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Top Trends 2022 - Cryptocurrency
By TechDogs Editorial Team

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Overview
While 2021 was a pivotal year that was full of surprises for the Cryptocurrency market, most of us want to know what 2022 has in store. Fret not; we are here with the top 5 Cryptocurrency trends that will help you ace the game in 2022.
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We have all heard of the term “cryptocurrencies” - we would genuinely be surprised if you haven’t! Cryptocurrencies have been in the news since the anonymous Satoshi Nakamoto created Bitcoin, a digital currency, in 2009. In the 13 years since Bitcoin was created, the world of Cryptocurrency has exploded into the spotlight.
The question arises – why does Cryptocurrency matter and what is its future? The end goal is to create a decentralized digital asset that can be used by anyone in the world for lightning-fast transactions, making it very appealing for both consumers and businesses alike. While we cannot tell you about the future of crypto, we informed you about the top trends in the world of Cryptocurrency last year, such as the growth of DeFi, adoption of 5G and improved tax regulations. Now, it’s time to quickly move to the top Cryptocurrency trends of 2022 that will help you ride this new-age financial wave. Read on!
Trend 1: Decentralized Finance (DeFi) Will Go A Long Way
If you’re a believer of the Cryptocurrency revolution, we’re sure you must have heard about Decentralized Finance, or DeFi, by now. As the name suggests, this decentralized infrastructure enables anyone in the world to lend, borrow or trade blockchain-based assets quickly without having to use a bank or a broker. Apart from the improved security, with DeFi, users can expect better efficiency, lower transaction fees and faster innovation in payments. That’s the power of DeFi for you!
DeFi will be a top Cryptocurrency trend in 2022 and beyond. That’s why Nils Gregersen, founder and CTO of Paycer UG, a DeFi and crypto service, said, “DeFi will be a thing in 2022. We have only seen the tip of the iceberg in terms of DeFi.” Even statistics agree – according to research by DeFi Pulse, the total value locked in DeFi has risen sharply from $9.3 billion in December 2019, to $92.3 billion in January 2022 – almost a rise of 100 times!
TechDogs’ Opinion: It is evident that DeFi will gain much more popularity in the near future. It will bring a plethora of opportunities to the financial sector and bring about a transparent and robust system that no single entity will control. Thanks to its decentralized nature, we hope to see more innovation in terms of financial products and services, that cannot exist within the existing traditional banking system. Soon, there will be a transitional period as businesses move from banks to DeFi infrastructure.
For businesses that plan on leveraging cryptocurrencies and a DeFi model, the focus in 2022 should be on building digital wallets and infrastructure that will support DeFi, to remove friction between traditional and DeFi portals and deliver a better user experience to institutional investors.
Trend 2: Cryptocurrencies Will Gain Momentum For B2B Payments
Imagine you are traveling abroad for a business meeting however your flight is delayed. You spend some time around the airport and drink some hot coffee till your flight is announced. However, once you land you realize you have forgotten your wallet at the coffee shop! Scary, right? What will you do now? In 2022, that won’t be a problem – thanks to the widespread adoption of Cryptocurrency!
As cryptocurrencies can be deployed over most digital payment platforms, they offer a much easier way of transaction compared to traditional cards or cash. From hot-dog stands in New York to ABRA's Bitcoin wallet that tracks the balance stored in different currencies – crypto is being adopted by various B2B brands and businesses to ease cross-border digital payments.
To validate the claim, stats show that by the end of Q2 2021, the global Cryptocurrency market was up over 880% from the previous year! It is evident from the numbers that more people will invest in and hold crypto for the first time in 2022. As more B2B merchants and businesses start accepting crypto as a mode of payment, it will drive people’s investment in Cryptocurrency assets even higher this year.
TechDogs’ Opinion: The main offering of cryptocurrencies is their ability to make quick and secure payments with almost zero transaction fees. We believe this will undoubtedly drive crypto adoption in 2022. More businesses will develop mobile applications to create an infrastructure where people can make or receive payments with cryptocurrencies in their daily commercial activities. This will create a more borderless and globalized economy, as well as curb financial inequalities by bringing in fast and secure financial services to the masses. Moreover, as this system will work without banks and intermediaries, this trend will have a huge say in how FinTech organizations move ahead this year.
Trend 3: 5G Will Continue To Rule The Crypto Space

5G has heavily impacted the Cryptocurrency market just as we predicted last year - and it will continue to do so in 2022. How, you ask? Here is your answer - 5G will offer a more unified and capable network for Cryptocurrency transactions between individuals and businesses. This 5G-enabled network will transact at a much faster pace than we are used to today. 5G will also help Cryptocurrency traders get real-time updates about price movement and fluctuations, offering a lag-free experience while trading with this volatile asset.
If we look at the stats, 5G technology will dominate across the globe by 2035, supporting a wide range of industries and potentially enabling $1.3 trillion worth of goods and services. This will include the Cryptocurrency market – perhaps even helping it become the primary source of digital transactions by the mid-2030s. 5G networks will enable data provenance and authenticity on blockchain networks, improving the overall security and decentralized nature of cryptocurrencies.
Moreover, 5G networks will enable the vision of Cryptocurrency leaders - a financial network made of digital wallets connected by the Internet. This, however, would require a massive expansion in Internet network bandwidth and hence, increased power consumption. 5G networks have the answers to some of these questions, as they can be up to 90% more energy efficient per traffic unit than 4G networks, according to a 5G energy efficiency study from Nokia and Telefonica.
TechDogs’ Opinion: Mobile applications for crypto trading and NFTs (non-fungible tokens) are gaining momentum each day. With 5G technology claiming to make networks about 100 times faster, Cryptocurrency trading APIs will work much more efficiently and with less latency, providing a seamless user experience. Moreover, 5G network integration will enable Cryptocurrency payments to be much faster as the payment will be validated quicker.
Another factor is that a lot of blockchain and Cryptocurrency projects are aimed at creating better applications and proofs-of-concept using emerging technologies, such as smart cities, smart homes, etc. Since most of them leverage a combination of IoT and blockchain technology in some way, using a high-bandwidth network such as 5G will be unavoidable. Most developers will work on transitioning their blockchain networks to be 5G compatible this year, allowing them to scale later when the project adoption grows.
Trend 4: Crypto Savings Account Will Continue To Stay
Do you have a savings account… of course, you do! We are not inquiring about your account details but does your savings account have high-interest rates, zero fees and robust biometric security? Surely not! However, crypto savings accounts are here to change that. In 2022, you can deposit your Cryptocurrency assets – from Bitcoin and Ethereum to stable coins and meme coins - into a crypto savings account and generate a high-yield passive income. Sounds interesting, right!
Owning Cryptocurrency allows users to earn yield on their Cryptocurrency assets through staking, which currently generates an estimated $9 billion worth of revenue annually. Moreover, once the Ethereum 2.0 network rolls out, this number will likely grow to $20 billion. This trend will be a great way for people to leverage their idle digital assets to earn passive income, something we will see a lot more of in 2022.
TechDogs’ Opinion: We believe that soon financial platforms will offer crypto users the chance to set up a digital savings account with their digital assets quickly. This will provide an opportunity for crypto owners (individuals and businesses alike) to generate passive income from the assets in their portfolios. Moreover, users should understand that assets that are earning interest are locked in for a certain period and cannot be unstacked quickly, that is, used for payments.
The benefit is that crypto savings interest rates result in much higher yields than traditional savings bank accounts. The average annual percentage yield (APY) for cryptocurrencies is between 5%-12%, while the conventional bank savings have a measly 0.5% APY, which will provide crypto savings accounts with even more impetus in the coming years. However, the final value depends on the combination of digital assets held by the user as well as the maintenance fees charged by the platform. Some platforms may even put a 24-hour withdrawal limit, which you need to be aware of before creating the account.
Trend 5: Crypto ATMs Will Be The Norm

How many times have you seen an Automated Teller Machine or ATM in your life? Surely, more times than you’ve seen a crypto ATM! An ATM allows you to access the deposited cash in your bank account. However, with the growing innovation in crypto technologies, 2022 is set to have a large number of Cryptocurrency ATMs soon. Wondering what they are? Stay with us for one of the most interesting trends of 2022!
Unlike a traditional ATM, a Cryptocurrency ATM uses a blockchain-based network enabling users to buy cryptocurrencies with cash or exchange their crypto holdings for fiat currency such as dollars, euros, yen – or any other legal tender. However, instead of the money being deposited from your bank account, it will be linked to a digital wallet that holds all your Cryptocurrency assets. The ATM will sell the selected assets and let you withdraw the cash generated from the transaction.
With the global surge in buying and selling of products using cryptocurrencies, mass installation of bitcoin ATMs will take place in 2022. According to research by Coin ATM Radar, a major Cryptocurrency data compiling site, over 30,000 Bitcoin ATMs are currently functional in over 80 countries and this number will more than double by the end.
TechDogs’ Opinion: The adoption of cryptocurrencies depends heavily on how accessible and easy-to-use they are. Unlike Cryptocurrency exchange platforms, these new ATMs will make it easier for individuals to exchange or sell their virtual currency without always relying on their smartphones. Along with crypto ATMs, we believe that there will be more two-way automatic teller machines where one can buy and sell their assets in exchange for cash. The biggest plus here would be instant cash transactions - unlike most crypto exchanges that take 5-7 days to deposit fiat money to one's bank account.
However, a point of concern for financial institutions would be that crypto ATMs will be a prime target for digital hackers. To secure the transactions on such machines, businesses will focus on developing robust identity verification systems in 2022. One such technology involves printing out your private and public keys for each transaction in the form of QR codes on paper - also known as a "paper wallet.”
Final Thoughts
As more businesses and people start seeing the benefits of Cryptocurrency over traditional currency, there will be newer trends that evolve. It is predicted that 2022 will be important for Cryptocurrency exchanges, individuals and financial watchdogs alike as the global economy recovers to pre-pandemic levels, demanding global transactions. It is important to be aware of these trends and how they apply to your industry and business to stay ahead of the game. From DeFi and 5G revolutions to Bitcoin ATMs and crypto savings accounts, the world of cryptocurrencies is about to change in 2022!
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