2018 was a bad year for investors looking for outsized returns from crypto. But for developers, the lull in the market was much needed.
And the quiet period marked the launch of major products and protocols that could lay the foundation for the future development of the crypto industry. 2018 was the year of the launch and growth of the Lightning Network, bringing scaling solutions to Bitcoin. We also the saw the infrastructure of Ethereum’s Open Finance take shape, with the launch of Augur, Compound, and dy/dx.
Companies in the traditional finance sectors also started to contribute to product development for the crypto industry this year. We saw Cash App, Robinhood, and eToro introduce millions to crypto, with each launching their own fiat-to-crypto on-ramp platforms. Additionally, major Ethereum competitors released their mainnet this year, including EOS, Tezos, and Tron.
As our industry prepares for the new year, The Block has mapped out major crypto product launches in 2018. To be sure, this is not an exhaustive list, as it would be quite impractical to map out every single product launch this year.¹
¹Projects listed on this map have working products at the time of this post. For our “mainnet” section we considered the top 50 crypto projects by market cap. We also included MakerDao (DAI), as we believe 2018 was the year the product took shape and proved its stability.