# Information you need or don't need about web 3 - 6

**Published by:** [0x5351](https://paragraph.com/@0x5351abfa9022d1e8117b11ca3556de4164ad34fd/)
**Published on:** 2025-09-01
**URL:** https://paragraph.com/@0x5351abfa9022d1e8117b11ca3556de4164ad34fd/information-you-need-or-dont-need-about-web-3-6

## Content

📅 The Last 5 Years in Crypto – Year by Year Milestones 2020 – The DeFi Boom & Institutional Entry DeFi Summer: Protocols like Uniswap, Compound, and Aave pushed DeFi TVL up 10x within the year. Institutional interest: MicroStrategy’s first Bitcoin purchase opened the door for corporate investors. Ethereum surge: Gas fees hit record highs due to DeFi activity. COVID-19 crash & rebound: March 2020 saw a sharp market drop, but prices recovered to near ATH by year-end. 2021 – NFTs & Bull Market Mania Bitcoin ATH: BTC hit $69,000 in November. NFT boom: Bored Ape Yacht Club, CryptoPunks, and Beeple’s $69M sale made headlines. Ethereum upgrade: EIP-1559 introduced a burn mechanism. Celebrities & brands: Snoop Dogg, Eminem, Adidas, and Nike jumped into NFTs and the metaverse. Meme coin craze: DOGE soared over 10,000% fueled by Elon Musk’s tweets. 2022 – Collapses & Trust Crisis Terra meltdown: LUNA/UST wiped out over $60B in value. Celsius, Voyager, 3AC bankruptcies. FTX scandal: Sam Bankman-Fried’s empire imploded, billions lost. Crypto winter: BTC fell to $16,000. Regulatory pressure: U.S. and EU debates over strict frameworks intensified. 2023 – Recovery & ETF Hopes Bitcoin recovery: Climbed back to $30,000 mid-year. Arbitrum airdrop: Users received millions in ARB tokens. BlackRock’s ETF filing: Boosted institutional confidence. Ethereum Shapella upgrade: Enabled ETH withdrawals from staking. NFT market shrinkage: Volumes dropped sharply compared to 2021. 2024 – ETF Approvals & Bullish Signals January: SEC approved Spot Bitcoin ETFs (BlackRock, Fidelity, etc.). Halving anticipation: April’s scheduled event fueled bullish momentum. Layer 2 expansion: Base, zkSync, and Optimism reached record adoption. Memecoin comeback: PEPE, BONK, and others spiked briefly. CBDC pilots: China, Europe, and others advanced digital currency tests. 2025 – So FarStrategic Bitcoin Reserve: In March, the U.S. established an official “Strategic Bitcoin Reserve” using seized and abandoned BTC—also planning reserves for other digital assets.GENIUS Act: Signed by President Trump on July 18, the law mandates 100% reserve backing, audits, and transparency for stablecoins—marking a historic step for U.S. crypto regulation.Market milestones: By July, crypto’s total market cap surpassed $4T. Bitcoin hit $124,000 in August, up 32% YTD.Coinbase acquires Deribit: Announced in May for $2.9B, expanding Coinbase’s derivatives footprint and signaling readiness for institutional adoption.Mega hack wave: Losses in H1 2025 exceeded $2.17B, driven by major breaches at ByBit and CoinDCX, sparking new concerns over security.

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