Take a look at the top 10 crypto trends and representative projects worth paying attention to in 2024
Original author: Layergg
Original compilation: Luffy, Foresight News
The horn of the bull market has sounded, and 2024 is coming. Which tracks and projects do we need to pay attention to? Listed below are 10 trends and projects worth watching over the next year.
zk Rollup
Before 2022, the debate in the Rollup field mainly focused on which technology has more advantages, Optimistic or zk Rollup.
However, with the reduction of L2 costs after EIP-4844 and the launch of some large-scale projects, the previously quiet L2 war is expected to break out again. The key lies in how L2 can build its ecosystem.
Projects to focus on: zkSync, Starknet
Rollup middleware
After EIP-4844 reduces the cost of Rollup, the popularity of Rollup will really begin. This track includes the following subdivisions:
Rollup as a service
Shared sorting
Rollup SDK
There will be hundreds to thousands of AppRollups surrounding several mainstream Rollup projects.
Focused projects: Gelato Network, AltLayer, Espresso Systems
interoperability
As the number of blockchains continues to increase, the need for cross-chain infrastructure will grow exponentially. But they still have some problems:
high cost
Hacking incident
synthetic assets
liquidity dispersion
Although existing cross-chain bridges have various problems, newly released cross-chain solutions are expected to achieve breakthroughs.
Focus on projects: LayerZero, Wormhole
Parallelizing EVMs
The advantages of parallelizing EVM are:
Faster block time
Higher TPS
low cost
This technology has been verified through Inscription stress testing and will have strong appeal to DApp developers.
Focus on projects: Sei Network, Neon, Monad
Data availability
The data availability layer is critical to the scalability, security, and efficiency of a blockchain network. Its features and advantages are:
Improve scalability
Transparency and ease of verification
Compatible with L2 solutions
cut costs
As the core of the modular narrative, the DA layer will be adopted by numerous projects.
Projects to follow: Celestia, Avail, EigenLayer
Bitcoin Ecology
The Bitcoin spot ETF is likely to be launched in the first quarter of 2024. Additionally, with the development of Inscription (BRC-20), the Bitcoin ecosystem will remain a key area of focus in 2024.
Moreover, efforts to liberate Bitcoin’s $830 billion in liquidity will continue.
Focus on projects: Stack, Babylon
Decentralized machine learning
Artificial intelligence will continue to play a central role in the narrative of 2024, and AI computing power will become one of the mainstream areas.
As artificial intelligence continues to develop, the market is expected to increasingly turn its attention to data mining, a fundamental aspect of artificial intelligence technology.
Projects to focus on: gensyn, Bittensor
Decentralized social networking
Most SocialFi has yet to gain a large user base. Nonetheless, the friend.tech story is a compelling example of the limitless potential of user-driven social networks.
Projects to follow: friend.tech, Lens Protocol, Farcaster
Distributed validator technology
DVT allows multiple nodes to act as one Ethereum PoS validator, thereby increasing security and decentralization. As Vitalik Buterin warned, major staking service providers currently face centralization issues.
The takeaway here is that LSD will continue to be a high-growth industry in the coming years, and in the process it will naturally fuel interest in DVT.
Projects of interest: ssv network, Obol Network, diva
Ethereum re-staking
Re-staking refers to the re-purposing of staked Ethereum or other cryptocurrencies on nodes that act as validators for various protocols.
A key point to note here is EigenLayers revenue potential.
Ethereum staking annual interest rate (~ 5 %) + Eigenlayer re-staking rewards (~ 10 %) + LRT protocol token issuance (~ 10 %) = potential annual interest rate
When Ethereum enters a bull run, there may be more focus on the potential of the re-staking protocol.
Focus on projects: EigenLayer
