Century-old dictionary Collins just announced the word of 2021 last week. The world has witnessed the rise of blockchain. Obviously not a new technology, blockchain however is often mentioned together with some negative terms such as money laundering, opportunist, scam and fraud. It takes years for more of us to finally understand this very technology is the imminent future. Back to the list of Collins Dictionary, non-fungible token or NFT is the final winner by beating its “peers”: metaverse and crypto. Sadly, GameFi did not make the list but you have a reason to understand what GameFi is. It is heavily interwoven with NFTs and the concept of the Metaverse.

Crypto pundits have warned investors on media coverage that the ongoing bearish markets could linger for quite a long time. Again, it does not mean you cannot earn a profit during this period of time. Investors just need to be more cautious. Here are a few indexes, often called on-chain analysis you should look into before pouring more into crypto during this time.

Chainanalysis published a report saying that the number of decentralized exchanges(DEX) is growing faster than “any other type of cryptocurrency exchange.” The DEXs has doubled to around 205 from Q1 2019 to Q3 2021 while the still popular CEXs has only risen 20% to 120. Everyone in the circle senses that DEXs have gained a lot of popularity in recent years. The respective 24H trade volume on top three DEXs, Uniswap, dYdX and PancakeSwap are comparable to the prominent CEXs, such as FTX, Coinbase and Kraken. We know that CEXs and DEXs take different approaches to buying and selling digital assets. However, they do share a lot of similarities. Both of them offer order books (AMM for DEXs), a trading venue, a matching system and security functions. A DEX works as a dApp on a blockchain though and users don’t rely on intermediary organization. The orders solely depend on self-executing smart contracts. DEXs are under a non-custodial framework which means users need to take care of their wallets and private keys themselves. It sounds pretty risky but there are multiple reasons behind the DeFi frenzy.

The concept of a DAO challenges the traditional norms and revolutionizes our ways of life. It is still in early development but more and more DAOs have been founded with various purposes. Before you jump to comment on DAOs future workabilities, you’d better know how many kinds are there for now.

Story Starts from a Quarrel among Super Rich Guys…One of the biggest news stories in the crypto circle this week: technology entrepreneurs are feuding about Web3 or Web3.0. Tesla’s Elon Musk, Twitter’s Jack Dorsey, Coinbase’s Brian Armstrong and Gemini’s Tyler Winklevoss were all down in the battlefield and even led to an unfollowing spree on social media. Forget about what they argued. What is the new-age internet, WEB3 all about?

“Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.”