $188.61 billion.<\/li>\n<li>The Ethereum ecosystem remains dominant. 27 January saw a sharp ETH-denominated TVL peak \u2014 43.42 million ETH. However, the dollar TVL fell 24% to $118.51 billion as prices declined.<\/li>\n<li>Among the largest ecosystems, Fantom bucked the trend with a 76% rise to $9.36 billion.<\/li>\n<li>Fantoms around 1) stimulus program of 370 million FTM (~$777 million); 2) numerous integrations; and 3) growing interest in Solidly (announced by Andre Cronje and the Abracadabra founder Daniele Sestagalli) contributed to the rise. Projects can win Fantom Grants if their TVL stays above $1 million for two months; grant size tied to locked liquidity.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"773\" height=\"544\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-20-DeFi-2.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163786\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-20-DeFi-2.png 773w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-20-DeFi-2-300x211.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-20-DeFi-2-768x540.png 768w\" sizes=\"auto, (max-width: 773px) 100vw, 773px\" \/><figcaption class=\"wp-element-caption\">Top-20 DeFi coins by market cap. Data: <a href=\"https:\/\/messari.io\/screener\/defi-assets-(copy)-563C5306\">Messari<\/a> (as of 01.02.2022).<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"891\" height=\"613\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-4.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163787\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-4.png 891w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-4-300x206.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Top-5-DeFi-proektov-na-baze-Ethereum-po-stoimosti-zablokirovannyh-sredstv-4-768x528.png 768w\" sizes=\"auto, (max-width: 891px) 100vw, 891px\" \/><figcaption class=\"wp-element-caption\">Top-5 DeFi projects on Ethereum by value locked, $bn. Data: <a href=\"https:\/\/defillama.com\/chain\/Ethereum\">DeFi Llama<\/a> (as of 01.02.2022.)<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>The DeFi sector\u2019s tokens lagged the market; all top-20 assets traded red for the month.<\/li>\n<li>The Abracadabra Spell Token (SPELL) suffered the steepest decline amid the Wonderland controversy\u2014down more than 70%.<\/li>\n<li>The incident also weighed on Terra\u2019s LUNA and SushiSwap\u2019s SUSHI. The latter fell by about 52% as the DEX\u2019s governance entity Frog Nation is part of Wonderland.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"575\" height=\"388\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-6.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163788\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-6.png 575w, https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-osnovnym-sektoram-DeFi-ekosistemy-na-baze-Ethereum-6-300x202.png 300w\" sizes=\"auto, (max-width: 575px) 100vw, 575px\" \/><figcaption class=\"wp-element-caption\">TVL by main DeFi sectors on Ethereum. Data: <a href=\"https:\/\/defipulse.com\/\">DeFi Pulse<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"867\" height=\"465\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-4.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163789\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-4.png 867w, https:\/\/u1f987.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-4-300x161.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Kapitalizatsiya-populyarnyh-bitkoinov-na-Ethereum-4-768x412.png 768w\" sizes=\"auto, (max-width: 867px) 100vw, 867px\" \/><figcaption class=\"wp-element-caption\">Capitalisation of popular &#8216;Bitcoin on Ethereum&#8217; tokens, $bn. Data: <a href=\"https:\/\/defipulse.com\/btc\">DeFi Pulse<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>In January, the lending-focused sector continued to dominate the Ethereum ecosystem \u2014 lending protocols accounted for 45% of total TVL.<\/li>\n<li>For the month, the combined market cap of \u2018BTC on Ethereum\u2019 tokens stood at $12.96 billion. Over the last 30 days, the figure fell by 18%.<\/li>\n<li>WBTC remained the undisputed leader of the segment with a market cap of $10.31 billion (dominance index of about 80%).<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"636\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-1024x636.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163790\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-1024x636.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-768x477.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2.png 1160w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Dynamics of daily transactions in Polygon, Ethereum, Binance Smart Chain and Avalanche ecosystems. Data: <a href=\"https:\/\/polygonscan.com\/chart\/tx\">PolygonScan<\/a>, <a href=\"https:\/\/etherscan.io\/chart\/tx\">Etherscan<\/a>, <a href=\"https:\/\/bscscan.com\/chart\/tx\">BscScan<\/a>, <a href=\"https:\/\/snowtrace.io\/chart\/tx\">SnowTrace<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"636\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-1024x636.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163790\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-1024x636.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2-768x477.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dinamika-dnevnogo-chisla-tranzaktsij-v-ekosistemah-Polygon-Ethereum-Binance-Smart-Chain-i-Avalanche-2.png 1160w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily transaction counts in Polygon and Ethereum ecosystems. Data: <a href=\"https:\/\/polygonscan.com\/chart\/tx\">PolygonScan<\/a>, <a href=\"https:\/\/etherscan.io\/chart\/tx\">Etherscan<\/a>, <a href=\"https:\/\/bscscan.com\/chart\/tx\">BscScan<\/a>, <a href=\"https:\/\/snowtrace.io\/chart\/tx\">SnowTrace<\/a>.<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>Average daily transactions in Polygon and Ethereum networks barely changed from December 2021. In Binance Smart Chain activity slowed more \u2014 up to 41% monthly drop (from 8,760,298 to 6,196,672).<\/li>\n<li>Average operations on Avalanche rose by 12.5% (from 673,223 to 769,164). Notably, 1inch Network\u2019s integration helped lift activity.<\/li>\n<\/ul>\n<\/div>\n<h2 class=\"wp-block-heading\">DEX and L2<\/h2>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17-1024x534.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163792\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17-1024x534.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17-768x401.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17-1536x802.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/DEX-17.png 1711w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trading volume on Ethereum DEXes, $bn. Data: <a href=\"https:\/\/duneanalytics.com\/hagaetc\/dex-metrics\">Dune Analytics<\/a>.<\/figcaption><\/figure>\n<ul class=\"wp-block-list\">\n<li>The popularity of Ethereum-based DEXes remains, with DEX activity not falling as fast as spot-market volumes.<\/li>\n<li>The aggregate TVL across protocols surpassed $100 billion. Uniswap remains the leader with $71.8 billion, followed by SushiSwap ($9.88bn) and Curve ($8bn).<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-two-halves-wrapper reviews_has_halves\">\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"392\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-L2-protokolam-v-seti-Ethereum.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163793\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-L2-protokolam-v-seti-Ethereum.png 690w, https:\/\/u1f987.com\/wp-content\/uploads\/TVL-po-L2-protokolam-v-seti-Ethereum-300x170.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><figcaption class=\"wp-element-caption\">TVL in L2 protocols on Ethereum, in USD and ETH. Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-monthly-reviews-half review_half\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"898\" height=\"848\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/l2-4.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" class=\"wp-image-163794\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/l2-4.png 898w, https:\/\/u1f987.com\/wp-content\/uploads\/l2-4-300x283.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/l2-4-768x725.png 768w\" sizes=\"auto, (max-width: 898px) 100vw, 898px\" \/><\/figure>\n<\/div>\n<\/div>\n<ul class=\"wp-block-list\">\n<li>There is notable demand for Ethereum L2 solutions; TVL across these protocols surpassed 2 million ETH for the first time, with users locking in 514,208 ETH (25% of total liquidity) for the month.<\/li>\n<li>Due to the ETH price correction in USD terms, the TVL change was roughly flat at about $5.59 billion.<\/li>\n<li>The leader in the segment is Arbitrum, accounting for over 51% of TVL ($2.88 billion). Second is dYdX with $961 million.<\/li>\n<li>A newcomer to the rankings is <em>Metis Andromeda<\/em>. TVL rose 33% during the month to $395 million, helped by rising METIS token and multiple integrations; Beefy Finance and Pickle recently added support to the new network.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$500m<\/strong><\/p>\n<p>Crypto custody provider <em>Fireblocks<\/em> in a Series E round, valuing the company at $8 billion. Round led by D1 Capital Partners and Spark Capital.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$400m<\/strong><\/p>\n<p>Exchange <em>FTX<\/em> in a Series C round. Valuation of the platform reached $32 billion.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$400m<\/strong><\/p>\n<p><em>FTX US<\/em> in a Series A round. Valuation at $8 billion.<\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$358.9m<\/strong><\/p>\n<p>Animoca Brands, a developer of NFT games. Round led by Liberty City Ventures; company valued at $5 billion prior to the round.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$300m<\/strong><\/p>\n<p>NFT marketplace <em>OpenSea<\/em> in a Series C round. Platform valued at $13.3 billion.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$150m<\/strong><\/p>\n<p>team <em>Near Protocol<\/em>.<\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-thirds-wrapper reviews_has_thirds\">\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<p style=\"font-size:24px\"><strong>$110m<\/strong><\/p>\n<p>Crypto data provider <em>Lukka<\/em>, Series E. Company valued at $1.3 billion.<\/p>\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<\/div>\n<div class=\"wp-block-monthly-reviews-third review_third\">\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Regulation<\/h2>\n<div class=\"review_single_blk has_region\">\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-full wp-image-81141\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Frame-1.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" width=\"106\" height=\"80\"><\/p>\n<p>In a report on cryptocurrencies, Russia\u2019s central bank proposed banning their circulation and mining. The regulator\u2019s statement provoked significant reaction among users and lawmakers. President Vladimir Putin commented on the situation. Here is the chronology:\n<\/p><\/div>\n<div class=\"or_custom_dex review_timelines nobg onecol\">\n<div class=\"review_single_timeline_blk first\">\n<div class=\"timeline_axis\"><\/div>\n<div class=\"timeline_tooltip\" data-num=\"1\"><strong>20 January<\/strong>The Bank of Russia released the report \u201cRisks of cryptocurrencies and possible regulatory measures\u201d and proposed <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-proposes-ban-on-issuance-circulation-and-mining-of-cryptocurrencies-in-russia\">banning<\/a> the circulation and mining of cryptocurrencies in Russia. Experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-banning-bitcoin-operations-in-russia-would-be-a-step-toward-the-countrys-hopeless-technological-lag\">called<\/a> this initiative \u201ca step toward the country\u2019s hopeless lag.\u201d<\/div>\n<div class=\"timeline_tooltip right\" data-num=\"2\"><strong>21-22 January<\/strong><\/p>\n<ul>\n<li>The Deputy Chair of the State Duma Finance Committee Anatoly Aksakov said there was <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-no-consensus-on-cryptocurrencies-in-the-state-duma-yet-it-will-take-at-least-six-months\">no consensus<\/a> on cryptocurrencies within the Duma.<\/li>\n<li> Telegram founder Pavel Durov <a href=\"https:\/\/u1f987.com\/en\/news\/pavel-durov-criticises-bank-of-russia-proposal-to-ban-cryptocurrencies-and-mining\">stated<\/a> that the regulator\u2019s plan would push IT professionals to leave the country and damage high-tech sectors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"timeline_tooltip\" data-num=\"3\"><strong>24 January<\/strong>In the State Duma, <a href=\"https:\/\/u1f987.com\/en\/news\/duma-members-warn-that-the-central-banks-stance-on-cryptocurrencies-risks-turning-russia-into-a-laughing-stock\">they stated<\/a> that the Central Bank\u2019s position risks turning Russia into a laughing stock, and none of the working group members supports the ban.<\/div>\n<div class=\"timeline_tooltip right\" data-num=\"4\"><strong>25 January<\/strong><\/p>\n<ul>\n<li>Ministry of Finance <a href=\"https:\/\/u1f987.com\/en\/news\/russian-finance-ministry-opposes-a-ban-on-cryptocurrencies\">opposed<\/a> banning digital assets.<\/li>\n<li>Anatoly Aksakov <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-russias-mining-fate-and-bitcoin-exchanges-require-debate\">said<\/a> a balanced approach to legalising crypto circulation and mining could raise billions in tax revenue. He also <a href=\"https:\/\/u1f987.com\/en\/news\/state-duma-does-not-rule-out-experimental-legalization-of-bitcoin\">proposed<\/a> legalising cryptocurrencies under a pilot regulatory regime to test the infrastructure under strict supervision.<\/li>\n<li>Deputy Chair of the State Duma Security Committee Andrey Lugovoy <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-regulation-in-russia-forecast-to-be-in-place-by-end-2023\">predicted<\/a> that crypto regulation in Russia would be <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-regulation-in-russia-forecast-to-be-in-place-by-end-2023\">approved<\/a> by the end of 2023.<\/li>\n<\/ul>\n<\/div>\n<div class=\"timeline_tooltip\" data-num=\"5\"><strong>26 January<\/strong><\/p>\n<ul>\n<li>In the Bank of Russia, officials <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-labels-bitcoin-purchases-as-capital-outflows-from-the-economy\">insisted<\/a> that the initiative is aimed at preventing capital flight into the \u201cbad economy.\u201d<\/li>\n<li>President Putin <a href=\"https:\/\/u1f987.com\/en\/news\/putin-urges-government-and-central-bank-to-align-on-cryptocurrency-regulation\">urged<\/a> authorities to find a compromise. He noted that the central bank is not opposing technological progress and is actively adopting digital technologies. He said Russia has competitive advantages in mining \u2014 an energy surplus and well-trained personnel.<\/li>\n<li>Head of the Republic of Tatarstan\u2019s Ministry of Digital Development Ayat Khaireullin <a href=\"https:\/\/u1f987.com\/en\/news\/kazan-proposed-as-a-pilot-zone-for-regulating-cryptocurrencies\">proposed<\/a> making Kazan a pilot zone to test crypto-market regulation in Russia.<\/li>\n<\/ul>\n<\/div>\n<div class=\"timeline_tooltip\" data-num=\"6\"><strong>27 January<\/strong><\/p>\n<ul>\n<li>Finance Ministry <a href=\"https:\/\/u1f987.com\/en\/news\/finance-ministry-unveils-plan-to-regulate-cryptocurrencies-in-russia-instead-of-banning-them\">proposed<\/a> its own regulatory concept, which envisions handling digital-asset operations through banks, full user identification, and transaction tracing. Oversight would be carried out on a banking infrastructure basis.<\/li>\n<li>a VTsIOM poll of 1,600 Russians over 18 showed one third <a href=\"https:\/\/u1f987.com\/en\/news\/a-third-of-russians-polled-by-vciom-back-bitcoin-ban\">supported<\/a> banning cryptocurrencies.<\/li>\n<li>FSB was <a href=\"https:\/\/u1f987.com\/en\/news\/rosfinmonitoring-backs-the-ministry-of-finances-stance-on-bitcoin-regulation-in-russia\">in agreement<\/a> with the Finance Ministry\u2019s stance, but the central bank <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-flags-concerns-over-finance-ministrys-cryptocurrency-regulation-concept\">disagreed<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class=\"timeline_tooltip\" data-num=\"7\"><strong>28 January<\/strong><\/p>\n<ul>\n<li>Lugovoy said a bill requiring investors to pass suitability tests for crypto trades above 600,000 rubles per year and supplying miners with electricity at corporate rates would be introduced. The government is also drafting amendments to the Tax Code to regulate crypto reporting.<\/li>\n<li>The central bank <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-flags-risks-from-legalising-crypto-mining\">saw<\/a> additional risks from legalising mining \u2014 heightened demand for crypto operation infrastructure and potential harm to the energy sector and the environment.<\/li>\n<li>Deputy Security Council Chair Dmitry Medvedev said the central bank\u2019s stance on Bitcoin is reasonable, but attempts to ban crypto could backfire.<\/li>\n<li>The Bank of Russia <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-says-declaring-cryptocurrency-holdings-would-be-mandatory-even-if-a-ban-is-imposed\">called<\/a> for obligatory crypto declaration in the event of a ban. <i>\u201cWhen selling digital currencies on foreign exchanges, citizens should remember to report to Russian banks.\u201d<\/i><\/li>\n<li>In the Ministry for Digital Development, Russia <a href=\"https:\/\/u1f987.com\/en\/news\/russias-ministry-of-digital-development-says-a-bitcoin-ban-would-be-a-blow-to-the-it-industry\">stated<\/a> that restricting crypto circulation runs counter to IT sector support policies.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<p>28 January media also <a href=\"https:\/\/u1f987.com\/en\/news\/media-russia-approves-roadmap-for-cryptocurrency-regulation-through-the-end-of-2022\">reported<\/a> that Deputy Prime Minister Dmitry Chernyshenko approved a roadmap for crypto market regulation by end-2022 in line with FATF standards. The government document envisages:<br \/>\n<\/p>\n<ul class=\"wp-block-list\">\n<li>defining market participants\u2019 status and the rules governing their activities, and appointing a regulator;<\/li>\n<li>developing a mechanism for registering and reporting organisations that handle virtual assets in Russia;<\/li>\n<li>introducing administrative or criminal liability for crimes involving crypto, including illegal turnover and non-declaration of operations;<\/li>\n<li>creating a mechanism to verify the accuracy of information about crypto ownership;<\/li>\n<li>mandatory registration of crypto platforms in Russia similar to online businesses.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-monthly-reviews-main-blk review_single_blk\">\n<p>1 February brought news that Chernyshenko <a href=\"https:\/\/u1f987.com\/en\/news\/media-russian-government-orders-mining-to-be-included-in-cryptocurrency-regulation-roadmap\">instructed<\/a> to include in the regulation roadmap questions related to the legal status of mining.<\/p>\n<\/div>\n<div class=\"review_single_blk has_map review_2_map\">\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Group-2644-17.png\" alt=\"January 2022 in numbers: NFT boom despite crypto slump, Fantom strengthens, and FTX\u2019s rally to $32B\" width=\"2350\" height=\"1182\"><\/p>\n<div class=\"country_blk\" data-blk=\"1\" style=\"text-align: left\">\n<strong>USA<\/strong><\/p>\n<ul>\n<li>The Treasury will again <a href=\"https:\/\/u1f987.com\/en\/news\/us-treasury-to-revisit-proposal-for-verifying-users-of-non-custodial-cryptocurrency-wallets\">consider<\/a> verifications of non-custodial wallet users.<\/li>\n<li>SEC pledged to <a href=\"https:\/\/u1f987.com\/en\/news\/sec-pledges-tougher-oversight-of-bitcoin-exchanges\">heighten<\/a> oversight of crypto exchanges.<\/li>\n<li>Media <a href=\"https:\/\/u1f987.com\/en\/news\/white-house-plans-to-accelerate-crypto-regulation-journalists-report\">revealed<\/a> White House plans to accelerate crypto regulation.<\/li>\n<li>Congress <a href=\"https:\/\/u1f987.com\/en\/news\/us-congress-scrutinises-minings-impact-on-energy-use\">expressed concern<\/a> about mining\u2019s impact on energy consumption.<\/li>\n<\/ul>\n<\/div>\n<div class=\"country_blk\" data-blk=\"2\">The Bank of Laos <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-laos-grants-first-licences-to-local-bitcoin-exchanges\">issued<\/a> the first licenses to local Bitcoin exchanges.<\/div>\n<div class=\"country_blk\" data-blk=\"3\">Prime Minister of India <a href=\"https:\/\/u1f987.com\/en\/news\/indian-prime-minister-calls-for-a-unified-approach-to-cryptocurrency-regulation\">called for<\/a> a unified approach to crypto regulation.<\/div>\n<div class=\"country_blk\" data-blk=\"4\">Authorities in the United Kingdom <a href=\"https:\/\/u1f987.com\/en\/news\/uk-authorities-tighten-rules-on-cryptocurrency-advertising\">will tighten<\/a> crypto advertising rules.<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Top events of the month<\/h2>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Twitter-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/twitter-adds-nft-profile-picture-verification\">Twitter adds NFT verification feature<\/a><\/strong><\/div>\n<p>Twitter introduced the option to attach NFT-based avatars as profile pictures. In the first phase, the feature is available to Twitter Blue subscribers after linking an Ethereum wallet to their account on iOS devices.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Binance_Smart_Chain-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/binance-reveals-names-of-new-directors-in-russia-and-ukraine\">Binance reveals names of new directors in Russia and Ukraine<\/a><\/strong><\/div>\n<p>The crypto exchange Binance announced new appointments to bolster its presence in Russia and Ukraine.<\/p>\n<ul>\n<li>The GR director for Russia and the CIS will be Olga Goncharova, who previously headed the Regional Compliance and Reporting department at the Bank of Russia.<\/li>\n<li>Binance\u2019s Russia chief will be Vladimir Smerkis, former co-founder of Tokenbox and the Definition blockchain developer community.<\/li>\n<li>In Ukraine, Kirill Khomyakov will be the general manager. He previously led business development in Ukraine and Europe for the financial-services provider Fiserv and headed Ukraine\u2019s State Agency for Infrastructure Projects.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews_has_halves stretch has_articles\">\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocom_NFT-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/analysts-report-crypto-com-hack-company-denies-loss-of-funds\">Hackers stole $34m from Crypto.com<\/a><\/strong><\/div>\n<p>On 17 January Crypto.com paused withdrawals amid suspicious activity. An analysis suggested a hack worth more than 4800 ETH or $15m, though the company disputed this. Later on\u2011chain investigators found another 444 BTC on attacker wallets. A few days later the exchange disclosed losses and the full figure \u2014 4836.26 ETH, 443.93 BTC and around $66,200 in other currencies. Total damage estimated near $34 million. The report indicated around 483 users were affected and have been fully compensated.<\/p>\n<\/div>\n<\/div>\n<div class=\"review_half\">\n<div class=\"review_article_blk\">\n<div class=\"review_article_image\" style=\"background-image: url(https:\/\/u1f987.com\/wp-content\/uploads\/Russia_crypto_ban-min.png);\"><strong><a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-proposes-ban-on-issuance-circulation-and-mining-of-cryptocurrencies-in-russia\">Bank of Russia proposed banning circulation and mining of cryptocurrencies in Russia<\/a><\/strong><\/div>\n<p>The BoR published a report \u201cCryptocurrencies: trends, risks, and measures,\u201d proposing:<\/p>\n<ul>\n<li>to establish penalties for using crypto as a means of payment for goods and services;<\/li>\n<li>to ban investment by financial institutions in cryptocurrencies and related financial instruments, as well as using Russia\u2019s financial infrastructure to conduct crypto transactions.<\/li>\n<\/ul>\n<p>The ban on owning digital assets is not proposed, nor is the use of foreign infrastructure for their purchase.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In January, cryptocurrencies and the stock market fell as the Fed signalled a tighter policy, and geopolitical tensions rose. Nevertheless, NFT trading on OpenSea approached a record $5 billion, and the company was valued at $13.3 billion. This monthly report breaks down the main on\u2011chain metrics and DeFi dynamics.<\/p>\n","protected":false},"author":1,"featured_media":57064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"4","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1740],"class_list":["post-57063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-bitcoin-industry-in-numbers"],"aioseo_notices":[],"amp_enabled":true,"views":"83","promo_type":"1","layout_type":"4","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57063"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57063\/revisions"}],"predecessor-version":[{"id":57065,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57063\/revisions\/57065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57064"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}