As the year is about to end, a number of companies working in the crypto space have shared with Cryptonews.com their predictions for 2022.
To help you understand what some of the major players in the space see for the next year, we decided to take a look at what topics are trending among those who dare to speculate about the future.
1. Ethereum’s position to be solidified
Some insiders are optimistic about the future of the Ethereum (ETH) network, which has received its fair share of criticism this year due to prohibitively high transaction fees.
“We believe that once Ethereum transitions to [Proof-of-Stake – PoS], the drop in transaction fee on [Layer 1] will solidify Ethereum’s position as the go-to place for using DeFi applications,” Yenwen Feng, co-founder of the decentralized derivatives trading platform Perpetual Protocol, said.
Layer 1 refers to the Ethereum network itself, while Layer 2 refers to any chain built on top of the base chain, typically to make transactions faster and cheaper.
Also of the opinion that Ethereum’s position as a base layer will be solidified is Will Harborne, CEO & co-founder of decentralized finance (DeFi) platform DeversiFi, who said that 2022 will be the year in which Layer 2 chains built on Ethereum will reach “critical mass adoption” – and that they will surpass the base layer in terms of both total value locked (TVL) and volume.
2. Continued growth for play-to-earn games
A trend that has already taken off this year, and that several companies expect will continue to grow next year as well, is the boom of crypto-based play-to-earn games. Sometimes called GameFi, this is a sector of the crypto space that blends DeFi with gaming and the metaverse – all hot areas over the past year.
“Play2Earn or GameFi is where I see the most growth potential because it is the easiest way for over 1 million people to join the ecosystem within 1…
