Interpretation of Messari 2024 Research Report: Bullish on Ethereum, DePIN, AI and Solana Ecosystem

深潮TechFlow

特邀专栏作者

2024-01-04 13:00

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Autonomous worlds could break the logjam in game development.

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Autonomous worlds could break the logjam in game development.

Original author: Distilled Crypto

Original compilation: Deep Chao TechFlow

Recently, cryptocurrency research organization Messari released a 2024 research report covering key encryption trends and projects. The report has a total of 194 pages. Twitter user DistilledCrypto read and analyzed the full text of the report in detail, and refined the full text. See below for details.

1.DePIN x AI collaboration

Artificial intelligence will require massive amounts of computing power and data storage.

Computing power: $RNDR, $AKT
Data storage: $FIL

Decentralized storage networks have huge market opportunities.

2.Messari Analysts’ top choice

DePIN + DeAI = Cryptocurrency’s Killer App

On-chain proxy framework
Eigen layer + re-staking
SOL Ecosystem Project
On-chain income from RWA and LST

Taken together, Messari is optimistic about these currencies:$RNDR, $SOL, $TAO, $OLAS

3. Coinbase market penetration

Coinbase has 80% more “TVL” custody than DeFi across all blockchains.

CEX and Base L2 expand Coinbase’s influence
Coinbase blurs the lines between CeFi/DeFi
Coinbase brings traditional financial RWAs onto the chain

4. Modularity and Celestia

TIA provides data availability and consensus for modular blockchains. The modular blockchain narrative will have a huge impact on the market.

Corresponding projects and currencies include: $ATOM, $TIA, EclipseFND and $CHR

Purpose-built networks for Rollup Data Availability (DA) are emerging.

5.Solana + Firedancer

Firedancer, developed by Jump Crypto, aims to improve Solanas scalability.

Very fast, on par with CEXs
Backed by Coinbase
Micropayments, DePIN, Fast DeFi
Has airdrop wealth effect, $JUP, $PYTH, $JITO

6. Bitcoin: The Godzilla of Finance

Bitcoin, known as digital gold, has many positive events:

Spot Bitcoin ETF and Bitcoin Halving Event
Growing concerns about fiat currency devaluation
The Financial Accounting Standards Board (FABSB) fiscal year 2025 plan is beneficial to cryptocurrencies and may be considered to promote the positive development of cryptocurrencies.

7. Is DeFi back?

DeFi accounts for less than 0.01% of global financial assets (approximately $510 trillion in value).

Is the path toward more regulation inevitable?
UNI still has an advantage in DeFi; other chains compete fiercely.
Orca, $JOE, $ASTRO (SOL, AVAX,ATOM) deserves attention
What other cryptocurrency or platform has more daily trading volume than Ethereum?

8.Sports Betting and Information Market

Were in a U.S. presidential election year, which means a lot of predictions and gambling.

Prediction markets could grow rapidly
Sports betting grows by about 15% annually
Protocols worth watching are Azuroprotocol and Polymarket

9. Games + Autonomous World

Autonomous worlds could break the logjam in game development.

$MATIC,$IMX is the core ecosystem in this field, followed closely by $SOL
By 2025, 5-7 games will reach 100,000 daily active users
In-game AI character: $PRIME
Autonomous World Tools: Dojo

10. Bullish Ethereum Narrative

Ethereum Underperforms in 2023, But Is It Too Bearish Now?

ETH has long-established reliability
Liquidity Ecosystem and $300 Billion Market Cap
Ethereum is cleaner and more environmentally friendly than Bitcoin and has an ESG narrative
The ensuing Ethereum ETF hype
Killer applications can only be implemented quickly on SOL
Ethereum will still have a 4-5% return rate in an interest rate cut environment