Report shows Metaverse, the killer narrative of 2021, turned out to be the biggest loser in the crypto sector this year.
Metaverse Observes Drawdown Of 89% Over The Year 2022
As per the year-end report by Arcane Research, both the alternative layer 1s craze and the Metaverse hype of last year came crashing hard in 2022. Here is a chart that shows how some of the biggest narratives of 2021 performed this year: