Cardano 2022 Recap

2022 has been a year of real progress for the Cardano ecosystem. Some notable news includes:

• Impressive on-chain growth the number of native tokens, wallets, Plutus scripts, transactions, and delegated wallets all went up
• 50+ Cardano Summits hosted globally; you can read more about the summits here
• Cardano continued to place first or second in Github deployments
• The ecosystem saw the much expected Vasil hard fork upgrade go live
• They announced stablecoins with one already launched. You can read more about the various stablecoin offerings here
• The NFT sector saw impressive and sustained growth, which you can read about here
• Another successful Project Catalyst fund saw the community vote to fund valuable projects. For more info on project Catalyst you can read here
• IOG announced they would start working on Midnight, their privacy side chain. Read more here

And we covered all of these major developments in our outposts.

While there were many significant developments within the ecosystem, the value of ADA continued to decline along with the crypto sector.

So, what's in store for Cardano in the year 2023?

Looking ahead to 2023, I remain bullish on the fundamentals of the ecosystem. While this may not translate to a significant appreciation of the ADA token within the next calendar year, I think the sector will remain primarily depressed for the following year. A thriving ecosystem will have a longer-term upside. We have a lot to look forward to if we continue to see the NFT sector grow, stablecoins launch as planned, and the privacy side chain is rolled out timeously.

I also see 2023 as the year where RealFi, the Cardano term for projects working to solve real-world use cases with blockchain, comes to the fore. As an industry, we need to start genuinely showcasing what blockchain can enable, and real-world projects are a great way to restore trust in the technology.

Finally, with regulation clearly on the horizon and approaching fast, the very decentralized nature of Cardano will provide some insulation from the harshest of the regulatory clampdown.

What is for sure, 2023 will not be a boring year to be in Crypto or Cardano, and if you want to stay up to date with the latest news, then your best option is to follow Flagship to have the latest news interpreted and shared from across the industry each day. Personally, I look forward to another year as the Cardano Captain continuing to share the latest news and insight from the ecosystem.