# [[Messari]] Crypto Theses ### 2022 Version by [[Ryan Selkis]] [[messari-report-crypto-theses-for-2022.pdf]] https://messari.io/crypto-theses-for-2022 https://twitter.com/twobitidiot/status/1466438779196039175 https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf - The "Crypto Theses" has SHIPPED. - I spent the past month synthesizing everything that happened in crypto in 2021 + trends to watch in 2022. - 165 pages. 121 topics. 22 NFTs. ### The Fat Applications Thesis Crypto is going modular at an accelerating rate. Ethereum plans to rely on a roster of Layer 2 execution platforms like [[Optimism]], [[Arbitrum]], [[StarkWare]], and [[ZKSync]]. Ethereum competitors like [[Solana]] and [[Avalanche]] have developed formidable parallel DeFi layers and user bases. [[Cosmos]] has unlocked cross-chain communication, bringing its multi-chain IBC universe to life. And [[Polkadot]]’s parachain auctions have finally kicked off. In other words, the shift to a multichain future is here, and it’s created a massive opportunity for existing [[DeFi]] brands to extend to new ecosystems. An [[Ethereum]]-only strategy may not be viable for those hoping to capture most of crypto’s growth in coming years, when most basic transactions become uneconomical on Layer 1. When users end up on Layer 2’s or competitive Layer 1’s, the market for liquid, trusted financial services will reward multi-chain applications. ### Recommendation by [[Balaji Srinivasan]] https://twitter.com/balajis/status/1470244070253477889?t=FcOLHrhXrIJIXsdjX6S88Q&s=19 Pretty impressed with the level of effort that went into this. Web3 moves fast, but this 165 page magnum opus by @MessariCrypto is today's single best snapshot of the entire space. If you understand everything in here, you are up to speed. ![[20211213_121515.jpg]] ![[20211213_121516.jpg]] ![[20211213_121517.jpg]]