According to Sister Mu’s Ark Investment Report, public chains gain momentum amid the crisis. In 2022, contagious thunderstorms from Terra/LUNA, Three Arrows Capital, Celsius, and FTX/Alameda swallowed up approximately $1.5 trillion in cryptocurrency market capital.

Despite the severe recession, public blockchains continue to revolutionize currency, finance, and the Internet. The long-term opportunities for Bitcoin, DeFi and Web3 are still growing.

Cryptocurrencies and smart contracts could achieve market values ​​of $20 trillion and $5 trillion respectively over the next decade. #crypto2023 #DeFi #Web3 #bitcon