The year 2022 is already shaping up as a bear market year and this trend will probably not change. However, the Bankless financing platform is already starting to project which are the most promising projects for when the market turnaround occurs. In this sense, the platform released an optimistic opinion in its newsletter for subscribers. According to Bankless, the future is bright, especially for the gaming and second-tier applications sectors. In its newsletter, Bankless cites projects like Arbitrum, Optimism, Cosmos and other decentralized applications as a whole. In these sectors, the company sees enormous growth potential from 2023 onwards.
Second layer and decentralization
Firstly, Bankless cites that its analysts closely follow the trajectory of Ethereum sizing platforms. That is, those that provide the structure for the second largest blockchain on the market to carry out more transactions with less cost. According to Bankless, these platforms are expected to experience strong growth with the implementation of The Merge. The newsletter cites Arbitrum and Optimism (OP) solutions, with rumors that Arbitrum will potentially launch a token of its own. Next, Bankless puts Cosmos (ATOM) on its list of promising projects. The network is not a second layer, but allows for integration and interoperability between blockchains. “ATOM is ready to grow as it has several updates and projects lined up in the near future. A major update, due for release in January 2023, will strengthen and streamline network security,” the newsletter reads.
Potential in DeFi
Then Bankless puts the decentralized finance (DeFi) sector, but without naming a specific project. The newsletter states that the industry is expected to re-emerge by the end of this year or early 2023 as options and DeFi protocols for NFTs are expected to flourish. In fact, Bankless sees DeFi options trading as one of the most promising areas in this market. This structure allows the construction of more complex and new operations, expanding the ability to use DeFi. “One sector that appears to be gaining considerable momentum is option protocols. Benefiting from the increased capacity provided by second tiers, protocols such as Dopex, Lyra and Premia appear to grow in the near future as options become a more significant part of the cryptocurrency market structure.”
Games and Web3
Finally, the last sectors on the list with potential for growth in 2023 are social and cryptocurrency games from Web3 (GameFi). Bankless says Web3 social platforms will grow because they are resistant to censorship. In this regard, the company cites some applications and protocols to keep an eye on in the coming months. Examples on the list are gm.xyz and Lens, as well as the decentralized social media industry (called “DeSo” in the document). Basically, the industry consists of “first-tier applications specifically designed to host blockchain-based social applications.” As for the GameFi sector, the newsletter says the sector can serve as a platform to bring about widespread acceptance of NFTs, specifically highlighting the success of games like Axie Infinity, STEPN, and Sweatcoin.