It’s bizarre to assume that anybody may look ahead to downturns within the crypto market, however that’s exactly the place held by many builders and mission creators who benefit from the low-pressure setting that exists throughout a bear market. 

Because the saying goes, bear markets are for constructing, and now is without doubt one of the greatest instances to survey the panorama to see which sectors of the market are most lively in designing the platforms that can soar to new heights within the subsequent bull cycle.

Right here’s a have a look at 5 sectors of the blockchain ecosystem that will current among the greatest alternatives for accumulation whereas costs are low and demand is non-existent.

Layer-1 protocols

Layer-1 (L1) protocols like Bitcoin (BTC) and Ethereum (ETH) kind the inspiration that a lot of the cryptocurrency ecosystem is constructed upon and allow many of the different sectors of the market to exist.

That being mentioned, at present, there are usually not many choices out there for launching different protocols on the Bitcoin community and Ethereum has well-known limitations by way of scalability, which might result in excessive transaction prices and gradual processing instances.

On account of these elements, there stays a big alternative for different L1 protocols to ascertain themselves and carve out a great slice of market share. The overall income generated by a protocol is one metric that can be utilized to find out which networks see essentially the most utilization.

Cumulative complete income for the highest L1 chains over the previous 180 days. Supply: Token Terminal

According to knowledge from Token Terminal, the highest 5 L1 protocols by way of complete income over the previous 180 days, excluding Bitcoin and Ethereum, are BNB Good Chain (BNB), Avalanche (AVAX), Helium (HNT), Fantom (FTM) and Solana (SOL).

Layer-2 protocols

As talked about above, the Ethereum community has limitations by way of scalability that gained’t be solved through the upcoming Merge, leaving a gap for layer-2 protocols to fill the necessity by serving to to cut back the exercise that happens straight on the Ethereum blockchain.

In response to L2Beat, which tracks the stats on the highest Ethereum L2s, Arbitrum is ranked primary by way of complete worth locked (TVL), adopted by Optimism and dYdX.

High 8 L2 networks by complete worth locked. Supply: L2Beat

One community that was curiously left off the listing supplied by L2Beat, however stays essentially the most extremely adopted L2 by way of lively wallets and protocols launched is Polygon (MATIC), which at present has a TVL of $1.59 billion, according to knowledge from DefiLlama.

As for the Bitcoin community, the primary L2 answer that’s at present seeing elevated inflows is the Lightning community, however there is no such thing as a token concerned with the protocol. As an alternative, customers can choose to run a node in the event that they need to help the community in addition to earn passive earnings.


The gaming sector of the cryptocurrency ecosystem has confirmed to be one of many extra resilient by way of maintaining customers engaged through the present crypto winter.

The emergence of play-to-earn video games like Axie Infinity (AXS) helped shine a highlight on the chances of blockchain-based gaming through the bull cycle of 2021 and has led to an offshoot of quite a few “-to-earn” sort protocols akin to move-to-earn and learn-to-earn.

Information from DappRadar shows that among the prime video games by way of lively customers embrace Alien Worlds, Splinterlands and Farmers World, all of which function on the WAX community whereas Axie Infinity is the highest recreation by way of the worth of property held in its sensible contract.

High six video games by way of at present lively customers. Supply: DappRadar

There are additionally a bunch of different video games which are nonetheless in improvement however however attracting lots of consideration, together with Illuvium and Aavegotchi, in addition to tokens that characterize gaming ecosystems akin to Enjin Coin (ENJ), Gala (GALA) and Extremely (UOS).

Social platforms

One sector of the cryptocurrency panorama that has but to essentially get established in a notable method however represents a great alternative to assist enhance adoption is social engagement platforms just like Twitter, Fb or Reddit.

Earlier entrance runners within the social media panorama embrace Steem and its community-driven offshoot Hive, however neither protocol has actually achieved widespread adoption so far.

Whereas no different protocols at present in operation have managed to crack the code that pulls lots of customers who keep engaged long-term, occasions within the wider world together with the continuing drama round Elon Musk’s buy of Twitter present that social media stays in want of an overtly accessible community-focused platform.

Associated: 34% of avid gamers need to use crypto within the Metaverse, regardless of the backlash

Metaverse and NFT launchpads

A last sector value maintaining a tally of attributable to its widespread attraction with mainstream society together with efforts which are already underway to combine it into day by day life is the Metaverse.

To assist simplify issues, th Metaverse is a digital actuality illustration of all the information and interactions that happen on the web, constructed on prime of blockchain know-how.

Whereas the idea of the Metaverse remains to be in its infancy, it’s a well-liked subject of dialog across the crypto sphere and is already attracting massive investments from among the most well-known and recognizable manufacturers on the planet.

Along with the Metaverse, platforms specializing in the creation and launch of nonfungible tokens (NFTs) are additionally value taking note of because the NFT sector has been proven to be well-liked with most people.

Among the most developed and adopted Metaverse and NFT platforms at present in operation embrace The Sandbox (SAND), which lately partnered with Playboy to launch a MetaMansion social recreation on the platform, in addition to Decentraland (MANA) and ApeCoin (APE).

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The views and opinions expressed listed below are solely these of the creator and don’t essentially mirror the views of Each funding and buying and selling transfer entails danger, you need to conduct your personal analysis when making a call.

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