Original author:Bankless

Original compilation: Felix, PANews

Decentralized AI

Decentralized AI systems are not controlled by a single organization. AI+Crypto will be the theme of this bull market because it may be the easiest investment opportunity for the public to understand.

Representative projects: Bittensor (TAO), The Render Network (RNDR), Grass

Related Reading:AI concept tokens are rising again, and 2024 will be the cycle of AI x Crypto

re-pledge

Re-stake assets to earn additional rewards. Redemption has become one of the hottest narratives of the year. EigenLayer alone has invested $11 billion. There is also an entire ecosystem of applications being designed around restaking.

Representative project: EigenLayer

Related Reading:Binance Research 10,000-Word Report: Comprehensive Understanding of the Restaking Ecosystem

Bitcoin L2

Bitcoin Layer 2 solutions are designed to make transactions cheaper and faster while maintaining security. L2s can unlock Bitcoin’s capital efficiency, drive adoption, and inject value into the ecosystem.

Representative projects: Lightning Labs、Stacks、BitVM

Related Reading:Taking stock of 20 early Bitcoin Layer 2 projects worthy of attention

Modular

An approach to building a blockchain that aims to isolate each function from each other to increase efficiency and scalability. The concept of modularity combines several other narratives, such as copycat L1s and DA layers.

Representative project: Celestia

Related Reading:LD Capital: Modular blockchain is in the ascendant and Celestia ecosystem is thriving

Data Availability (DA)

DA guarantees that all data required to verify transactions on the blockchain is accessible to anyone. The data processing layer (DA layer) will become the hub for releasing data on the blockchain.

Representative projects: Celestia, EigenDA, Avail

Related Reading:Data availability solutions and track project inventory

DePIN

A decentralized physical infrastructure network system manages and coordinates real-world physical infrastructure on the blockchain. DePIN represents a real-world use case for cryptocurrency and blockchain technology.

Representative projects: Helium, Hivemapper, Filecoin

Related Reading:The Ultimate DePIN Guide: How Close Are We to a Trillion Market?

Alt L1s

Alt L1s (alternative L1 public chains) are designed to address the limitations of existing blockchains. This narrative dominated the last bull run. The current general consensus is that Alt L1s transactions will never die and will continue to grow in every cycle is the key.

Representative projects: Solana, Avalanche

Related Reading:Performance is stronger than Ethereum, why are these 8 major public chains expected?

Intents

Intents are the intended states that users want to change through transactions. These projects can greatly enhance the DeFi user experience by simplifying interactions in an increasingly complex multi-chain world.

Representative projects: Anoma, Essential, PropellerHeads

Related Reading:Decoding INTENTS - How to completely change the Web3 user experience and order flow model

Interoperability

Interoperability refers to how chains communicate and interact with each other. It’s clear that data and value need to be moved across many different chains, such as TVL’s billions, and this need will only increase.

Representative projects: LayerZero Labs, Axelar Network, Wormhole

Related Reading:Full-chain interoperability protocol: the key to the interconnection of thousands of chains?

Ordinals

Ordinals, often referred to as Bitcoin NFTs, create unique digital assets on the Bitcoin blockchain. Bitcoin holders now have the opportunity to expand their exposure to these assets.

Representative projects: NodeMonkes, Quantum Cats

Related Reading:With a market capitalization of over US$300 million, what is the origin of Runestone?

Parallel EVM

The innovative blockchain architecture Parallel EVM is designed to overcome the scalability challenges of EVM. These platforms have huge potential to increase throughput by executing transactions in parallel.

Representative projects: Monad, Sei

Related Reading:Comprehensive interpretation of parallel EVM, project overview and future prospects

RWAs

Real world assets such as gold, real estate, commodities, etc.

Narrative: The RWA protocol can tokenize almost any asset in the world and bring it on-chain, thereby tapping into a market worth hundreds of trillions of dollars.

Representative projects: Ondo Finance, Parcl, Mattereum

Related Reading:CoinGecko report: RWA wave rises, tokenized U.S. debt grew more than 6 times last year