In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets.

All chains have seen a rise in total value locked (TVL), from $18 billion at 2021 to $240 Billion in 2022. Due to so much liquidity, crypto lending has experienced significant growth, going from $60M at the start of 2021 up to $400M by January 2022.